What happens when banks don’t provide mortgages to  home buyers who are purchasing very inexpensive homes? How is this connected to historical discriminatory lending practices, like redlining? Alternative products like contracts for deed may look like traditional mortgages but function very differently and tend to be extremely predatory. With more than $200B of CFDs across the United States, John Green and the Blackstar Stability team set out to find a way to support the families caught in these predatory lending relationships and empower equitable ownership outcomes by transitioning these loans into traditional financial products.

Blackstar Stability was the 2022 Ivory Prize for Housing Affordability Winner in Finance.

Released in Partnership with the Builder's Daily

John Green is Managing Principal at Blackstar Stability, a social impact private equity fund based in Washington, D.C. that helps families achieve fairer credit terms on home loans and helps preserve affordable home ownership.

Jenna Louie is the Chief Innovation and Strategy Officer at Ivory Innovations, a nonprofit with the mission to catalyze innovation in housing affordability. Since 2018, the Ivory team has spoken with hundreds of innovators working on novel housing solutions – learn more at ivoryinnovations.org/database.