OUR GUIDING PRINCIPLES

Mission:

The Home Ownership Alternatives mission is to support  the creation and continued ownership of  housing for low and moderate income households that contributes to healthy and economically diverse communities.

 

Vision:

HOA will be recognized as a pre-eminent creator of affordable ownership housing.

 

Values:

  • Home ownership contributes to self-respect and healthy communities
  • Low and moderate income households have a right to home ownership opportunities
  • Affordable housing must be good quality housing
  • HOA must be an accountable, ethical, inclusive and transparent organization
  • HOA must demonstrate sound non-profit stewardship and be financially disciplined
  • HOA must generate, preserve and use value created to develop future communities

Strategic Goals:

  1. 
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
  2. 
Growth – increase the number of construction starts
  3. Federal, Provincial and Municipal policy and program support are in place
  4. Provide financial reserves to meet risk – rest of funds in play