Executive Summary

Introduction
PUSH, People United to Secure Housing, is an organization whose objective is to work with the federal government and lenders involved in the TARP program in finding timely solutions for the current excess of foreclosed residential property brought on by the current housing crisis.

Since it is well established that the crisis began with housing, which has now caused staggering job loss and a myriad of other economic woes, the solution should begin with housing. This organizatin will be formed to meet the time sensitive and critical need to create jobs by putting people back to work rehabbing properties that are bank owned and then to make use of the housing for the greater good, such as housing for the elderly and the disabled while reducing the surplus housing supply.

PUSH will utilize the most environmentally sound methods of building and use sustainable materials and alternative fuels whenever feasible.

Our staff of professionals, craftsmen, and laborers, will all be US citizens and in need of employment and benefits.

We will operate under complete transparency.

The Company
The founder has extensive experience in the arenas of housing for the elderly and that of special needs adults. They have been involved with the successful rehabbing of properties for many years and have resources to mobilize work forces in all areas of the country. The plan is to create a not-for-profit or non profit.

Services
We will secure qualified local professionals, who have experience in their geographical areas and rehabbing crews will be formed.  We will create area specific templates to maximize efficiency and operate under complete transparency with assurances to comply with high standard building codes and labor laws. We will use the most sustainable materials as much as possible and will insure oversight in all areas. We will purchase materials locally.

The Market
There are currently no reliable figures available as to the number of foreclosures that are in the lender inventories, as it is a highly volatile and fluid situation and prices are dropping rapidly. But they number in the tens of thousands and are growing. Vacant properties in hardest hit areas beg for an immediate solution that will create housing for the greater good; the population that needs it most while, at the same time shrinking the supply of homes which has been artificially high,  and putting people to work.

Financial Considerations

We will be entirely reliant on the banks’ over supply of foreclosures, and their assumed willingness to participate in this program in light of the Tarp bail-out package the government is currently making available to them. We will need also need funding from federal government to help us coordinate “shovel-ready” teams to operate with appropriate, aggressive plans to provide immediate relief of the current situation in both housing and employment.

 

1.1 Objectives

PUSH intends to

• Secure funding from the federal government and operate with total transparency as a non-profit  national agency with open invitations of input and  oversight by federal officials
• Mobilize the workforce and begin to set up necessary teams with qualified foremen and/or team leaders. We will provide benefits, first under COBRA and then have our own healthcare plan.
• Create area specific templates to utilize the most effective pipeline for materials and services.
• Identify properties to rehab for greater good of the population.
• Use sustainable materials and alternative fuels wherever and whenever possible lessening our dependence on foreign oil.
• Identify properties of historical significance for special review.
• Be parent providers for the population that needs housing, and then eventually turn the properties over to qualified providers who will also operate under complete transparency.
• Involve the car companies with bailouts to supply some vehicles for PUSH.

 

 

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