Rebuilding Alliance Revolving Mortgage Loan Fund

 
$282
$53,718
Raised
Remaining

Rebuilding Alliance Revolving Mortgage Loan Fund

Rebuilding Alliance Revolving Mortgage Loan Fund
(view small | med | large | orig)

Mayor Haj Sami Sadeq formed Al Aqaba Credit Union

Mayor Haj Sami Sadeq formed Al Aqaba Credit Union
The Al Aqaba Cooperative Assembly for Housing Displaced (ACAHD) will do something remarkable: guarantee mortgage loan repayment. (view small | med | large | orig)

The principals in the mortgage loan program

The principals in the mortgage loan program
Mayor Haj Sami Sadeq and Donna Baranski-Walker look at the banner for the Al Aqaba Community Assembly for Housing Displaced (view small | med | large | orig)

Discussing term sheets in advance of Charrette

Discussing term sheets in advance of Charrette
Mayor Haj Sami Sadeq, villagers and translator review term sheets in advance of the Charrette's first meeting with the families (view small | med | large | orig)

Day1 of Architecture Design Charrette

Day1 of Architecture Design Charrette
Presentation of terms and home design possibilities to the first three families enrolled in the Homes with Dignity program (view small | med | large | orig)

Working with Haj Sami to develop town plan

Working with Haj Sami to develop town plan
This is a development plan like no other, step by step construction, layer by layer -- always weighing the winds of occupation and diplomacy before deciding upon construction. (view small | med | large | orig)

Presentation of first draft home designs

Presentation of first draft home designs
Charrette Day 4: Architect Hani Hassan presents designs they can afford and also some designs beyond their means. (view small | med | large | orig)

The families need 3 bedroom homes

The families need 3 bedroom homes
The families express concern because they really need 3 bedroom homes. Our 20K financing won't be enough -- so discussion groups form to find a solution. (view small | med | large | orig)

Groups form to figure out how to afford 3 bedrooms

Groups form to figure out how to afford 3 bedrooms
Families can only afford $15,000 and investors, who are taking the risk of demolition, will not extend more. Donated down payments help but insufficient to meet the 33K cost of a 3 bedrm. expandable home. (view small | med | large | orig)

Solution found! Families sign-off on design!

Solution found!  Families sign-off on design!
We found a way to do it: The Al Aqaba Community Credit Union (ACAHD) will invest 5K of villager's savings and also dig the foundations, villagers will help do painting and finishing. Will the Prime Minister's Land Guard program match into the Village's Credit Union Fund? We'll see. (view small | med | large | orig)

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Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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Organization

Project Leader

Karen Jamison

Accountant
San Mateo, CA United States

Where is this project located?

Map of Rebuilding Alliance Revolving Mortgage Loan Fund