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American Opportunity Foundation
AOF: A Non-Profit Leader of Affordable Housing
Purpose & Focus
The purpose of the American Opportunity Foundation, Inc. (AOF) is to provide affordable housing throughout the United States through a charitable (non-profit) corporate structure. In addition, it is the mission of AOF to provide limited social services - including youth education, after school programs and elderly activities - in conjunction with its ownership of properties.
AOF's primary focus is acquiring multifamily properties utilizing tax exempt bond financing under the "Safe Harbor" provisions of IRS procedure 96-32. The bonds used to acquire these properties are either rated (by Standard & Poor's), enhanced (by FNMA or HUD) or are unrated. The ownership entity of a property, or group of properties, is usually a subordinate entity under AOF's group exemption letter.
E-MAIL: admin@aof-ahc.com
Copyright © 1999, AOF & Schott Consulting Services. All rights reserved.
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