PartnerOwn promotes sustainable homeownership by changing the way Americans pay for housing.
PartnerOwn is implementing the Shared Responsibility Mortgage (SRM), a proposal by economists Amir Suif and Atif Mian in their book, House of Debt. The SRM protects homeowners against local market downturns and enables investors to share in the appreciation of real estate. PartnerOwn will connect homeowners and investors through an online, SRM marketplace and act as the marketplace facilitator, standardizing arrangements and collecting and disseminating the relevant information to both borrowers and investors.
We are working with a Chicago housing agency to provide the SRM for its clients and are using this blog to keep track of our progress.