Homeownership built the American middle class – yet rising prices continue make it out of reach for millions of families. Homes for the Future offers a new, scalable path to ownership using a market-driven approach.
Rooted in community land trust and shared-equity models, Grounded Solutions Network’s innovative fund acquires portfolios of single-family rental homes and returns them to homeownership in partnership with community-based organizations. The homes remain rentals for up to 10 years. During that time, monthly payments and home appreciation pay down the loan and build equity, and rising incomes bolster the purchasing power of middle-income buyers.
At the right tipping point, homes sell to families at below market prices as part of a local shared-equity homeownership program. Investors recoup their initial investment plus a modest return, while the remaining equity remains in the community. When the home is resold, the shared-equity structure keeps it affordable in perpetuity – allowing families to build wealth while preserving long-term community affordability.
Capital raising is about validation. Having Wells Fargo and Enterprise put their resources behind our innovation is really the launch catalyst that we needed. Devin Culbertson, VP, Innovative Finance, Grounded Solutions Network |
Grounded Solutions Network is currently focused on implementing its innovation in the Atlanta market, working toward a portfolio of 75 homes. Home for the Future’s first investment supported the acquisition of a 283-unit rental portfolio in partnership with five nonprofit and philanthropic partners. It is helping transition a portion of the homes into shared-equity ownership.
The team is exploring opportunities to scale the model in Texas, Colorado, and North Carolina.
