And, taking a leadership role gave RMMHA the foothold it needed in this new market.
RMMHA is in the process of securing permanent financing, possibly from a consortium of lenders through Utah Community Resource Corp.
RMMHA also will seriously consider contracting with local third-party management firms to handle the property management side of business in its expansion areas.
There, RMMHA, operating as Arizona Mutual Housing Association, financed the $20.
RMMHA opened an office and hired Gloria Munoz as its state president.
According to Sullivan, acquisitions in Nevada, Idaho, New Mexico and Montana are planned and RMMHA has begun looking for the combination of local, experienced staff leadership, properties and financing.