Closing the wealth gap by removing barriers to home ownership
Joined May 2021
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LadderUp Housing retweeted
@mcuban is right that AI makes business more complicated. The flip side: the cost of handling that complexity collapsed. Which makes whole new customer segments viable, like working families the old cost structure priced out.
Impact ventures can finally deliver real returns without starving the mission. @ladderuphousing is the test case: 90 homes rented to families while they build credit, then we sell them the house they live in. For every family we house, 9 more apply. Our small team built the mortgage-readiness software in-house. A fraction of the people, time, and cost it would've taken before AI. That's how we reach the other 9.
I’m not a doomer an AI at all. I think the nature of work, particularly entry level jobs will change.
Ai will make business more complicated and competitive. Not less. Which means more layers where humans have to make decisions before the next process can happen
And there will be millions, if not more, local models.
We will we modify and train them for our lives and the businesses we create. Just leveraging the foundational models for things we don’t have access to.
Maybe the new gig economy will be the models that represent our lives and the knowledge and experiences each one of us train those models on, and we get hired by companies for access to those models ?
Thoughts ?
LadderUp Housing retweeted
Want to know who's originating mortgages in LMI census tracts in your market? You can do it in 5 minutes — without crashing your computer trying to open the HMDA file.
LadderUp Housing retweeted
For many, owning a home seems to be a dream that is getting less attainable every year. Two groups in Toledo are bridging the wealth gap by providing an alternative pathway to homeownership. 13abc.com/2025/07/29/company…
LadderUp Housing retweeted
I'm looking forward to joining @TernerLabs and the @leagueofcities on Thursday, February 27 for "The Housing Moment: Innovations for a Better Future." I'll be participating in a panel on homeownership and wealth creation. If you'd like to watch the livestream, here's the link to register: ow.ly/zvRb50UQHpV
LadderUp Housing will be joining @TernerLabs and the @leagueofcities on Thursday, February 27 for "The Housing Moment: Innovations for a Better Future." To watch this conference and see our CEO, Tom Voutsos, participate in a panel on homeownership and wealth creation,
We are thrilled to announce our first home sale to one of our tenants, Jasmine! She is an incredible person, and we congratulate her on this major accomplishment.
We also want to recognize some of the people and organizations who helped along the way including
@NWTOLEDO FOC coach Meg, @Huntington_Bank loan officer Julia, and @LouisvilleTitle for a smooth closing. Lastly, a special thanks to @BlueHubCapital whose debt financing solutions allow us to purchase and renovate homes to provide an alternative pathway to homeownership.
@LadderUpHousing is excited to be selected to join @Terner Labs’ 2024 Housing Venture Lab Cohort! There is a bottleneck preventing capital from flowing to low to moderate income communities in mid-sized Midwest cities. We look forward to exploring alternative
financing strategies in relation to smaller dollar homes. The wraparound support we will receive from the Housing Venture Lab will help us accelerate our scale and increase our impact on the housing industry. Follow our journey alongside the other five cohort members @ternerlabs!
Our CEO, @TomVoutsos, will be a panelist at the below event. Check it out!
I’m joining a panel of industry leaders at the upcoming HUD and Terner Labs Housing Technology Symposium, Equitable Homeownership Innovations! The event will be held on April 9th at 10 am PST/1 pm EST. Register now at: eventbrite.com/e/housing-tec….
LadderUp Housing retweeted
@SafeRateCo @LadderUp @LadderUpHousing
LadderUp Housing is proud to announce our partnership with @BlueHubCapital, a Community Development Financial Institution (CDFI). BlueHub is providing a line of credit that will allow us to acquire and renovate more homes in Toledo and expand into two additional cities in Ohio.
LadderUp Housing retweeted
How do you start rebuilding your #creditscore? First, get copies of your #creditreports from the 3 major bureaus for free & check them for errors. Also, check your @FICO scores to know what lenders see when they evaluate your eligibility for #mortgageloans.
We have been quietly transforming a number of homes in Toledo, with more news coming tomorrow! Stay tuned! #renovation #homeownership
Check out Rhemé Sloan's paper "Benevolent Futures: The Case for Locally Driven Subprime Mortgage Financing" which features LadderUp Housing linkedin.com/feed/update/urn…
LadderUp Housing retweeted
Great article by the @Harvard_JCHS "In general, states where the highest shares of Black and Hispanic renters are income-ready for homeownership have relatively low home prices and high shares of middle-income Black and Hispanic renter households." This describes the Midwest.
$25K in downpayment assistance could make #homeownership possible for 1.1 million Black and Hispanic renters aged 25-55 who have the income needed to cover monthly mortgage payments on a moderately priced home in their state. @Dan_McCue @ceherbert
jchs.harvard.edu/blog/how-mu…
LadderUp Housing retweeted
We are thrilled to have @UniversityBlood founder @AvivaKlein5, Haylon Tech COO Dante Vaisbort, and @LadderUpHousing founder @tomvoutsos ‘22 as our newest Tarrson Social Venture Fellows. We are looking forward to seeing what you do this year.
#ChicagoBooth #SocialImpact