(408) 986.9786

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Benefits To Home Buyers

 

  • 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.

 

Main Office

San Tomas Business Center Building # 5
2072 Walsh Ave, Suite B
Santa Clara, CA 95050
Tel: (408) 986-9786
Fax: (408) 986-9787

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