Margery Spinney and Carol Smith founded Renting Partnerships in 2013 with the support of people and organizations in Cincinnati seeking to create a more inclusive and compassionate economy. They are the former Director and Property Manager of the Cornerstone Corporation for Shared Equity where they first established and implemented the concept of Renter Equity. When Margery first came to Cornerstone, in 1996, it was a small socially conscious investment fund helping to finance nonprofit housing groups and she was the sole staff. Cornerstone's functions were expanded to include her innovative ideas in three projects between 2002 and 2012. When Margery and Carol left in 2012, Cornerstone had implemented the renter equity concept in 59 units and residents had earned equity credits worth over $140,000.
A third party evaluation of the results of our work during 10 years at Cornerstone was conducted by the Corporation for Enterprise Development (CFED) and published by the Ohio Housing Finance Agency in 2013. It confirms
- "Positive impact on residents' lives in terms of their physical and financial security, their optimism about the future and their ties with their surrounding community."
- "Property management costs similar to comparable Low-Income Housing Tax Credit properties in the neighborhood, even after taking into account the renter equity credit costs."
- "A majority of residents stay five or more years."
- Click here to see the report or to find other media reports about these projects.
Our work is discussed in Yes! magazine.
This home was rehabilitated for Renting Partnerships in 2015 by the Coalition for Sustainable Communities.
More: Current Initiatives
help us build community and create new wealth
An loan or gift to Renting Partnership helps us acquire or develop housing so residents have assurance that they may remain in their home for a lifetime paying an affordable rent and building financial equity. For information, email email@example.com or call Margery Spinney at 513 368-5913.
Renting Partnerships: Equity for Renters