Earlier this month, the city honoured
Home Ownership Alternatives, a little known but increasingly influential funding body, as one of the city's several
Affordable Housing Champions.
They were recognized for the work they did financing Options for Homes'
643-unit housing project at Keele and Dundas, Village by the Park.
"We're actively looking to get some new partners, both on the financial side and the developer side," says Joe Deschenes-Smith, HOA's vice president of partnerships, "so recognition like that is always great to help open some doors and find new projects and organizations.
HOA, which was founded in 1998 as the funding agency for Options for Homes St Lawrence Co-Operative, funds affordable housing by providing project financing, offering second mortgages to home buyers, and lobbying government for more affordable housing legislation and funding.
Writer: Bert Archer
Source: Joe Deschenes-Smith
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