Financing a New Housing Paradigm: Dividend Housing

Margery Spinney has inspired hundreds of housing residents to participate and achieve success using community-based management principles and practices she designed. Margery developed the nonprofit Cornerstone Corporation for Shared Equity where she created the concept of renter equity. At Cornerstone, she managed its Loan Fund capitalized by socially conscious investors and introduced property management and housing development innovations to the organization's functions. She also co-founded Renting Partnerships in order to stimulate, standardize and support expansion of these practices. Today, Renting Partnerships addresses both the cycle of poverty and wealth inequality by acquiring housing, keeping it in common ownership, and empowering residents to build wealth through participation in management. Read about the success of the renter equity approach documented by the independent evaluation of Cornerstone Renter Equity here.