"In order to have a strong, vibrant community, we need to provide homeownership opportunities to the workers who make it a great place to live."

The only person who can provide a "home ownership opportunity" is the person themselves, by managing their own finances. You can't help a person afford anything, unless you're going to help them pay the mortgage every month.

I'd say that the make-up of your board of directors says it all - they're almost exclusively realtors, only interested in doing all they can to sell homes.....even to people who can't afford them. ("Hey, once I get my commission, what the heck do I care if the dummy gets foreclosed six months later?")

What a scam. It's about as believable as a website set up by auto mecahnics recommending a semi-annual tune-up.