LadderUp Housing

Closing the wealth gap by removing barriers to home ownership

[Tom Voutsos @TomVoutsos]

@mcuban is right that AI makes business more complicated. The flip side: the cost of handling that complexity collapsed. Which makes whole new customer segments viable, like working families the old cost structure priced out.

Impact ventures can finally deliver real returns without starving the mission. @ladderuphousing is the test case: 90 homes rented to families while they build credit, then we sell them the house they live in. For every family we house, 9 more apply. Our small team built the mortgage-readiness software in-house. A fraction of the people, time, and cost it would've taken before AI. That's how we reach the other 9.

[Tom Voutsos @TomVoutsos]

Want to know who's originating mortgages in LMI census tracts in your market? You can do it in 5 minutes — without crashing your computer trying to open the HMDA file.

[13 Action News @13abc]

For many, owning a home seems to be a dream that is getting less attainable every year. Two groups in Toledo are bridging the wealth gap by providing an alternative pathway to homeownership. https://t.co/AtDGYAnC8t

[Tom Voutsos @TomVoutsos]

I'm looking forward to joining @TernerLabs and the @leagueofcities on Thursday, February 27 for "The Housing Moment: Innovations for a Better Future." I'll be participating in a panel on homeownership and wealth creation. If you'd like to watch the livestream, here's the link to register: https://t.co/hbHwRQrVus

[LadderUp Housing @LadderUpHousing]

signup at the link: https://t.co/9EfJSXgBnr

[LadderUp Housing @LadderUpHousing]

LadderUp Housing will be joining @TernerLabs and the @leagueofcities on Thursday, February 27 for "The Housing Moment: Innovations for a Better Future." To watch this conference and see our CEO, Tom Voutsos, participate in a panel on homeownership and wealth creation,

[LadderUp Housing @LadderUpHousing]

@NWTOLEDO FOC coach Meg, @Huntington_Bank loan officer Julia, and @LouisvilleTitle for a smooth closing. Lastly, a special thanks to @BlueHubCapital whose debt financing solutions allow us to purchase and renovate homes to provide an alternative pathway to homeownership.

[LadderUp Housing @LadderUpHousing]

We are thrilled to announce our first home sale to one of our tenants, Jasmine! She is an incredible person, and we congratulate her on this major accomplishment.

We also want to recognize some of the people and organizations who helped along the way including

[LadderUp Housing @LadderUpHousing]

financing strategies in relation to smaller dollar homes. The wraparound support we will receive from the Housing Venture Lab will help us accelerate our scale and increase our impact on the housing industry. Follow our journey alongside the other five cohort members @ternerlabs!

[LadderUp Housing @LadderUpHousing]

@LadderUpHousing is excited to be selected to join @Terner Labs’ 2024 Housing Venture Lab Cohort! There is a bottleneck preventing capital from flowing to low to moderate income communities in mid-sized Midwest cities. We look forward to exploring alternative

[LadderUp Housing @LadderUpHousing]

Our CEO, @TomVoutsos, will be a panelist at the below event. Check it out!

[Tom Voutsos @TomVoutsos]

I’m joining a panel of industry leaders at the upcoming HUD and Terner Labs Housing Technology Symposium, Equitable Homeownership Innovations! The event will be held on April 9th at 10 am PST/1 pm EST. Register now at:  https://t.co/wY5WadfKQz.

[Rob Topping @ToppingCapital]

@SafeRateCo @LadderUp @LadderUpHousing

[LadderUp Housing @LadderUpHousing]

We are honored to have their commitment to our cause and are excited for this next chapter!

[LadderUp Housing @LadderUpHousing]

LadderUp Housing is proud to announce our partnership with @BlueHubCapital, a Community Development Financial Institution (CDFI). BlueHub is providing a line of credit that will allow us to acquire and renovate more homes in Toledo and expand into two additional cities in Ohio.

[BlueHub Capital @BlueHubCapital]

How do you start rebuilding your #creditscore? First, get copies of your #creditreports from the 3 major bureaus for free & check them for errors. Also, check your @FICO scores to know what lenders see when they evaluate your eligibility for #mortgageloans.

[LadderUp Housing @LadderUpHousing]

We have been quietly transforming a number of homes in Toledo, with more news coming tomorrow! Stay tuned! #renovation #homeownership

[LadderUp Housing @LadderUpHousing]

Check out Rhemé Sloan's paper "Benevolent Futures: The Case for Locally Driven Subprime Mortgage Financing" which features LadderUp Housing https://t.co/6vTlxiv0iu

[Tom Voutsos @TomVoutsos]

Great article by the @Harvard_JCHS "In general, states where the highest shares of Black and Hispanic renters are income-ready for homeownership have relatively low home prices and high shares of middle-income Black and Hispanic renter households." This describes the Midwest.

[Rustandy Center @RustandyCenter]

We are thrilled to have @UniversityBlood founder @AvivaKlein5, Haylon Tech COO Dante Vaisbort, and @LadderUpHousing founder @tomvoutsos ‘22 as our newest Tarrson Social Venture Fellows. We are looking forward to seeing what you do this year.
#ChicagoBooth #SocialImpact