Homeownership Alliance

The Homeownership Alliance is a new initiative from the National Community Stabilization Trust. The Homeownership Alliance will advocate for more resources and better policies to increase affordable homeownership opportunities for American families. 

The Homeownership Alliance’s members comprise some of the leading nonprofit, mission-focused homeownership practitioners from across the country.  These organizations prepare families to become successful homeowners and finance, renovate, and develop affordable homes that are assets for communities and the families that live in them.

“The organizations in the Alliance share the belief that in the United States, homeownership has long served as the most accessible path for families to build assets,” stated Atlanta Neighborhood Development Partnership President and CEO John O’Callaghan, one of the founding members of the Alliance.

Mission-driven affordable homeownership developers and lenders can work with families to get them ready for homeownership. They expand the supply of affordable homes by financing, renovating, and building homes that are assets for communities and the families that live in them. Mission-driven homeownership practitioners need a voice in Washington that advocates for new resources for homeownership, improvements in existing programs and the growth of the capacity of non-profits that operate in this sector. 

The Homeownership Alliance will focus on both legislative and regulatory opportunities to increase funding for affordable homeownership by improving and expanding existing programs and creating new sources of funding. Guided by its members, the group’s advocacy will reflect the experiences of and lessons learned by some of the nation’s most innovative and resilient homeownership developers and lenders.

Principles for Homeownership Alliance

  • The Homeownership Alliance has been created by nonprofit, mission-focused homeownership practitioners to advocate for more affordable homeownership opportunities for families. 
  • Our coalition seeks to expand and improve existing sources of subsidy and to create new programs that support affordable homeownership. 
  • It is time for a renewed emphasis on helping more families enjoy the stability and asset-building benefits of owning their own home with a fair and sustainable mortgage. 
  • In many areas of the country it is cheaper for a family to own their own home than  to continue to rent.
  • Affordable homeownership can be a cost effective way to use housing subsidies to both provide housing stability for families and help them build assets.
  • In the US, homeownership remains the largest driver of significant racial inequities in family wealth over time and increasing homeownership among communities of color is an effective strategy to lessen inequality. 
  • The Homeownership Alliance is focused on homeownership but supports the full spectrum of housing assistance from housing with supports to help the homeless, to rental assistance to sustainable homeownership.
  • In some areas of the country, homeownership programs with permanent affordability make the most of limited resources.

The Homeownership Alliance has 21 Founding Members:

(As of August 27, 2020)

In addition, 11 national partners will participate in the Homeownership Alliance’s policy development and advocacy:

Over time, NCST anticipates adding more members and national partners to this exciting initiative.

For more information or interest pertaining to your organization joining the Alliance, please contact Kris Siglin, NCST’s Vice President of Policy and Partnerships, at ksiglin@stabilizationtrust.org


Urban Institute| Sunset Seminar : Barriers to Homeownership

Urban Institute | State of and Barriers to Minority Homeownership: Testimony before the Housing, Community Development and Insurance Subcommittee from Alanna McCargo

Urban Institute | Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability

The Harvard Joint Center for Housing Studies