$60,000 CARE Ownership: Larimer Landlord Training Pilot
PROJECT: Larmier Landlord Training Pilot Program
PROGRAM: 2014 Catalytic Grants
GRANTEE: CARE Ownership
CARE Ownership’s Landlord Training Program will train existing neighbors to be owner-occupants of multi-unit, formerly blighted property in Larimer. This innovative program provides wealth-building opportunities for low-income and indigenous residents as their neighborhood revitalizes, creates affordable housing, and contributes to the removal of blight. In partnership with ELDI and Circles Greater Pittsburgh (CGP), CARE Ownership will implement this program in Larimer. The program provides a structure, financial mechanism, and supportive training for the low-income resident/worker to gain access to the resources necessary to invest in his/her future, obtaining an
additional income stream from rental units, while building long-term equity in real estate.
This proposal includes a six-building implementation strategy in Larimer. CARE will be the model developer and primary implementation team for the training program. They will also be responsible for the management of the renovated properties designated to be owned by the trainees after graduating from the program. ELDI is the property resource management expert and will provide the buildings that will be used, among other experience and resources. Other “KEEL” partner organizations (Kingsley, ELDI, East Liberty Housing, Inc. and LCG) will provide key community connections and a deep knowledge of the community plan. Rebuilding Together Pittsburgh will provide hands-on training and practice opportunities for repair and maintenance skillsets.
As part of this proposal, six building owners, formerly of generationally poor backgrounds, will graduate from this program, equipping them with the experience, knowledge, and connections to achieve the following goals:
- Obtain a mortgage
- Confidently own and manage a building where they live alongside their tenants
- Provide a model of hopefulness for other community residents
- Grow their personal financial stability and decrease their families’ dependence on subsidies and social services