A New Housing Ecosystem

Where All Benefits of Rental Housing Are Shared.

Investments and services designed to activate shared prosperity with mission-minded rental housing owners and investors.

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Core Belief

Housing as a Vaccine

Stable affordable housing, especially when paired with an intentional savings and wealth-building program, is a vaccine against most struggles that people face.

Shared Prosperity translates this principle into a scalable investment model — funding properties that don't just shelter families, but support their path to financial security and long-term well-being.

Inspired by the research of Dr. Meghan Sandel, Boston Medical Center's Place-Based Investing / Co-director Grow Clinic for Children / Principal Investigator, Children's HealthWatch

Economic Stability

Financial security and reduced housing cost burden for middle-income families

Child Development

Stable housing supports better educational outcomes and healthy growth

Community Stability

Lower turnover strengthens neighborhoods and social bonds

Workforce & Well-Being

Proximity to employment and healthcare supports productivity and psychosocial health

The Challenge

The Structural Misalignment in Middle-Income Housing

The middle-income rental segment represents one of the largest and most financially pressured renter cohorts in the U.S. They earn too much for subsidized housing but face rising costs without appreciation or stability.

Investors have accumulated housing wealth while renters absorb rising costs without appreciation or stability, widening the renter–owner wealth gap. Rent growth has outpaced wage growth by 17.6 percentage points since 2007.

60%

Report their finances are getting worse due to rising costs of living

37%

Cannot manage an unexpected $400 expense

48%

Have no investments through retirement funds or other opportunities

Investment Thesis

An Underserved Segment With Compelling Risk-Return

Shared Prosperity focuses on a specific, underserved segment of the housing market—middle-income multifamily housing (60–120% AMI).

Middle-income renter households demonstrate longer tenancy duration and reduced tenant churn, resulting in more predictable cash flow and lower operating volatility.

Stable affordable housing, especially when paired with an intentional savings and wealth-building program, supports economic stability, child development, community stability, workforce participation, and psychosocial well-being.

Total Return vs Risk vs Major Asset Classes Over Last 10 Years

Source: Mark Roberts and Jake Wegmann using data from NCREIF and Bloomberg from 2Q2011–2Q2022. The "MIRH Index" returns reflect the calculations as described in the methodology section.

How It Works

Where Opportunity and Impact Meet

SPIF invests in middle-income multifamily housing through a blended capital structure and a shared prosperity framework that aligns investor returns with tenant stability.

Location Strategy

Communities where strong employment meets quality of life. Metro submarkets near healthcare centers and public recreation. Rural resort communities with year-round job opportunity. Neighborhood is the primary amenity.

Property Strategy

Multifamily properties with high proportions of family-sized units (2–4 bedrooms). Larger units are less exposed to luxury oversupply cycles seen in Austin and Denver. Multigenerational households are increasing.

Durable Returns

Strategic locations and the cash-back program support lower turnover and vacancy, supporting stable cash flows and long-term asset appreciation. Target 12%+ investment IRR.

Shared Prosperity Program

1% of LP distributable cash flow is allocated monthly toward resident cash-back and engagement — reducing delinquency, lowering turnover, and improving asset stability. Building savings on a 3–7 year path to homeownership.

Two Engines, One Movement

The SPIF + SPS Convergence

SPIF

The Capital Engine

Mission-driven capital
Middle-income focus (60–120% AMI)
Durable, risk-adjusted returns
Asset stabilization
Blended capital structure

A New
Housing
Ecosystem

SPS

The Impact Engine

Tenant wealth building
Financial coaching
Credit reporting
Path to homeownership
Scalable platform for any owner

Amplifying Impact

A Path From Stability to Wealth

The SPS program amplifies the vaccine effect of stable housing by supporting a path to reduced financial stress, wealth building, and home ownership over a 3–10 year journey.

Stable Housing

Affordable, quality rental housing as foundation

Emergency Fund

Unexpected expense coverage (Yrs 1–2)

$500

Living Expenses

2–3 months emergency reserve (Yrs 3–7)

$5,000

Investment / Down Payment

Home purchase readiness (Yrs 5–10)

$15,000

Long-Term Wealth

Sustained financial growth & stability

Strategic Differentiation

A New Category of Housing Investment

Traditional Workforce Funds

Focus on yield optimization
Market-rate rent exposure
No resident participation structure

Subsidized / Affordable Funds

Dependent on public subsidy
Regulatory constraints
Limited scalability

        Shared Prosperity (SPIF)
        Middle-income focus (60–120% AMI)
Blended capital structure
Embedded resident alignment
Impact-linked GP compensation
Hospital-anchored deal sourcing

      

Proof of Concept

Colorado Housing Accelerator Initiative (CHAI)

CHAI serves as the prototype platform for SPIF, demonstrating the viability of shared prosperity in practice.

Projects

423

Units

165

Households Enrolled

Building on the CHAI model, Shared Prosperity is expanding a national platform aligning public, philanthropic, and private capital.

Leadership

Connecting Capital, Communities, and Renters

Stephanie J. Wilson

Founder

Founded ACCESS Medical Development (1997), raising and managing capital for healthcare real estate investments. Experience structuring debt and equity investments across private investors, REITs, venture funds, and foundations. Active angel investor supporting women entrepreneurs and poverty alleviation initiatives.

Ed Briscoe