Who says a Nonprofit cannot take advantage of other businesses or individuals having problems holding on to their assets?

There is a tremendous need for affordable housing and utilizing the open market to rent does not control one’s costs or keep rents affordable. The nonprofits, government and business community must remove housing units from the open market to keep housing affordable.

Today there is an opportunity to utilize the market being depressed to buy housing units of new construction, foreclosed properties and reduced pricing. Builders, banks, investors and sellers of homes are just trying to stay afloat and salvage what they have.

Be the aggressive buyer.

Be the savior of the development that might be foreclosed on.

Be the partner that is brought in to make the housing project go forward.

As a nonprofit, most organizations can take advantage of an array of resources such as: HUD, Bonding, Fundraising, Local and State funding, and many life long clients in need of housing who have subsidies to make a housing initiative successful.

This entry was posted on Friday, August 24th, 2007 at 12:01 am and is filed under Business Plan, Program Development, Strategic Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.