To Buy Distressed Mortgages and
Provide Supportive Housing
About Skid Row
Skid Row Housing Trust is a 501(c)3 nonprofit established in 1989 on a mission to help people who have experienced homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction so they can lead safe, stable lives in wellness.
American Homeowner Preservation started as a 501(C)3 nonprofit in 2008 to help families at risk of foreclosure, and is now an alliance of for-profit companies on a mission to increase the homeownership rate for all to 75%, with a focus on helping very low-, low- and moderate-income families become homeowners.
Skid Row AHP will purchase distressed mortgages (with a focus on those set aside by government-sponsored agencies for sale to nonprofits), help keep families at risk of foreclosure in their homes, and a portion of earnings will support Skid Row Housing Trust’s mission.
Skid Row AHP is offering to sell securities to the public in what we refer to as an “Offering.” Our Offering Statement was filed with the Securities and Exchange Commission, which qualified AHP Title to raise up to $75,000,000 utilizing Regulation A+.
Ideally, we modify mortgages to ensure that the payment is affordable. Once timely payments are made for 6-12 months, we aim to resell the loan typically at close to 100% of the balance owed.
Alternatively, we offer other cooperative options such as a deed-in-lieu-of-foreclosure or a short sale.
If no resolution is achieved, we proceed with foreclosure but continue to try to reach a cooperative resolution.
Jorge Newbery, Founder & CEO, American Homeowner Preservation (AHP), brings social responsibility, innovation, and a willingness to do-the-right-thing to an industry dominated by companies who are comfortable with the status quo and unmotivated to adopt new technologies for needed change.