Across the country public and nonprofit agencies have created a wide variety of programs that strive to bring the cost of homeownership down to a level that is affordable to working families. These programs make homeownership safely attainable for families who would otherwise be priced out. When run efficiently and effectively, they maximize the use of precious public resources and help families navigate the process to successfully owning their own homes.
While communities choose to balance their programs differently, many have found ways to ensure that homeowners experience life altering benefits from homeownership while simultaneously preserving the value of public investment for future generations.
Working with experienced practitioners from across the country, we have developed a set of voluntary Stewardship Principles intended to support greater effectiveness and overall higher quality in local programs. We have launched the Cornerstone Partnership to help practitioners incorporate these principles into their programs in order to make the most of their investment in affordable homeownership.
Cornerstone Homeownership Innovation Program (CHIP)
Cornerstone announces subgrantee awards to ten organizations! Go to www.affordableownership.org/chip to read more about the CHIP grantmaking program.