Owner a Home for our Citizens should be a Right not just a Privilege
Create Canada’s First Housing Bank to offer mortgage Loans to Canadians who are low income and been rejected disqualified by Traditional Banks for mortgage loans.
To offer mortgage loans up to 40 years
To offer mortgage fixed rate at 2%
Homes purchased using this mortgage Loans cannot be sold for the first 10 years of ownership to prevent house flippers from taking advantage of this Program
Maximum loan for urban areas is set at one million dollars
Maximum loan for rural areas is set at eight hundred thousand dollars
President/Ceo of this Bank’s Tenure will be 5 years non-renewable
President/Ceo of this Bank’s Salary will be set at two hundred and fifty thousand dollars on first year, and will increase based on “yearly inflation rate only”. No other financial compensation permitted
First President/Ceo of this Bank will be hired by the Public (by Public Jury Hiring Committee)
