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Homium
Homium enables donors and mission-driven institutions to create impactful down payment programs through sustainable community homeownership trusts. They utilize shared appreciation loans to build generational wealth for historically disadvantaged groups, low-income households, and first-time buyers, bridging the affordability gap for homeownership.
Distributed
Description
Homium provides a platform for donors and mission-driven institutions to create down payment assistance programs using shared appreciation loans. These loans are designed for first-time homebuyers, low-income households, and historically disadvantaged groups, offering an equitable financing solution without interest or monthly payments. Sponsors form Community Homeownership Trusts, which invest grants and other capital into these loans. When a homeowner sells or refinances, they repay the loan plus a share of the home's appreciation, and these proceeds are recycled back into the trust to fund new loans. Homium's technology platform handles the lending, servicing, and securitization of these loans, often through Homium tokens, creating a sustainable model for community wealth creation and addressing housing affordability.Grant Funding
VC Funding
None
2024
$0
$10M