May 13, 2025 – New York City affordable housing stakeholders Enterprise Community Partners, RiseBoro Community Partnership, L+M Development Partners, HELP USA and partners Maycomb Capital and Trinity Church have announced strong results to date for Home 4 Good, an upstream, portfolio-based intervention program for affordable housing property owners and tenants launched in 2024. Amid the City’s widely acknowledged housing affordability crisis, Home 4 Good offers a success story and replicable model in reducing evictions while avoiding debilitating financial losses for owners.
As Home 4 Good completes its first year, the program has achieved the following outcomes for tenants and housing providers:
- Enrolling more than 400 households, totaling approximately 800 New Yorkers, including roughly 200 children
- More than $1,000,000 in arrears payments recouped
- Approximately $300,000 in annual voucher value secured
- More than a 2x return on investment (ROI) for participating housing providers, based on the arrears repayments secured for tenants through the program
Enrolled tenants also receive financial coaching to support their longer-term housing stability.
Home 4 Good works by proactively partnering with property owners to reach tenants at risk of eviction and due to its outcome-based payment model, owners participate without financial risk by paying only for outcomes that are achieved. Once enrolled, Home 4 Good’s Housing Navigators connect tenants to short-term rental assistance; longer-term housing subsidy programs; and other supportive benefits to advance their overall housing stability, including financial coaches. By preventing eviction before it happens, the program reduces costs and instability not only for tenants, but also for housing operators and the City.
With its early success and plans to expand, Home 4 Good shows the importance and viability of proactive eviction intervention and housing subsidies. Home 4 Good’s model keeps tenants stably housed, connected to supportive services, and out of homelessness; ensures housing providers receive rental payments and avoid high eviction costs, limiting their need to tap into cash reserves or defer maintenance; and decreases costs for the City by reducing additional strain on eviction courts and the homelessness shelter system.
Home 4 Good was conceived and designed by nonprofits Enterprise and RiseBoro, together with housing provider L+M Development Partners, in the wake of the Covid-19 pandemic, seeking to create solutions to high rates of rental arrears and subsequent eviction filings, for landlords and tenants. Key philanthropic support for Home 4 Good also includes a loan guarantee from Trinity Church. Additionally, a grant from Wells Fargo Foundation went towards supporting program design and technical assistance.
New York City’s rents continue to spike amid the City’s widely acknowledged housing affordability crisis, with typical Manhattan and Brooklyn rents hitting record highs in February 2025. While residential evictions in New York City remain down from pre-pandemic highs, due in part to effective legislation and emergency rental assistance programs, they remain persistent, especially in the City’s poorest neighborhoods, further straining tenants, landlords, and public resources. The homeless population currently living in the NYC shelter system is 84,648 people as of March 2025; nearly 70% of these include families with children.
“We could not be more thrilled to see such promising results from Home4Good in its first year,” said Baaba Halm, Senior Vice President of Programs for Enterprise Community Partners. “Home 4 Good is a rare example of a win-win-win for tenants, landlords, and the public sector. It addresses the critical need for partner sustainability solutions for mission-driven housing operators who are struggling, and more importantly, directly prevents evictions and homelessness for New York City families.”
"It’s incredible to see the real impact the Home 4 Good program is having in such a short amount of time. In its first year, this program has already supported hundreds of families, recouping $1 million in arrears for tenants and their landlords and nearly $300,000 in annual voucher value,” says Kieran Harrington, CEO of RiseBoro Community Partnership. “Landlords are seeing more than double the return on what they’ve contributed—and that’s not even counting the added benefits of financial coaching and long-term housing stability. These results reinforce what we’ve known from the start: this model works, and it’s making a real difference for both tenants and property owners.”
“Since launching last year, Home 4 Good has been a tremendous success, creating a model that can be replicated across the city. With the H4G team’s expertise, they are able to connect to city agencies and expedite assistance to some of New York’s most vulnerable residents," said Nikki Wernick, President of C+C Property Management, L+M Development Partners’ property management subsidiary. "Affordable housing is critical, and by using a proactive and proven approach, we are helping hundreds of residents remain stably housed. We are proud to work alongside our partners on this essential program and look forward to expanding its reach so more New Yorkers can receive the assistance they deserve."
“Home 4 Good is driving stronger tenant engagement at HELP USA, powered by consistent outreach and a dedicated Housing Navigation team,” said Syrena Huggins, AVP of Homeless Prevention & Rapid Rehousing Services at HELP USA. “More households are avoiding eviction, landlords are recovering rent, and families are maintaining stability with the help of rental vouchers and other vital supports.”
"Home 4 Good's results so far are really incredible. This project is a unique partnership that brings together service providers, affordable housing landlords and impact investors focused on the same outcome—eviction prevention” said Andi Phillips, Co-Founder and Managing Partner of Maycomb Capital. “This work is game changing for so many families who might otherwise face the deeply destabilizing consequences of eviction. Maycomb is honored to be part of this partnership and excited to see how it expands its reach.”
“Trinity Church is proud to have supported the incredible results from the first year of Home4Good program,” said Bea de la Torre, Chief Philanthropy Officer at Trinity Church NYC. “Tenants are staying housed, landlords are being made whole, and we are avoiding unnecessary costs to our city government. Home4Good proves the potential for innovative cross-sector partnerships to meet the needs of New York City’s housing crisis.”
“Since Home 4 Good’s launch a year ago, we’re seeing the real world, positive impact of this innovative program,” said Catherine Domenech, Vice President, Community Relations, New York at Wells Fargo. “Thanks to Home 4 Good, 800 New Yorkers at risk of homelessness are on a path to achieving greater housing stability. By preventing eviction before it happens, the program aims to reduce costs and instability. This proactive approach is a win-win for the tenants, landlords and New York City.”
“In its first year alone, the Home 4 Good program has demonstrated the value of proactive measures to avoid evictions and keep families in their homes,” said Assemblymember Linda B. Rosenthal (D/WF - Manhattan), Chair of the Assembly Committee on Housing. “Helping tenants to secure rental assistance and enroll in other supportive services prevents families from falling into homelessness, protects property owners from financial losses and eases the caseload in eviction courts and the city's shelter system. This innovative program, led by Enterprise, RiseBoro and L+M Development Partners, is the forward-thinking approach we need as we face the affordable housing crisis. I look forward to seeing the benefit this program brings to more New Yorkers and their families in its second year.”
“The early successes of Home 4 Good demonstrate that the most cost-effective approach and most compassionate approach to housing instability are one and the same: proactive interventions that help New Yorkers remain stably housed for the long run,” said DSS First Deputy Commissioner Jill Berry. “DSS provides a range of supports to keep folks in their homes and out of shelter, and we are thrilled that Home 4 Good is not only effectively connecting vulnerable households to critical supports like these, but that these investments are directly contributing to the maintenance of the city’s affordable housing supply.”
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About Enterprise Community Partners
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia and Puerto Rico – all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org.