HOA has identified five Strategic Goals as tangible ways that HOA can accomplish its mission over the next three years.
- Meet income and demographic targets:
- 10% of purchasers to have low household incomes - below the 30th percentile for their communities;
- A further 15% of purchasers to have moderate household incomes - below the 50th percentile for their community; and
- 5% of all purchasers to be large families with 3 or more children
- Growth – increase the number of construction starts to an average of 1,000 units annually
- Create additional delivery agents in two ways:
- by supporting additional non-profit developments and development consultants; and
- by finding ways to more effectively access the capabilities of the for-profit sector while maintaining non-profit control over the major decisions affecting the affordable units being developed.
- Federal, Provincial and Municipal policy and program support are in place
- Provide financial reserves to meet risk – rest of funds in play
