Defined by diversity, Mich Alta serves the community in which we do business. It’s no wonder that community organizations are inspired by our commanding presence in the hearts and minds of the people who matter most. Our grass roots approach to revitalizing the community one door at a time is evidenced by our investment in the community.
Rather than participating in the destructive investment practice referred to as “slash and burn” for short term gains, Mich Alta is here to make a difference. With hundreds of thousands of dollars paid in property taxes in addition to millions of dollars invested in acquisition costs we are here to provide affordable housing with the help of community organizations that want to make a difference. Mich Alta understands that economic and community development is not a sprint. It’s a marathon!
By utilizing strategic partnerships with government bodies and community organizations that specialize in advancing affordable housing initiatives we want to work with any organization that wants to join the ranks of our mission to make a positive impact.
Strategy
Focused on positive high impact investment strategies that create a conducive environment for non profit organizations with special and affordable housing needs for the communities in which they serve the public. With over 700 houses in Mich Alta’s portfolio that covers most major metropolitan areas throughout the Midwest we are determined to help thousands families achieve home ownership through our strategic partnerships all over the United States.
By working to address the affordability challenge, Mich Alta is committed to creating opportunities for prospective home owners that have completed the Michigan State Housing Development Authorities requirements for the Mortgage Credit Certificate and Home Buyer Counseling Program and others like it. This in conjunction with several other programs offered through all levels of government designed to help individuals achieve home ownership is how Mich Alta will drive tomorrows’ real estate market to recovery.
Most Important Strengths and Core Competencies:
Mich Alta is backed by its’ parent company Cal Alta. With over ten million dollars in assets liquidity is our most important strength as a real estate investment firm. Our core competency is experience. With over 20 years of growth in landmark developments ranging from commercial, industrial, residential and multi residential projects not only in North America but around the world we have what it takes to take on most challenges in just about any market.
Strength is not measured through its success alone. It is in large based on the process that allowed the success to occur. We firmly believe this to be vital to our success as evidenced by our network which ultimately has created our net worth. Working within the web of the private and public sector has its own challenges. It’s our ability to identify these challenges and create the solutions that are mutually beneficial that establish our most important strengths at the core of our competency in business.
Long Term Initiatives:
Responsible neighborhood stabilization can only be accomplished by giving neighborhood residents an opportunity to sit at the table while fabricating our investment strategy. We have already begun to do this through our community outreach initiatives through local churches and nonprofit organizations that specialize in Home Buyer Counseling. Our core long term initiatives are as follows:
Do Better than Business as Usual; In order to stabilize the community we need the involvement of all key players that are willing to work with us on a massive scale to establish sustainable and responsible solutions that provide an opportunity for residents to have an active role in learning about home ownership and having a voice in how their new home and revitalized neighborhood will be improved upon.
Create More Than a “One Size Fits All” Solution; In the real world many of the programs and public funding requirements are not practical and therefore we need the participation of law makers that are willing to make the tough decisions to get involved and fight for the people that need it most. Often times citizens are under represented at the table when these decisions were first passed into law.
Put the PEOPLE FIRST; Our strategy is designed to minimize the negative impact of community redevelopment and maximize the opportunities created by our activity in the communities in which we do business. Education, is more than just handing a pamphlet to a potential home owner and telling them to read it. Seeing to it that they understand the importance and urgency of their involvement in the community is the only way to ensure that residents have a place at the table where decisions are made as to how their community will be redeveloped. Purchasing a home is much more than just making a monthly payment. To ensure sustainable growth and responsible homeownership we have to educate them on the importance of home maintenance, fiscal responsibility and all of the public resources that they may possible tap into to make it and keep it affordable. Low income families working with responsible community organizations are the building blocks to the foundation of sustainable growth. Learning the lessons of the foreclosure crisis and applying that knowledge is the key to tomorrows recovery one door, one family at a time.
