Our Impact
Let's look at some numbers!
Since 2022, we have reached over 5,000 households in eight states.
“We all do better when we all do better.” —Sen. Paul Wellstone
Reduction of rent payment delinquency and turnover is a win-win for residents, housing providers, and communities.
When residents use Rent Splitting and Rent Loans, they are less likely to fall behind on rent payments. Let's look at a recent case study....
With and without Flagstone, a case study
Comparing very similar properties in Bessemer, AL. For the first six months, the properties on the left received our services, properties on the right did not*
Given the difference in rent payment delinquency rates, the housing partner decided to offer Flagstone to everyone after six months....
* "Delinquency" defined as having more than $100 in unpaid rent at month's end. Four properties in Bessemer, AL, all owned and operated by the same company. Both sides approximately 300 households with very similar rents and residents.
Financial stability leads to lower rent delinquency and longer resident tenure**
More broadly, we've seen reduced rent delinquency and longer tenure for users of our services vs. non-users.
Lower rent delinquency for program users vs. non-users
Longer tenure for program users vs. non-users
The Flagstone Initiative, Inc. is a nonprofit 501(c)(3) organization. Tax ID (EIN): 88-1233886