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98%
of Los Angeles Residents are priced out of the housing market
- Are you?
If you are like the majority of Californians who
work for a living, OR ARE TRYING TO FIND
A COMFORTABLE RETIREMENT ON A MODERATE INCOME,
until now you could not afford A home.
"You
can watch the news or you can initiate events the news should cover"

Prospective Homeowners
Association
Building Limited & Market Equity Housing
Cooperatives
Providing Opportunities
for the
"Upwardly Mobile" to attain
the Home of their Dreams through Affordable Housing Solutions
Prospective
Homeowners is a Mutual Benefit Society, Home Buyers Club &
Grouping of Home Builders
(It is owned by the stakeholders, including the members, who are home
buyers, workers & service providers)
Click
here to view our PowerPoint or Adobe PDF presentation below
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First
time homebuyer?
Consider Membership! |
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Would
you like to buy your first home, but don't have a large down payment, don't have
good credit standing that others require, or you cannot afford to purchase at
today's market with high home prices?
In
some areas, it take four incomes to buy a home, using the standard methods
available to buyers ... so if you really want a home, you should know that
...
 | Whether
you have good or not-so-good
credit standing, have or don't have a down payment, don't want a
mortgage ...
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These
points are of no importance when it comes to buying a home through
our cooperative homeowners business plan. |
 | It is
the co-operative homeownership corporation which actually owns the
property, and therefore pays a single corporate
mortgage/loan. |
 | It is
through your shares, you gain the right of occupancy for your
individual home unit. The obligation you have is a monthly
payment. |
 | It
is the amount of liquid assets you have for purchasing shares,
that will determine which of the two cooperatives you will become
a part of: A Limited or a Market Equity
Co-op. |
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| Existing
Homeowner?

Consider
Membership!
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There
are alternatives to keep you in your home & allow you to remodel with
no payments!
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If you already
own a home, like many other Californians you may not be able to afford a move to a
different home, without leaving the city you live in, the Southern
California Region, or the entire State of California! |
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Do you own a
home, but don't want or are unable to afford to move to a better
neighborhood, or a bigger home, or even down-size? |
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Want to
remodel your home, but don't want to make payments on the loan, since
your home is already paid off, but you're now on a fixed income? |
 | We may be
able to increase the value of your property, while getting your home
remodeled and reducing if not eliminating your monthly payments. |
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| Looking
to Retire?
Consider Membership! |
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Are you
looking forward to retirement, but you
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Feel that if you
"downsize" your existing lifestyle, you won't be able to
keep the "home of your dreams"? |
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Want to take
charge of your lives and design a new home/community to live in? |
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Are
interested in an alternative to institutions, where you can live in a
mixed-age community? |
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Want to maintain your
financial and physical independence in retirement? |
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You value
family and friends above all else, you look forward to sharing your
experience with younger generations. |
Americans view
retirement as a gradual transition into another lifestyle.
Cooperatively
Owned Housing is for Older Adults Attend
our seminars, or download Part 1 of 2 of
the presentation about our group, and learn more now |
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| Problem Mortgage
Holder?
Consider Membership!
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Do
you already own a home, but cannot afford the payments, since your
variable rate mortgage has gone or will be going through the roof? (For
example, due to the Sub-prime mortgage fiasco?)
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Do you want
to keep your home, but have no alternative being offered by your
finance company that will help you to keep it? |
 | We
may be able to stop foreclosure, once our mutual benefit co-operative
corporation is formed. |
 | Our
cooperative may be able to assume responsibility for your loan and
your interest payments will stop. |
 | Your
property may be incorporated into the assets of the cooperative
corporation, as it pays off your debt. |
 | You
will still "own" the right to occupy your own home, by
virtue of the shares of stock you will receive in the cooperative
corporation and the contract to maintain the right to benefit your
heirs with a Limited or Market Equity position while never having to move out, as
long as your payments continue to be made at new rates you can afford. |
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Worried about foreclosure?
Get help. Contact your lender.
Talk to a counselor. ACT
NOW!
(50% of those nearing foreclosure
do not even ask for help!)
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On a separate note,
Gary Cook the
founder of this organization,
works part-time as a loan officer with
WSB
Mortgage Services, Inc. License CFL#6072621
"I'd be happy
to provide information about a new loan program that allows people who
have a current mortgage balance that is higher
than their home's current market value to refinance."
For information, call (626)
940-7422 |
View
Part 1 of 2 of our PowerPoint Presentation, which is given live at our seminars for
existing or
Prospective Homeowners,
Community Stakeholders and Qualified Investors.
Or
Click Here to download a PDF file with 1/2 of the presentation in it.
Note: This is not an offer to purchase
homes, shares, nor an offer to invest.
This is an invitation to review our business plan, attend meetings and ask
questions, and to discuss working together.
You can help by either becoming a
member, or directly sponsor this effort and donate to assist with predevelopment
funding, or work with us in development of building and remodeling opportunities
we identify.
Please read the business plan for details, or request an in-person meeting.
Housing Co-ops
Cooperative
housing can provide an affordable alternative, plus the chance to build up
equity.
Formal housing cooperatives, or co-ops, have become a vital
component of urban housing in the U.S., particularly since the 1960s. Today,
more than 1.5 million American families live in co-ops ranging from low-income
apartment buildings to luxury town homes to entire housing communities. When you
buy into a housing co-op, you buy much more than four walls and a roof -- you
buy into a way of living and a ready-made neighborhood.
Resources
Los Angeles
Neighborhood Housing Services / Automated
Builder Magazine / Green-Collar
Jobs: The New Cash Crop
Social
"Entrepreneurism" and the Power of New Ideas / Community
Economic
Development Starts with You
Informational
Resources on "buying co-op homes" / The
Co-operator Condo & Co-op Monthly Magazine
The
Cooperative Housing Development Process / Workforce
Housing / Top
100 Cooperatives
Council
of New York Cooperatives / Green
Communities Online / California
Center for Cooperative Development
Financing
Cooperative Housing / Equitable
Development Toolkit: Limited Equity Housing Cooperatives
See
photos of other cooperatives'
affordable
green housing developments
Green
Affordable Housing Coalition
/ National Foundation for
Teaching Entrepreneurship
The
journal of affordable housing and community building
/ Building
Cooperatives
HUD's
Western Regional Housing Summit (conference white papers & downloads) held
Aug. 25 & 26, 2008
Searchable
Database of Canadian Cooperatives
Neighborhoods
we are looking for properties in, to convert into cooperative assets:
East Los Angeles, Mt. Washington, El Sereno,
Happy Valley, South Central Los Angeles, North Hollywood, Los Angeles City &
County,
Eastern San Fernando Valley, San Gabriel Valley, Pasadena, Altadena, South
Pasadena, Northwest Pasadena
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