Affordable mortgage lending for Co-ops

Hello,

I am working with the Northcountry Cooperative Development Fund (NCDF)
here in Minneapolis, on a feasibility study for affordable mortgage
lending programs.

We are looking to review other organizations who are making affordable
mortgage loans to people with middle to lower-incomes. NCDF presently
lends to Co-ops and is thinking that a development credit union would be

the best vehicle for its future affordable mortgage program (to housing
co-ops) but, we're open to considering other models, as well.

We are aware of the work of Vermont and Self-Help Development Credit
Unions, but welcome any tips about other affordable mortgage lending
programs.

Thank you for your time.





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I would be interested in finding out about such programs that operate in
New York State or City.

Thanks.

Robert

>Hello,
>
>I am working with the Northcountry Cooperative Development Fund (NCDF)
>here in Minneapolis, on a feasibility study for affordable mortgage
>lending programs.
>
>We are looking to review other organizations who are making affordable
>mortgage loans to people with middle to lower-incomes. NCDF presently
>lends to Co-ops and is thinking that a development credit union would be
>
>the best vehicle for its future affordable mortgage program (to housing
>co-ops) but, we're open to considering other models, as well.
>
>We are aware of the work of Vermont and Self-Help Development Credit
>Unions, but welcome any tips about other affordable mortgage lending
>programs.
>
>Thank you for your time.




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If you are serious about setting up lending opportunities for low income
housing, my company, QMCI California, Inc. can provide start-up assistance
for credit unions start-ups. QMCI is a national consulting agency for the
banking and lending industry. We have been involved with start-up's for
credit unions, banks and consumer lending operations. We can also provide
loan origination and loan servicing consulting in areas related to low
income/low cost housing and related topics. Other services include setting
up all the needed computer software and hardware and providing training in
primary and secondary marketing. There are other anciliary and outsourcing
services available as well.

Please call me to discuss further at 858-592-7624. This could be a terrific
opportunity for a lot of people who deserve to own a home.

Marian A. Weiner
President
QMCI California, Inc.



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