Renting Partnerships

Mission Statement

Our mission is to develop and own housing as a means for renters to participate in cooperative management, keep their payments affordable and build financial credits. Our pioneering model, Rental Equity, overcomes barriers to wealth building for low income households by not requiring individual mortgages. The nonprofit organization, Renting Partnerships, owns the housing and sustains a unique management system. Leases contain agreements to meet monthly, take part in upkeep and stay at least five years. These actions mitigate expenses in the typical rental housing budget for vacancy and turnover. The savings is used to fund financial credits. Because residents do not have to buy and sell units to build financial equity, they can stay long term, invest themselves in their community and experience transformative growth: physically, intellectually, spiritually, and economically.