I am the Director of Charter House Community Develpoment Corporation located in los Angeles, California. The agency is a 501 c3 ( public benefit corporation ), with experience in purchasing, rehabilitating, selling and leasing REO properties to low to moderate income residents. Charter House would like to work with BOA by purchasing $10,000,000 – 20,000,000 pools of reo properties at a substantial discount, providing BOA the Tax Benefit of writing off the gift discount and addressing the housing/ family displacement problems that exist in our communities. Charter House is willing to resale these properties at substantial discounts to home buyers, providing them the opportunity to get FHA Financing. Some of these properties would be set aside for leasing to families displaced from foreclosure.

Employment opportunities would also be created in construction, real estate sales/ management, and loan origination. The calaboration between the Banls/Lender and non-profit corporations, could make an impact in redeveloping communities in California and Nationwide

Please email me so that we can discuss this community project and I will be glad to forward a project summary to you for review.