Landed provides a shared appreciation down payment assistance program that enables organizations to support essential professionals in achieving homeownership. By creating self-renewing capital pools, Landed addresses the lack of accessible housing support options for critical community members, enhancing their financial stability and community ties.
Funding
$49M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
LCFounders
Product
Problem
Many essential professionals and community members face significant barriers to homeownership due to the challenges of accumulating a sufficient down payment. Traditional housing support options often fall short in providing accessible and sustainable assistance, hindering financial stability and community ties for these critical individuals.
Solution
Landed offers a shared appreciation down payment assistance program designed to enable organizations to support essential professionals in achieving homeownership. Landed provides the infrastructure and guidance to launch and manage shared appreciation down payment assistance programs tailored to specific institutional needs. These programs create self-renewing capital pools, offering a sustainable solution that recycles funds as homebuyers exit the program. By reducing the down payment savings barrier without increasing monthly mortgage payments, Landed increases buying power and provides protection against depreciation.
Target Audience
Landed's primary customers include financial institutions seeking to meet CRA and DEIB goals, city and state governments aiming to support community revitalization, employers looking to improve employee retention, and investors interested in making a social impact through housing equality.
Features
- Turnkey program launch and management with minimal effort required from the organization.
- Flexible fund structure that can accommodate self-renewing funds under most market conditions.
- Expertise in housing market dynamics to optimize program design and implementation.
- Alignment with Community Reinvestment Act (CRA) and Diversity, Equity, and Inclusion (DEIB) goals for financial institutions.
- Government Sponsored Entity (“GSE”)-conforming programs that support Low-to-Moderate Income (LMI) customers.
- Shared appreciation model that benefits both homebuyers and funders.