Post on 14-May-2015
transcript
MEET PROUD GROUND
What makes us different
We create equity for the current generation while passing on affordability to the next.
Why permanent affordability?
2001 2002 2003 2004 2005 2006 2007 2008 2009 20100
50000
100000
150000
200000
250000
300000Market-RateProud GroundMFI
How does it work?• To protect homeowner
rights, and keep the home affordable, Proud Ground and homeowner sign a legal agreement.
• In this agreement, a resale formula ensures affordability when or if a homeowner decides to sell.
It is like traditional homeownership in that...• You have a mortgage with
a bank.• You accumulate equity.• You enjoy the tax benefits
of homeownership.• You pay property taxes,
though they are often reduced.
• You are free to remodel and improve your home and yard.
• Your home can be inherited.
It is different in that...
• The purchase price is much, much lower.
• In exchange, you resell the house at an affordable price and enjoy a fair return on your investment.
Working with brokers
• Our buyers are represented by a broker• We pay buyers agent fees• Our homes are listed after the First Look
period
Working with employers
• Payroll inserts, posters, e-campaigns• Dedicated information sessions• Geographic targeting• Down payment assistance
Thank you!