HOA Commitment to affordable ownership housing projects
Home Ownership Alternatives is a professional and experienced financier of affordable housing projects. Its professional staff is committed to the speedy review and assessment of project proposals essential in the competitive real estate industry. HOA support of a development is governed by a Housing Project Agreement and a Loan Agreement. HOA provides project pre-construction financing as well as financing and warranty guarantees and supports.
HOA has used its financial strength and expertise to assist in obtaining project financing and has been the lead partner in acquiring and administering support from funding partners.
HOA staff review and approve all applications from home buyers for additional 2nd mortgage support. At sales closing, HOA receives and administers thereafter consolidated HOA 2nd mortgages containing the combined funds of the various funders.
