BIPOC Homeowner Stabilization Survey

Earlier this Summer we held a webinar about "BIPOC Homeownership Stabilization Programs". In collaboration with Grounded Solutions Network, a number of Shared Equity Homeownership programs are creating opportunities to enable current homeowners, some of whom may be exiting a COVID-19 related mortgage forbearance period, to avoid foreclosure or displacement with the choice to partner and become part of a local shared equity homeownership program. 

As we approach the end of the 18 months of mortgage forbearance periods allowed by the CARES Act, the number of borrowers in forbearance has decreased though 1.6 million homeowners remain in mortgage distress. However, this is only one way homeowners face housing distress and may not capture those who are facing other financial stressors, making difficult sacrifices, or increasing other types of debt to make their mortgage payments. The Census Bureau Household Pulse Survey data collected from August 18-30, 2021 reported that of the more than one million respondents who were eight months or more behind on their payments 180,000 (18 percent) thought it very likely and 275,000 (27.5 percent) thought it somewhat likely they would need to leave their home due to foreclosure in the next two months. 

While this data is not frequently reported by race or income level, we know that low-income Black and POC households are expressing the most insecurity around being able to make their mortgage payments and stay in their homes. We also know that historic practices of redlining and appraisal bias have fueled housing disparities and distress in Black and POC communities for generations. So with the compounding effects of COVID 19 and its disproportionate impact on Black and POC communities Grounded Solutions Network has been exploring an array of intervention options to help stabilize households most impacted by COVID 19. 

As we explore shared equity intervention strategies, we want to learn from you. Please take a few minutes to complete a short survey so we may gain insights into the causes of BIPOC homeowner distress in your communities.

2021 CLT Festival- Happening Now!

Sustainable Housing for Inclusive and Cohesive Cities (SHICC) and the Center for CLT Innovation are partnering to present the International Community Land Trust Festival, running from September to December 2021. The Festival will consist of a series of online events, some live and some prerecorded, and will include the first World CLT Day on October 29.

Registration is free and all events are translated into English, French and Spanish. Learn more below and see Grounded Solutions’ participation in the festival.

Registration Deadline- Tuesday, October, 19, 2021
Scholarship Application Closes- Tuesday, October, 12, 2021

Are you a shared equity housing practitioner looking to deepen your understanding of the relationship between race and shared equity housing? Are you interested in building your knowledge and skills to be a more effective advocate for racial equity? This course will focus on strengthening your capacity to understand and analyze racial inequity within your community and the housing ecosystem around you, while expanding your ability to address those inequities through program design and implementation.

This intermediate level course is best for individuals who are implementing or actively designing shared equity homeownership programs, and are interested in, but may be just beginning to explore, the racial equity implications of their work. A basic understanding of subsidy retention (or shared equity homeownership) is essential for success in this course.

New Report: Land Bank - Land Trust Partnerships

Land banks and community land trusts (CLT) are two entities that, in concert, can help reverse the trajectory of disinvestment and unlock a pipeline of VAD properties to provide much needed quality affordable housing for current and future generations. 

Places like Albany, New York; Atlanta, Georgia; and Columbus and Franklin County, Ohio are pioneering models of how these partnerships can support neighborhood stabilization and prevent displacement of vulnerable residents.

Download this report to learn more about: 

1. Land banks and CLTs; 
2. Promising models and examples of land bank and CLT partnerships from across the country; and 
3. What is needed to evolve and expand land bank and CLT partnerships.

Training Manager
Location: Remote

Executive Director
CLAM (Community Land Trust of West Marin)
Location: Point Reyes Station, CA

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

HomeKeeper users can now track housing counseling workshops and one-on-one counseling alongside homeownership programs.

Contact us to do a free demo of these features!

Interested in a free data assessment or demo of HomeKeeper? Click Here
 Join us at our next orientation or contact us today - Click Here!