SOCAP strives to offer diverse content across the spectrum of business and capital innovation advancing social and environmental impact. SOCAP Open is a public submission platform that helps us source suggestions directly from our community. As in past years, SOCAP16 will include interactive sessions, panel discussions, workshops, and storytelling opportunities. By proposing a session idea and/or voting, we invite you to add your unique voice to the conversation.
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Communities Replacing ‘Bank of Mom and Dad’: Scaling equity financing for homebuyers
Alex Lofton, Landed
In the hunt for returns, equity in owner-occupied homes is an attractive frontier for institutional capital. In the hunt to own a home, financing that doesn’t require more debt is attractive for homebuyers, especially in expensive housing markets. For the majority of people without rich parents able to ‘gift’ a down payment, an equity investment is a viable substitute for the ‘bank of mom and dad.' Shared home-equity investment models aren’t new, but none have proven scalable. What might change this reality, and how could communities investing in themselves be a way forward?
social innovation entrepreneurship scaling investment impact investing finance community
Panel
Intermediate
Carol Galante, Director of UC Berkeley’s Terner Center for Housing Innovation and former Commissioner of the Federal Housing Authority; Alex Lofton, Co-founder of Landed
Kim-Mai Cutler, Writer at TechCrunch; Stockton Williams, Executive Director of Urban Land Institute’s Terwilliger Center for Housing; Amir Sufi, Professor of Economics and Finance at University of Chicago’s Booth School of Business and Co-author of ‘House of Debt: How they (and you) caused the great recession, and how we can prevent it from happening again’
http://www.zillow.com/research/down-payment-help-parents-11018/
http://time.com/3756425/many-young-adults-need-parents-help-to-buy-a-home/
http://www.theatlantic.com/business/archive/2015/07/millennials-with-rich-parents/398501/
https://medium.com/redesigning-real-estate/the-game-is-rigged-time-to-redesign-our-broken-real-estate-model-d5e07c074fc1
Important 2016 Dates
- JUNE 3
Final day to submit an idea. - JUNE 4-15
Commenting and voting period. All sessions open for voting. - JUNE 16-28
Judging panel and final selection by SOCAP16 Content Team. - JUNE 29
Winning sessions announced to session organizers.
