PRI Profile

The Dearfield Fund builds generational wealth for first-time homebuyers who have faced systemic barriers to owning a home. Dearfield provides up to $40,000 in down-payment assistance  through low-cost, flexible loans. Homeowners do not make monthly payments, nor do they pay interest. Instead, when homeowners sell or refinance, they repay the down payment amount plus 5% of their home’s appreciation. Dearfield has identified that home ownership continues to be a vehicle for wealth creation and prioritizes first-time home buyers.

Highlights

In 2023, Dearfield was awarded the Ivory Prize for Housing Affordability for its innovative, ambitious, and scalable financing model.