The new agreement will not solve all of Banana Kelly's problems.
The board members voted to give Banana Kelly a letter of support that it needs for a state housing grant.
Banana Kelly bought the building in 1981 for $4,500.
Banana Kelly has a positive effect on the lives of thousands of families each year.
The attorney general's office, however, will continue to investigate Banana Kelly.
But last week, Banana Kelly's board of directors decided to end the agreement.
No government agency even has a complete sense of Banana Kelly's finances.
Banana Kelly's bylaws say that "board members are not to be directly involved with management."
City officials could foreclose on Banana Kelly's mortgages, but feel that doing so would set the community back 20 years.
Banana Kelly recently abandoned another managed-care plan whose doctors, workers say, sometimes did not return calls.