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Our
Castle Homes has a meaningful mission. It is our goal to pool our
resources and experience to turn our vision into a reality of providing
affordable homeownership to working families who otherwise lack
the opportunity to become homeowners.
We are entrepreneurs who want to build a business,
not only to generate fair returns on investments, but to create
and provide a product that is fundamental to the "American
Dream," serving a customer base that is often overlooked the
sub-median income working family.
Homeownership is a time proven means to build equity
that hedges against inflation, builds wealth, and defines one's
permanence in the community. Pride of homeownership often promotes
stable neighborhoods and communities, where families co-exist and
support each other. But many times homeownership eludes families
who are sub-median income earners, affording them little option
except to rent, often requiring federal, state, and local programs
to mitigate the pressures of escalating real estate rental markets.
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We,
the principal stakeholders of Our Castle Homes, want to offer
a viable solution and a business opportunity that will refine the
term "affordable housing" in a free enterprise environment.
Our plan is to acquire expiring tax credit rental apartments
that have served well in providing affordable rental housing,
but are threatened with being taken out of the affordable housing
stock, and converting them to condominium units. We intend to
offer these newly converted and upgraded units to existing tenants
and/or other qualifying sub-median income families so that they,
too, are afforded the opportunity of homeownership. In most cases,
we believe they will be first time homebuyers.

Mike Wojciechowski, CEO, Frank McEnulty, President
and CFO, Robert Wang, Chairman
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