How I Built This with Guy Raz cover image

How I Built This with Guy Raz

HIBT Lab! Landed: Alex Lofton

May 11, 2023
42:57

Podcast summary created with Snipd AI

Quick takeaways

  • Landed helps essential workers afford homeownership by offering down payment assistance in exchange for equity in the home.
  • Landed partners with organizations to provide its down payment solution as a benefit to employees, aiming to diversify its revenue streams.

Deep dives

Landed: Helping Essential Workers Buy Homes

Landed is a company that addresses the challenge of home affordability by helping essential workers, such as nurses and teachers, with down payments. In exchange for providing the cash for the down payment, Landed obtains an equity stake in the home. This arrangement allows essential workers who have stable incomes but lack the upfront costs to access homeownership. Landed partners with various organizations to reach its target customers, and it has helped over a thousand essential workers purchase homes across the country. The company recognizes the need to diversify its revenue streams, and it is exploring partnerships with institutions to offer its down payment solution as a benefit to employees.

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