National Policy CTA, Upcoming Trainings, News from the Field

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** ACT NOW: Housing is Infrastructure
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The time to act is now. We must tell Congress that housing must be included at a robust funding level in the $3.5 trillion package that will move through the reconciliation process. In particular, we must advocate for the Housing Is Infrastructure Act of 2021 is included in the reconciliation bill, which was introduced by Chairwoman Maxine Waters to set forth the House’s comprehensive vision for housing resources that prioritize racial equity. In the Housing Is Infrastructure bill, the following components would be able to support shared equity homeownership:
* $35 billion for HOME
* $15 billion for CDBG
* $10 billion for Restoring Communities Left Behind (RESTORE)
* $10 billion for Downpayment Towards Equity (DPTE)

Use These Resources to Act Now ([link removed])


** Spotlight: Durham Community Land Trust
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** Shelterforce - Linda Childers
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Working in one of the oldest and largest historically Black neighborhoods in Durham, the Durham Community Land Trustees aims to keep housing affordable for generations of homebuyers. How are they doing it?
Read the Article ([link removed])


** Wealth Building Outcomes of Shared Equity Homeownership Programs
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Do shared equity homeownership programs help generate significant wealth for families? A new study led by a team of researchers from the University of Washington and University of California at Berkeley – and supported by Grounded Solutions Network – addresses this common inquiry asked by many advocates, housing practitioners, and prospective shared-equity homeowners. The research team employed the most rigorous method to date to quantify home equity gains for over 1,100 families who previously resided in shared-equity programs (majority of which are community land trusts) and compared these gains to wealth accumulated by homeowners in market-rate homes and renters with similar demographic and economic status during the same period of time. The comparison was achieved using data from the HomeKeeper National Data Hub. HomeKeeper, a program of Grounded Solutions Network and Salesforce app, is a program management tool that not only facilitates daily operations for over a hundred shared
equity homeownership and housing counseling programs, but also collects and aggregates critical information that allows performance monitoring and outcome evaluation.

The study finds that shared-equity homeowners experienced a median net home equity gain of $1,658 per year. This amount is substantially higher than the $100 in median annual wealth gain of similar renters. In addition, while it is less than the $2,080 in median annual housing wealth gain accumulated by similar owners, this discrepancy is not statistically different.

To put the finding into perspective, the estimated amount of housing wealth built by shared-equity families is more than 1.5 times the median net worth of renters ($6,000 as of 2019) and represents an amount sufficient to put a 5% down payment on a $200,000 house. The study demonstrates that shared equity homeownership programs can be an effective wealth-building tool, particularly among low- and moderate-income households who often have limited access to other homeownership opportunities.

This study was published by the academic journal Housing Policy Debate
Read the Study ([link removed])

For a comprehensive evaluation of shared equity homeownership programs conducted by Grounded Solutions Network, see this working paper published by Lincoln Institute of Land Policy
Read the Working Paper ([link removed])
Learn More about HomeKeeper ([link removed])

Training Institute Online:
Training Institute Online Fall Series


** Courses start Monday, September 13th
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Grounded Solutions is pleased to offer 4 of our most popular courses in a condensed, 2-week series this upcoming September. Our courses are designed to be interactive, delivering content, facilitating discussion and encouraging learning in an engaging virtual format. This is a great opportunity for new practitioners, onboarding new staff, or otherwise dedicating some quality time for professional development.

Community Land Trusts for Homeownership: Basics & Beyond (Monday & Tuesday, Sept. 13th & 14th)

Affordable Pricing & Resale Formulas for Shared Equity Homeownership (Wednesday & Thursday, Sept. 15th & 16th)

Pre-Purchase Stewardship for Shared Equity Homeownership (Monday & Tuesday, Sept. 20th & 21st)

Post-Purchase Stewardship for Shared Equity Homeownership (Wednesday & Thursday, Sept 22nd & 23rd)
Learn More and Register ([link removed])
Member Job Listing:


** Chief Executive Officer
Partners for Better Housing
Location: Northern Arkansas MSA
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Learn More ([link removed])
Member Job Listing:


** Director of Homeownership and Stewardship Services
Homestead Community Land Trust
Location: Seattle, WA
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Learn More ([link removed])
Member Job Listing:


** Finance and Asset Manager
Island Housing Trust
Location: Vineyard Haven, MA
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Learn More ([link removed])


** Does your organization have a housing counseling program?
Looking for a new HUD CMS?

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** HomeKeeper users can now track housing counseling workshops and one-on-one counseling alongside homeownership programs.
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Contact us ([link removed]) to do a free demo of these features!
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Watch our new video to learn about HomeKeeper!

Learn More ([link removed])


** Interested in a free data assessment or demo of HomeKeeper? Click Here (mailto:[email protected]?subject=Question%20about%20HomeKeeper)
Join us at our next orientation or contact us today - Click Here! ([link removed])
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**
Where we live matters.
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** We bring together an extensive network of partners and member practitioners from local communities who have a deep understanding of best practices in community land trusts, shared equity housing, local housing policies such as inclusionary zoning, and more.

At Grounded Solutions Network, we know what policies and strategies work to build and preserve housing opportunities, and we help communities use them.

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