THE
CHALLENGE:
END POVERTY 2015 MILLENNIUM CAMPAIGN We will have time to
reach the Millennium Development Goals - worldwide and in
most, or even all, individual countries - but only if we
break with business as usual. We cannot win overnight. Success
will require sustained action across the entire decade between
now and the deadline. It takes time to train the teachers,
nurses and engineers; to build the roads, schools and
hospitals; to grow the small and large businesses able
to create the jobs and income needed. So we must start
now. And we must more than double global development
assistance over the next few years. Nothing less will help
to achieve the Goals.
United Nations Secretary-General
THE AFFORDABLE HOUSING SITUATION ACROSS THE GLOBE:
There is a growing demand of SEVERAL HUNDRED MILLION AFFORDABLE
HOMES & EMERGENCY SHELTERS worldwide, which most
Governments are unable to comply with.
In addition, Hurricanes and other natural disasters across the world
have destroyed much of the local housing areas and due to
the high cost of home ownership and rebuilding existing
homes, it makes it difficult for many local residents to
rebuild their existing property or build a new home.
EQUITYS CONTRIBUTION:
A (CHRISTIAN)
COMMUNITY DEVELOPMENT TRUST & MUNICIPALITY PAYMENT PROGRAM
EQUITY CHRISTIAN COMMUNITY DEVELOPMENT TRUST (EquityTrust)
is a 501c nonprofit organization and a licensed Trust under the Secretary of State
of Wyoming under License No. 2008-000550265. EquityTrust
in partnership with 21st Equity Homes Manufacturing Inc.
services residents and prospective home buyers across the
world with affordable housing programs. These programs enable
our COMMUNITY MEMBERS to build the home of their choice
today with either little or NO
money down.
OUR
MISSION:
EquityTrust mission is to establish community funded home
manufacturing plants in various jurisdictions around the
world to build truly low cost, affordable homes and emergency
shelters for all low cost housing needs. Our home manufacturing
technology will enable Communities, Churches, Unions and
their members, NGOs, the United Nations, the Red Cross,
Caritas, the World Bank and Governments worldwide to respond
to disasters and emergencies within 24 hours! And allow
for more effective long-term support of recovery efforts,
which helps families affected by disaster to resume their
normal daily activities independently. With our technology
we are able to build and erect 300 TURNKEY housing units
per day! In addition, our technology combined with our
Micro Financing and Interest Free Loan programs helps to
reduce poverty and increase the living standards of many
nations around the world.
We can build a 36m2 Villa
in a Box - Signature Line turnkey in only 8.5 hours for as low as $7,740.00 and the quality
is excellent!
The
SIPs, and E-Panel production plants provide a huge cost
advantage at a regional and international level, making
21st Equity Homes product lines even more competitive against
incumbent brands. 21st Equity Homes also ensures that their
global licensees, will maintain rights to the SIPs, and/or
E-Panel System in any country in which a production plant
is built for no less than 25 years.
As
a guide, our standard range of low cost In-the-Box buildings
include:
- 1-bedroom,
incl. kitchen & bathroom (25m2 or 269 sq. ft.) USD$ 5,900
- 2-bedroom,
incl. kitchen & bathroom (36m2 or 387 sq. ft.) USD$ 7,740
- 2-bedroom,
incl. kitchen & bathroom (43m2 or 462 sq. ft.) USD$ 9,610
- 3-bedroom,
incl. kitchen & bathroom (65m2 or 700 sq. ft.) USD$18,385
THE
SOCIAL INVENTION: COMMUNITY
FUNDED HOME MANUFACTURING PLANTS
EquityTrust has
created a powerful community-managed home development program
for Member owned Factorys and Micro Credit Institutions
managed by EquityTrust, in collaboration with 21st Equity Homes
Manufacturing Inc. Community Members would pay a monthly
membership fee of just $14.95 and these funds go into our
community development trust program for each particular
jurisdiction and planned factory establishment.
At
the same time EquityTrust
offers each member a part ownership in each factory through
the annual membership program, with the direct benefit of
getting 50% profit share from each community funded factory
and 25% discount on every affordable home the member buys
in the future. Our members must agree when they order
a house with a 25% discount that occasionally it maybe be
used as a Show House to let other community members see
the quality of a 21st Equity Home. In addition, EquityTrust
offers members an Interest Free
Loan Program, Micro Financing and a Financing Guarantee
Program for all mortgage needs as part of the membership
package, even if the member would not qualify for any mortgage
under normal terms.
21st
Equity Homes works closely with private individuals and
the corporate world allowing them to get involved by becoming
founder members and/or corporate sponsors for home manufacturing
plants. The factories can build not only affordable homes,
but also schools, kindergartens, hospitals and provide next
to home ownership micro financing and Interest Free Programs.
GIVE
a man a fish, and you feed him for a day. Teach a man to
fish, and you feed him for a lifetime.
This
saying illustrates the truth that simply filling an immediate
physical need may be of limited value. It is even better
to help people learn how to solve problems and address their
own needs. Many people need to be taught life skills or
even an altogether different outlook on and approach to
life. By establishing community-owned and community financed
home manufacturing plants, 21st Equity Homes is supporting
the need of solving the shortage of affordable homes with
a long term vision.
WHAT
IS THE PRODUCTION CAPACITY PER PLANT?
MEDIUM
SIZED PLANT:
The
Production Capacity of a medium sized manufacturing plant
is 20,000 to 25,000 homes per year based on 46 working weeks.
MEGA
PLANT:
The
Production Capacity of a Mega factory is 100,000 to 125,000
homes per year based on 46 working weeks.
THE STRUCTURE OF EACH COMMUNITY DEVELOPMENT TRUST
Each Community Development Trust is a division of EquityTrust.
50% of the profits are either distributed to its members
or must be used for the further benefit of the local community.
The membership of the trust is drawn from a geographically-defined
area; for example crisis zones, which have been damaged
by Hurricanes or other natural disasters, or simply areas
where there is a strong demand for low cost, affordable
housing units. Members may be both individuals and corporations
in the area.
The board of the Trustees is made up of representatives from the
public, voluntary/community and private sectors; these (along
with individuals and additional founder if appropriate)
may be elected from voting sections of the membership.
The board is the policy-making body, and is unpaid; paid staff
may be employed to carry out the day-to-day operations of
the trust. EquityTrust may set up subsidiary organizations
to further its objectives, for example trading companies
whose profits are given back to the trust.
THE MUNICIPALITY PAYMENT PROGRAM
To support local Governments and their citizens in need, EquityTrust
has created a straight forward Municipality Payment Program,
which allows the local Government to pay with Government
Bonds for any of their public low cost housing projects
and/or any other structures such as the building of schools,
kindergartens, hospitals and/or affordable housing for Army
& Military Personnel.
By accepting Government Bonds as form of payment, we help
the local authorities to build their planned community and
social housing projects faster without any out-of-pocket
expenses.
THE AFFORDABLE HOUSING PROGRAM
The board of trustees of EquityTrust in partnership with 21st Equity Homes Manufacturing
Inc. offers the establishment of Community Development
Trusts to build low cost and truly affordable homes
worldwide including the establishment of various manufacturing
plants under the companies 21st Equity Homes brand.
EquityTrust offers to prospective home buyers who have a
steady income but do not qualify for a mortgage a Interest Free Loan Program in collaboration
with its international funders. These products are tailored
towards the affordable housing market providing low cost
homes and apartment units for the Next Generation of home
buyers such as young families and low income groups. This will help to improve the social
and economic development of many nations and improve its
living conditions especially for low income groups by increasing
social and affordable housing.
Consumers will enjoy savings of 50% to 60%
when purchasing a new EquityTrust Home utilizing the companies revolutionary
technologies. The Company has developed its business
model and strategic plan over the course of the last two
years as the need for Affordable
Homes combined with a possible Interest
Free Program for low to mid-market property target
groups became apparent.
Why Affordable Housing?
Because affordable housing is a growing problem
across the world!
The
lack of affordable housing is a growing challenge experienced
by many communities, and the problem is continuing to escalate.
Evidence of this is found in:
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1.
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Growing waiting lists
for subsidized rental housing
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2.
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Record low vacancy rates
in many communities
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3.
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Rapidly escalating costs
in ownership housing
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4.
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Increases in homelessness
as shown by drastic increases in the number of people
living on the streets in a number of urban centers
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The
importance of high quality, safe, stable and affordable
housing is becoming apparent to increasing numbers of agencies
in society. For example, police forces, educators, social
service providers and health workers are realizing there
is a direct correlation between the quality and availability
of appropriate housing in a community and the well-being
and functional capacity of that community.
This
problem is fueled by a number of factors, including: dramatic
cuts in funding for social housing by senior orders of government;
the inactivity of the private sector in constructing new
rental housing; and the significant decline in traditional
affordable housing alternatives. High growth areas worldwide
are experiencing particular difficulty meeting the demands
for affordable housing in their community.
On a social & economic level
High
housing costs hinder economic development: residents spending
too high a proportion of their income on housing have less
money to spend on other goods and services, resulting in
significant loss of revenue to local business; high ownership
costs and lack of rental accommodation mean than many people
who want to buy or rent cannot, potentially creating a less
stable work force; housing that is too expensive for average-income
households makes it difficult to attract and recruit qualified
workers; labor shortages can mean higher construction costs;
high housing costs may deter businesses from establishing
or locating in the region; and people, including children
who grow up in a community, who want to find housing they
can afford or improve their housing conditions may have
to move away.
High
housing costs impact health care and social service costs,
already a significant portion of provincial and federal
budgets. Yet without adequate housing it is difficult for
an individual to maintain health, to access health services
or be able to make use of available services. Interventions
required for those who do not have adequate housing are
generally some of the most expensive in our social welfare
system (e.g., health care, income subsidy, and the justice
system). The provision of safe, stable housing can reduce
many of these costs.
The Affordable Housing Program:
The market opportunity for
affordable Housing Programs
is from various key groups:
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1.
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Renters
who currently pay rent equal to mortgage payments
if they were to purchase an affordable home.
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2.
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Families
who currently own a substandard home (home with major
structural defects, insufficient size for household,
home in unacceptable location, e.g., distance from
employment, deteriorating or blighted neighborhood).
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3.
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Next
Generation Families/Single Households who just start
with their first home and cant afford to pay high
prices as offered on the local market.
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4.
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Army
Personnel who needs a long term financing program
for their affordable homes, whereby 21st Equity Homes
would be holding the title in escrow until final payment
is made.
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5.
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Disaster
Victims who need a quick and affordable housing solution
to enable them to overcome the crisis under proper
living conditions.
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6.
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Unions,
Churches as well as Universities and their Members
who need a long term affordable housing solutions
including financing packages.
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There is a substantial market
opportunity for EquityTrust Homes in identifying prospects
from these groups and providing assistance in securing financing
through conventional bank loans and through EquityTrust Interest
Free Program.
The board of trustees is confident
that innovative programs such as the Interest
Free Purchase Program will greatly enhance the
prospects of these individuals to purchase affordable homes.
The universe of potential trade-up buyers represents and
even larger potential than selling to renters. The market
potential could be twice as large.
To date, affordable housing initiatives
have had limited success because homebuilders and developers
do not perceive that the market contains profitable opportunities
and there has been a lack of top-level coordination of government
housing policies, programs, and resources. With
demographic change driven increases in potential demand,
a dwindling supply of existing houses, particularly in urban
areas, and limited competition, the affordable housing niche
appears to represent an excellent opportunity.
To exploit the opportunity EquityTrust and 21st Equity Homes will combine
efficient manufacturing and construction processes with
an outreach program to identify buyers and provides a full
range of real estate and special credit services for prospective
home buyers.
Key components of these programs
are communicating to potential buyers that affordable housing
can be purchased at a monthly rate equal to, and sometimes
lower, than what they are currently paying in rent and assisting
those buyers in securing down payment money and mortgage
commitments.
The companies planned initiatives
that could expand or facilitate access to the market are:
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1.
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Streamlining
and publicizing methods to obtain vacant and abandoned
lots for use by potential buyers in order to provide
housing that is affordable for low to moderate income
families
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2.
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Development
of mortgage finance products for first-time homebuyers
with impaired credit or no credit history
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3.
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Real
estate tax relief for an initial period (i.e., the
first five years) to first-time home buyers
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4.
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Implementation
of tax-exempt land trusts for first-time home buyers
who plan future home development
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In order to capture this trade-up
market, amenities such as building sites available in desired
neighborhoods, good floor plans, quality construction and
a simplified purchase process will be required.
Note that demand for affordable
housing worldwide is expected to outpace population trends
as the primary groups served, e.g., new generation of home
buyers are growing faster than the population in general.
FIVE-YEAR STRATEGY
For
the prefabricated
House in a Box System, the area of greatest growth is
expected to be the affordable housing market. According
to market research and the official numbers from the various
National Statistics Offices in
USA, Europe, Middle East, Asia, Pacific Rim, and Africa,
the target groups are projected to be several
hundred million housing units per year.
VISION STATEMENT
The Companies vision is to ensure adequate and affordable
housing to vulnerable groups by providing a wider range
of services and financing schemes and at the same time to
become a market leader in
providing truly affordable EquityTrust Homes throughout the world.
Offer Government Housing Departments and their citizens
a multitude of other value-added services such
as Bridging Loans, Financial Guarantees and Interest Free Loans.
Background on 21st
Equity Homes Interest Free Home
Loan Program
21st
Equity Homes seeks to help those
kinds of prospective property buyers to whom the affordable
housing market is attractive, through
a unique and exciting program that enables them to move
into the home of their choice today -- on a interest
free loan basis -- and improve their lives.
Management calculates that the Companies prefabricated House in a Box System is
expected to reach a conservative and carefully calculated
market share of 3% to 4% during the next 5 years from the above mentioned population groups. Assuming
that at least 10% of the population falls into the category
of affordable housing, then the Company would have a potential
market of 50,000,000 up to 80,000,000 affordable home units,
which could be sold into the international markets.
Home Protection Plans for Home
Buyers
21st Equity Homes insures prospective home buyers
against unforeseen circumstances by providing insurance
and surety bonds in the form of Mortgage Redemption Insurances
and Mortgage Protection Plans covering mortgage payments
for up to 24 months from third party provider such as GE
Finance.
This is a WIN-WIN-WIN situation that benefits everyone involved
-- the client, the seller, the Realtor, the lending institution,
21st Equity Homes and its Investors/Partners and Shareholders.
21st Equity Homes offers
a Interest Free Home Loan Program
21st Equity Homes
offers a unique Interest Free Loan program that allows clients
to choose the home they want and move into it immediately
- despite the obstacles and uncertainties that stop many
would-be home buyers.
- No down payment
- Credit problems
- Self employed or underemployed
- Nontraditional household
- Non-permanent Resident Alien
- Possible job change or relocation
- Need to sell a former home before moving into the next
one
21st Equity Homes assists clients to get into the home
of their choice today by providing interest free loans to
the client for approximately one to fifteen years with full
transfer of title deed from the first day.
Financial
Industry Receives 10 Times More Money in 1 year than Poor
Countries Receive in 49 Years!
Ahead of UN General Assembly's
high-level summit on the economic crisis on June 24-26,
UN Millennium Campaign says new analysis indicates that
finding money for aid is a matter of political will - not
lack of resources - and calls on donors to finally meet
their aid commitments
June
23, 2009 - The United Nations Millennium Campaign
today released an analysis showing that since the
inception of aid (overseas development assistance)
almost 50 years ago, donor countries have given
some $2 trillion in aid. And yet over the past
year, $18 trillion has been found globally to bail
out banks and other financial institutions.
The amount of total aid over the past 49 years represents
just eleven percent of the money found for financial
institutions in one year. The UN Millennium Campaign
is urgently calling on rich countries gathering
at this week's high-level summit on the economic
crisis to make no further excuses that they lack
resources and to urgently deliver on their aid commitments.
"The stark contrast between the money dispersed to the
world's desperately poor after 49 years of painstaking
summits and negotiations and the staggering sums found
virtually overnight to bail out the creators of the global
economic crisis makes it impossible for governments to
any longer claim that the world can't find the money to
help the 50,000 people who are dying of extreme poverty
every day," said Salil Shetty, Director of the United
Nations Millennium Campaign. "This is a straightforward
question of political will. Rich countries' priorities
will become crystal clear at this week's summit on the
economic crisis, where we hope they will finally deliver
on the aid they have repeatedly pledged but not delivered
to those who need it most."
Worse still, the global economic crisis is expected to
further impact the delivery of aid to poor countries at
a time when the need is greatest. Already, the consequences
of the crisis, caused by the richest people in the richest
countries, are being disproportionately borne by poor
countries. According to the Food and Agriculture Organization,
the economic crisis has resulted in 100 million more people
going hungry, taking the total number of hungry people
in the world to a staggering one billion. At the same
time, only $9.4 billion of the $28.3 billion -- less than
a third -- pledged at the Gleneagles Summit in 2005 to
be delivered to Sub-Saharan Africa by 2010, has actually
been delivered.
The Millennium Campaign believes any discussions of a
new financial architecture must be inclusive of the voices
and needs of the poor. The Campaign is therefore
calling on donor countries to immediately and unconditionally
do the following:
- Urgently agree to a timetable to accelerate delivery
of their aid commitments.
- Make rapid progress toward achieving the Paris Declaration
and Accra Agenda to simplify and streamline aid, including
a clear timetable for implementation of existing commitments.
- Reduce and/or eliminate all trade-distorting agricultural
subsidies.
- Ensure that poor countries are fully represented in
all decision making bodies and in the restructuring
of the global financial infrastructure.
The Millennium Campaign is calling on poor countries
to immediately do the following:
- Ensure that national development policies and plans
are pro-poor and focused on women and excluded groups.
- Prioritize expenditures on the Millennium Development
Goals.
- Ensure accountability and transparency in the management
of public money.
- Prioritize domestic resource mobilization.
Go to www.youtube.com/mcampaign
to watch the videoclip.
Note to editors:
The UN Millennium Campaign was established by the UN
Secretary General in 2002. The Campaign supports citizens'
efforts to hold their governments to account for the achievement
of the Millennium Development Goals. The Millennium Development
Goals were adopted by 189 world leaders from the north
and south, as part of the Millennium Declaration which
was signed in 2000. These leaders agreed to eradicate
extreme poverty and its root causes by 2015. Our premise
is simple: we are the first generation that can end poverty
and we refuse to miss this opportunity. For more information,
visit www.endpoverty2015.org.
