Impact

Measured in homes, not only returns.

Our impact is not a separate program. It is built into what we acquire, how we build and who we sell to, and we report it with the same rigor as our financial results.

How impact happens

One chain, from capital to a family's front door.

Every link is measurable, and every link depends on the one before it. When the chain holds, partners and families both benefit.

  1. Step 1

    Private capital

    Partners invest alongside our principals in a specific project.

  2. Step 2

    Distressed property acquired

    A vacant or failing building gains a responsible new owner.

  3. Step 3

    Restored to last

    Local trades rebuild it to a safe, durable, efficient standard.

  4. Step 4

    Sold to an owner

    A family moves into a safe, well-built home of its own, often its first.

  5. Step 5

    Stability built, capital recycled

    Households gain stability, owners build equity, and partner capital returns for the next project.

Why it matters

A good home is the foundation of a stable household, and ownership is still the surest path to wealth.

~40×the median net worth of homeowners compared with renters nationally
<1 in 3households own their home in each of our four core markets, against nearly 2 in 3 statewide
52%of county renters spend more than 30 percent of income on rent, leaving little room to save for a down payment

Sources: Board of Governors of the Federal Reserve System, Survey of Consumer Finances, 2022; U.S. Census Bureau, American Community Survey 2020–2024; Rutgers University, Essex County Rental Housing Profile, 2024.

What we measure

Six measures, reported on every project.

We chose measures that are straightforward to verify and difficult to overstate. Results will be published as projects close.

Homes delivered

Units restored or built and returned to the market, ready to live in.

First-time owners

Homebuyers purchasing their first home, as reported at closing.

Buyer assistance secured

Down payment and homebuyer assistance our buyers secure at closing, from public and private programs.

Vacancy returned to use

Vacant, abandoned or code-cited properties brought back into service.

Local trades engaged

Construction spending with contractors and trades based in Essex County.

Capital returned and recycled

Partner capital returned, and the share reinvested in the next project.

Making ownership attainable

A first home, within reach.

A price-attainable home depends on more than its price. We work with counselors, lenders and public programs so that qualified first-time buyers can close, and stay.

Down payment helpState assistance of up to $15,000 in Essex County, forgiven after five years in the home, plus local programs where available.
Homebuyer counselingApproved counseling agencies prepare buyers for the purchase and for the years of ownership that follow.
Income from a second unitIn a two- or three-family home, rent from the other units helps the owner qualify and carry the monthly payment.
A two-unit home near $500,000Illustrative
Monthly cost of ownership, about $4,800 to $5,000
Owner pays ~$2,800
Second unit rent ~$2,100
Rent for a comparable three-bedroom
~$2,760 a month
Down payment at 3.5 percent, and state assistance
~$17,500, up to $15,000 covered

The owner's share lands close to renting, while building equity. Rent comparison is HUD's fiscal year 2026 fair market rent for the Newark area. Assumes a 30-year fixed rate near 7 percent and local tax rates; actual terms vary.

A mother and her two daughters sitting on the front steps of their home

Neighborhoods

From vacant to valued, one building at a time.

A single vacant building can weigh on a whole block. When it becomes a well-kept home with an owner on the front steps, neighbors notice, and confidence returns.

We respect the character of each neighborhood: restoring original details where we can, building new where a lot stands empty, and keeping homes within reach of the families who already live nearby.

A hand turning a key in the front door of a home

Partnerships

Strong housing takes strong partners.

We work alongside the lenders, managers, counselors and public partners who help every home succeed over the long term.

Housing counseling

Approved counseling agencies that prepare first-time homebuyers for ownership.

Down payment programs

State, county and city programs that help qualified buyers close.

Community lenders

Banks and community development lenders offering mortgages suited to working families.

Cities and land banks

Public partners returning vacant lots and buildings to productive use.

Reporting

Impact reported with financial rigor.

Impact results sit in the same report as financial results, on the same schedule. We intend to align our measures with IRIS+, the Global Impact Investing Network's standard, so partners can compare results with other impact investments.

Where a measure cannot yet be verified, we will say so rather than estimate.

Every home we deliver is someone's foundation.

That is the standard we build to, and the reason we report it.

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Capital, lenders and communities, aligned.