Mission Statements

[Patrick Ryan]

Hey all!

I'm in the process of building my business plan. I live in Washington, DC, so I'm only just beginning my research. Going to a few condo open houses tomorrow to initiate my market research.

How did you all develop your business plan, specifically a mission statement? I'm probably moving to Massachusetts in the next year and a half, but I want to develop some fundamentals for any market.

Thanks,
Patrick Ryan

[Michele Fischer]

Hi Patrick.

I can share our statement:
Provide affordable, clean, and safe housing to lower income tenants. Treat applicants and tenants with dignity while preserving the value and financial return of properties.

In shorthand, we say "safe and clean" and apply all decisions against that.

I'm not sure how we got there though. We chose a low income neighborhood that is being revitalized, so that got us to low income, and the rest kind of evolved. Narrowing to a 40 block area helped us a lot to stay focused.

Not sure if that helps any.