Saturday 28th September, 2013
12:00pm to 1:00pm
Howard Banker is the Executive Director of the Fair Mortgage Collaborative with over 35 years’ experience in affordable lending and community development. FMC has developed and is implementing a national single family coop loan product for ROC USA (Resident Owned Communities USA), which helps residents affordably purchase and cooperatively own their manufacture home communities. Howard also directed a program which organized and financed (purchase and rehab) low income resident purchases of privately owned buildings in NYC and convert them to affordable cooperative ownership. He actively supports credit union residential lending and has served on CU boards. He lives in a residential cooperative in Yonkers, NY. Fair Mortgage Collaborative is supporting ROC USA in the design and now implementation of a national secondary market program which allows credit unions to originate loans to manufacture home owners in MH resident owned communities. ROC USA also provides organizing and technical assistance to residents in manufactured home communities to try and purchase their parks. ROC USA also provides all necessary financing for these purchase and rehab efforts and has (so far) supported 45 such resident purchases in 15 states.
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