Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities.
In this episode, Jim sits down with Kevin Nowak, executive director at CHN Housing Partners in Cleveland, to talk about transitioning families from renters to homeowners through the Lease Purchase Program. CHN is nationally recognized for its Lease Purchase Program – a 15 year pathway to homeownership for low-income individuals and families – and is eager to help other cities and organizations replicate the model. Cinnaire is currently partnering with CHN on a pilot program in Detroit designed to transfer ownership of 188 single-family affordable homes to renters. Jim and Kevin discuss the components of the program, success stories and best practices to model the program in markets across the U.S.