TORONTO — Two Ontario non-profit affordable housing agencies have agreed to join forces under united leadership.
Options for Homes (OFH) is a non-profit real estate developer and Home Ownership Alternatives (HOA) is a non-profit financing corporation. OFH and HOA have worked together for three decades. A recent statement said their mission will be to build more homes by increasing the supply of high-quality attainable housing suites on the market.
Daniel Ger, CEO of HOA, served as Options for Homes’ chief development officer prior to joining HOA. Ger will take over leadership of OFH pursuant to a management services agreement, to help align their joint missions.
“While Options for Homes and Home Ownership Alternatives have worked in tandem to champion attainable housing for nearly 30 years, we have determined the best way to address the ongoing housing crisis is to bring our two organizations together under this agreement,” Ger said. “This will allow us to develop, deliver and expand attainable homes in our pipeline more nimbly and efficiently.”
After nine years, Heather Tremain has decided to step down as Options for Homes’ CEO.
“I believe Options is ready for an evolution and this is the next logical step for these organizations,” said Tremain. “I couldn’t be prouder of the work we have accomplished in the past decade and I’m confident these changes will allow OFH and HOA to operate even more effectively while building on the team’s track record.”
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