This page provides brief information on the Ansar Co-operative Housing Corporation Ltd. (ACHC) and outlines general highlights.
How to become a Member
Maintenance of Active Membership
You must then buy at least 6 shares of $100.00 each in a calendar year in order to keep your membership active.
Shares may be sold through M.C.A. (minimum of six months of advance notice will be required for amount exceeding $40,000) or may be transferred / sold directly to another member of the Housing Co-operative.
Getting out of Existing Mortgage
The Housing Co-operative will help you to get out of "RIBA" by paying off your existing mortgage(s). In order to qualify, you will need shares equal to 10% of your outstanding mortgage(s) balance, invested in the Co-operative for at least six months.
Security of Investment