Minutes - 19980601 - Laserfiche WebLink

Browse Search

ORANGE COMMUMTYHOUSING CORPORATION MISSION STATEMENT ORGANIZATIONAL GOAL OCHC shall both initiate and support the construction, conversion, or rehabilitation of both rental and owner- occupied housing units for families and individuals with incomes at or below 80% of the area median, and shall regularly and actively advocate in Orange County within the context of OCHC's stated objectives and annual work plan. OBJECTIVES • To construct new homes suitable for families, using best available market data, creative planning and design, public subsidies, and community investment from local financial institutions, with first mortgages affordable at or below 80% of the area median. • To construct rental housing affordable to families and individuals with incomes at or below 60% of the area median. • To participate in cooperative efforts to provide housing that serves the needs of special populations, such as homeless individuals and families, older adults, persons with disabilities or mental illness, and battered women, in association with the agencies that would operate programs supporting the targeted population. • To support and assist development efforts by other organizations and individuals, both public and private, that are consistent with OCHC's mission. • To conduct education and counseling programs that will prepare interested families and individuals for the responsibilities of homeownership and create a pool of ready buyers for homes OCHC builds. • To achieve excellence in product design and produce homes that are safe, durable, comfortable, cost- effective and energy efficient. • To obtain 100% of operating costs from government sources and to set aside some portion of development fees-if involved in particular projects-in reserve to be used consistent with our Mission. (formerly To operate as a business that meets its annual financial requirements and OCHC's mission through fundraising and generating revenues from project development. • To assist local government staff and elected officials, as time and resources allow, in their efforts to design and implement policies and programs that address housing needs in Orange County. • To participate in the local community, with special emphasis on the housing industry community, to increase industry participation in efforts to provide adequate housing for families and individuals with incomes at or below 80% of the area median. • To provide an excellent working environment for all employees, including comfortable working conditions, a compensation plan that rewards achievement, career advancement and educational opportunities, and an open and congenial atmosphere. • To create and utilize mechanisms or tools that ensure that the homes remain in the hands of those initially targeted; and that the homes remain affordable to future residents.