Does giving to Home Funders get the public sector “off the hook”?
On the contrary, Home Funders does what the private market is best at – creating incentives in the marketplace to achieve certain objectives; in this case, creating housing for very low income families. Home Funders resources are only available to projects in communities where there is a commitment from the local city to allocate public resources. By offering new money into the system in the form of low interest loan funds, which are valuable to developers, Home Funders is encouraging the public sector and the private housing delivery system to respond with projects that provide housing for those who need it most.
