- Instead of keeping your savings in the bank you can buy AHC shares while you wait for your turn to occupy your home.
- Your purchasing of shares of AHC will work as an investment and you are entitled to a dividend until you occupy your home.
- You choose the location of your house a single family home or townhouse but you must have shares equivalent to at least 20% of the first $100,000 of the price of the home and 40% of the difference between $100,00 and the actual price. The minimum required shares must be with AHC.
- You pay fair and mutually agreed occupancy charges (rent) to AHC in proportion to you and AHC's ownership in the house.
- Monthly occupancy charges will be reduced from the following quarter in the proportion of additional shares you buy at any time during the year.
- As a result of sale/transfer of the housing unit, any gain or loss realized will be divided as follows:
- 70% to the member and 30% to the AHC
- Class G: Reserved If the member has 50% or less shares- 30% to the Co-Op and 70% to the member.
- Distribution of Appreciation or Depreciation. AHC and the Member has agreed that the Distribution of Appreciation or Depreciation as described in Clause H of the current Regulations (Rev 1.2) is excluded from enforcement instead the Distribution of Appreciation or Depreciation will be as follows:
- 70% to the member and 30% to the AHC
- To complete the ownership of the occupied housing unit, the member will have to accumulate shares equivalent to the cost of the housing unit PLUS one (1) Class ‘G' Preferred Share.
- Cost of the above Class ‘G' Reserved Preferred Share will be determined by the Board as 10% of the difference between the present fair market value of the said housing unit MINUS the actual cost, the cost of authorized major improvements and expansions, and certain legal expenses.