Stewardship Standards for Homeownership Programs

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Introduction 1. Program & Business Planning 2. Affordable Pricing 3. Mortgage Financing 4. Fair Housing & Buyer Selection

5. Resales 6. Support, Monitoring, & Enforcement Appendix Standards & Practices Summary

1. Program & Business Planning It is easier to run an efficient and successful program when there are systems in place to support program administration, manage resources, and track outcomes. When programs grow organically, they may skip critical steps in the planning process. It is important to stop and assess periodically to make sure the program design is meeting community needs and having the desired impact on the community. Exclusions/Modifications: For co-op sponsors and stewards, Standard 1.6 should require that information be systematically tracked about co-op corporations.

Standard 1.1 Goals and Objectives Clearly articulate program’s goals and objectives. In order to operate effectively, programs need to clearly state and prioritize their objectives. This helps them track successes, make necessary revisions to program design, and set budget priorities.

Required Practices 1.1.a. For each program, maintain a written statement of program goals and objectives, community served, and geographic area covered. Clearly defined goals and objectives inform program design and serve as the basis for evaluating outcomes. Many funding sources will ask for this information on funding applications, even when programs are new. Goals and objectives change over time, so periodically reviewing and updating them is essential to staying focused on program priorities.

Resources Model Identity Statement: [Page 4] http://affordableownership.org/docs/business-and-program-planning-tool-pack/ A template providing sample language and a framework to help programs develop an identity statement.

Humboldt CLT 3-year Program Goals (Arcata, CA): http://affordableownership.org/docs/three-year-program-goals/ Sample language of a three-year goals statement from Humboldt Community Land Trust.

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