Vanjia Corporation
Vanjia Corporation ( formerly Vantone Realty Corporation) is a start-up company
incorporated in Texas on August 19, 2011. We are a development stage company.
Our aim to build affordable housing in the city of Houstons designated HOPE
and Workforce neighborhoods. Our future homes will have a variety of floor plans,
be energy efficient, and conveniently located. We have already acquired a vacant
lot in the Workforce neighborhoods. By providing affordable housing options,
our future homes will enrich the communities of Houston and revitalize the local
economy.
Our product is to build affordable homes in Houston’s designated Houston
Hope and Work Force Neighborhoods. The Houston Hope and Work force neighborhoods
were created by the Houston Housing and Community Development Department (HHCD).
The Houston HOPE Program strives to build strong and stable communities. Houston
HOPE provides financial assistance to potential home buyers who are in designated
Houston HOPE areas. We believe our future homes would be available for down
payment assistance to our potential clients who meet the specific criteria outlined
by the HHCD.
In order to qualify for the program, applicants must demonstrate the ability
to obtain a mortgage loan, demonstrate credit worthiness. The familys combined
income must be at or below 80% of the areas median income. Approved applicants
must also complete eight hours of home buyer education from a HUD-approved Housing
Counseling Agency. The applicant must buy a new or existing home from a list
of approved structures, invest at least $500 into the home-buying transaction,
and live in the home for 10 years to satisfy the program eligibility criteria.
Mortgage financing options through various selected lenders make it easier for
new home buyers to get the assistance they need. Families are eligible for up
to $30,000 in down payment assistance if they are not currently a property owner.
We will conduct affordable housing seminars to educate and draw publicity to
our future homes build in those designated neighborhoods. We intend to draw
the attention of first-time buyers to buy homes in the Hope of Workforce neighborhoods.
The regular seminars will focus on home buyer education and related topics.
Home Buyer Education classes will strive to provide first time and repeat home
buyers the information they need to make decisions when buying a home.
We are dedicated to providing quality, well-designed homes meeting the demands
of today’s home buyers. The product line offered depends upon many factors,
including the supply of existing housing and the demand for new housing in the
general area. In order to ensure that we meet the demand in the marketplace,
we will conduct qualitative and quantitative market research, including consumer
focus groups after the effectiveness of this registration statement. This research
will enable us to improve the linkage between the design of our homes and the
community development and meet the specific lifestyle demands of our targeted
home buyer. Our sources of raw building materials will mainly from local building
material suppliers such as Home Depots, Lowes. Home Depots and Lowes are both
publicly traded companies. Home Depots and Lowes do not set a minimum purchase
requirements for building materials and home appliances for homebuilders. We
do not have any material contracts or exclusive agreements with Home Depots
nor Lowes.
Our product is designed to appeal to the potential home buyers. We will use
external consultants that we believe are experts in their field to help perfect
our homes, often utilizing experts with knowledge in regional architecture,
exterior finishes and selections, or floor plan solutions that give our product
an added edge. We take a focus and design products not only specific to the
city in which they will be built, but to the individual neighborhood. Our aim
is to provide each home with features that make it appeal to a specific lifestyle
segment, while giving the plan flexibility through options and/or elevation
variety that will appeal to our home buyers. This will allow our home buyers
to feel as if we designed the house just for them.