Difference between Home Buyers Club and
Prospective
Homeowners
Public Interest Advocacy &
Mutual Benefit Association
Homes for the Upwardly Mobile (HUM) buyers club members do not own anything yet, but aspire to do so.
To make that happen, HUM contracts with Development Sponsor and other consultants and home buyers skilled in development processes and functions to lay the groundwork for the further development of construction goals.
There is a cost to hiring consultants to perform objective analyses and create plans, therefore the necessity to charge memberships.
This is the staging organization, which is the entryway for new members to join the process and lend a hand and give funds to sponsor its success.
Prospective Homeowners Association (PHA) members are in the process of buying and building upon the land.
This organization formalizes the relationships with affiliates, builders and suppliers.
Once someone becomes a member of the association, the members fees for participation are different than the rates they've been paying, for different services than HUM.
The above two organizations are quantitatively and qualitatively different from the other two organizations just below here, which are property development companies; none of the previously-mentioned organizations, until the final stages of physical property development, have anything to do with a co-operative*:
Homes for the Rest of Us (HRU)
This organization (non-profit) owns CPR and through it, as the developer, it builds concepts for the creation of homes and communities.
Competitively Priced Residences (CPR)
This organization (for-profit) is a wholly-owned subsidiary of HRU and it negotiates and creates contracts with general contractors and home-landowner development partners to improve land and build homes and structures for living.
* L.E.C or M.E.C. (These two designations - as defined on other pages herein** - have to do with the establishment of a co-operative, of which none of the organizations listed on this page either are or will be, until the final stage of any particular property's development; whereupon one or more of the properties and its residents will form a legal co-operative and manage to own and manage that particular property, the land of which the homes reside upon will be owned by a Community Land Trust and leased back to that housing co-operative.
Six Corporate Entities are Created in the Process
**Click here to go to the detailed explanation, in the form of a presentation