renting Partnerships builds wealth
and conserves affordable housing for long-term renters
Long-term renters participate in management of quality housing that remains affordable, creating healthy communities and building wealth.
Households remain stable for at least five years, attend meetings and fulfill work assignments to offset expenses in the operating budget. The savings they create is reserved for future payments.
Each household earns financial credits as they fulfill commitments to the community. Credits vest after five years. In ten years, they can be worth up to $10,000.
Credits provide the financial resources lower income renters need to weather emergencies, pay off debt and meet other long term goals.
Dividend Housing is a new housing paradigm - an alternative to both owning and renting.
Renting Partnerships (a 501.c.3 nonprofit corporation) depends on charitable investments and loans to acquire and rehabilitate housing that rents about $400 below market rates.
Renting Partnerships owns and manages Dividend Housing to keep it permanently affordable and build wealth in low income communities.
Dividend Housing,prevents displacement, stabilizes families, empowers residents and creates more diverse neighborhoods.
to learn how you c
an align your investments with the promotion of economic justice and democracy for all, and the elimination of the racial wealth divide in Cincinnati, Ohio.
TEN YEAR EVALUATION
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