Retirement Housing Foundation

Pioneer towers is a not-for-profit corporation formed in 1974, in accordance with the not-for-profit statutes of the state of california. the corporation was formed for the purpose of operating a 198 unit community known as pioneer towers located in sacramento, california, which provides housing for low income elderly persons. a related entity purchased the project and pioneer towers now funds the project through a seller carryback loan. the main purpose of this entity going forward will be a financing arm of the low income project through the new partnership.