CEO of Options For Homes
Tremain oversees a non-profit organization that is part developer and part real estate fairy godmother—she provides solutions to the affordable housing crisis. Options kicks in as much as 15 per cent of the value of one of their condos (buyers pay the other five per cent), then reclaims the same percentage when the owners sell. These shared-equity loans caught the attention of the feds, who brought Tremain in to advise on their First-Time Home Buyer Incentive, a strikingly similar model that took effect in September. Up next: Construction on Options’ Weston Village development, where 60 per cent of the 232 units are family-sized.