Cornerstone Corporation for Shared Equity

Founded in 1986, Cornerstone Corporation for Shared Equity is a nonprofit that finances, develops, and manages affordable apartment housing with “renter equity,” a program through which renters earn up to $10,000 in financial equity—and thus build and preserve wealth—by participating in the management, routine maintenance, and governance of their communities and paying their rent on time.  Cornerstone also operates a community loan fund that attracts funds from socially conscious investors and makes loans to finance Cornerstone and other nonprofits’ housing development projects. Demonstrating its commitment to the community, Cornerstone relies on work crews comprised primarily of neighborhood residents and uses its development work as an opportunity to train and employ unemployed individuals.  

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