Renters Get One Step Closer to Homeownership With This Innovative Program [yesmagazine.org]

Alicia Doktor 6/27/1812:00 PM

In Cincinnati, a unique housing option is allowing low-income renters to participate in the management and upkeep of their homes as a way to earn dividends they can cash in later.

Margery Spinney and Carol Smith founded Renting Partnerships in 2013 to help organize affordable housing communities for those with few choices.

“There’s never going to be enough government funding to provide affordable housing for everybody,” Spinney says. “We are not replacing homeownership and we’re not going to replace renting. We’re really creating a third kind of housing.”

[For more on this story by Shaima Shamdeen, go to http://www.yesmagazine.org/iss...ive-program-20180626]

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