Memo: snow storm update

January 26, 2014

TO: All Shareholders
East River Housing Corporation

FROM: Harold Jacob / Shulie Wollman

Re: Snow Storm UPDATE

Please be advised, due to the vehicle travel ban just imposed by New York City, we are re-prioritizing our snow clearing efforts from parking lots to sidewalks and pathways. Parking lots will be cleared later in the storm duration.

For those who have not heard, New York City has now prohibited automobile travel from 11PM this evening until further notice. Only emergency vehicles will be be allowed street access. We are prepared for the storm and have crews staying overnight to handle the snow accumulation.

Please stay indoors and please stay safe.

We will continue to keep you updated.

Thank you.