Flagstone Initiative News 2026 Q2
The Flagstone Team • May 3, 2026
Spring has sprung, and here at Flagstone we are working hard to expand to meet the growing demand for Rent Loans from cost-burdened renters. We now reach over 10,000 of these households, up from 7,000 at the end of last year!
To handle the growth, we are focused on scaling our automated systems, and expanding our presence in three key geographies: Birmingham & Mobile/Alabama, Louisville & Lexington/Kentucky, and Atlanta/Georgia. Let’s take a closer look at our fastest growing market, Atlanta. Atlanta is hot.
- Government engagement in upstream eviction prevention
Flagstone has been selected by the City of Atlanta to administer their Eviction Prevention Microloan Program as cities turn to cost-effective upstream interventions to keep renters in their homes and stop homelessness before it starts. - Strong partnerships to reach tens of thousands of renter households
We are delighted to have excellent partners for upstream distribution to renters in Atlanta. PadSplit and Open Doors Atlanta are notable in this regard:
PadSplit is a public benefit corporation that connects people looking for an affordable place to live with property owners who have private rooms for rent.
Open Doors is a nonprofit that houses people exiting, experiencing, or at risk of homelessness or housing insecurity. - An active community dedicated to helping renters in Greater Atlanta
There are a lot of committed champions for housing stability in Atlanta, both in terms of nonprofit efforts and philanthropic dollars, and they too are embracing the power of upstream prevention.
This quarter we have big shoutouts to give to: William Josef Foundation, Community Foundation of Greater Atlanta, Alabama Power Foundation, Community Foundation of Greater Birmingham, and a really nice anonymous donor.
If you would like to be a really nice donor (anonymous or not), here’s a link to donate.
Fired up. Ready to go!
Grace, Keith, and Shin
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Flagstone is thrilled to continue our work in Louisville, Kentucky with the support of the Louisville Affordable Housing Trust Fund! This will be LAHTF’s second contribution to the Flagstone Initiative, and we can’t wait to see the impact of our continued collaboration. We are thankful to have support from the Louisville Affordable Housing Trust Fund to make Rent Loans in Louisville, so we can prevent eviction for vulnerable families there. The Rent Loans provided through this grant will help renters keep their homes.
We are excited to announce that the William Josef Foundation has committed to supporting the work Flagstone does in Georgia! Their generous contribution will go towards making Rent Loans to families that are vulnerable to eviction in the Atlanta area. The William Josef Foundation, an organization that supports service, advocacy, and policy strategies aimed at expanding access and reducing barriers to affordable housing for individuals experiencing homelessness and housing insecurity in Georgia with a focus on Metro Atlanta. We’re grateful to begin a new partnership with the William Josef Foundation!
The Flagstone Initiative is happy to share that we have received support from Zillow For Good (Z4G) , a program dedicated to making a meaningful impact through support of nonprofits focused on housing security. Z4G’s contribution will help us make Rent Loans to paycheck-to-paycheck renters across the country! We’re thankful for the opportunity to reach more renters who need support to keep their homes. The funds contributed from Zillow will allow us to make Rent Loans across the country to families struggling to maintain financial stability.
Gregor, as you rotate out of your board seat, we want to thank you for crucial contributions as a co-founder and for serving the last four years as our inaugural Chairman. You were instrumental in founding and standing up Flagstone. We wouldn’t be where we are without you. How do we appreciate you? Let us count the ways: You fostered innovation and helped us achieve product/market fit. You gave us access to properties where we could learn, test, and pilot different upstream prevention approaches. You also gave us the freedom to explore and iterate quickly—“Do what you want.” You also raised the capital needed to launch the Flagstone Initiative. In addition to the generous support that you provided, you also found like-minded funders to join you. Without that initial funding, there wouldn’t have been any runway to get this thing off the ground. Most importantly, you believed in us and in the win-win vision that upstream prevention would prevent both renters and housing providers. You publicly advocated for the idea of upstream prevention and helped put the word in the street. We will miss you, Gregor, but we will continue to build on what we’ve created together and carry on with your vision of using scalable technology solutions to become the "biggest nonprofit ever." Thank you, Gregor, from the entire Flagstone team!
We are pleased to announce that t he Community Foundation for Greater Atlanta has given us their support for Rent Loans in Atlanta, GA, playing a critical role in making Rent Loans available to Atlanta renters at risk of eviction, helping to keep them in their homes. We are extremely grateful for the support of the Community Foundation for Greater Atlanta. Their early leadership in supporting eviction prevention is key to our efforts in Greater Atlanta, and we deeply appreciate the support of the community.
We are pleased to announce that The Gheens Foundation has renewed their support for Rent Loans in Louisville, KY, playing a critical role in making Rent Loans available to Louisville renters at risk of eviction, helping to keep them in their homes. We are extremely grateful for the support of The Gheens Foundation and other generous foundations dedicated to helping Kentucky renters. With their collective support, we have made hundreds of Rent Loans to Kentucky renters, stabilizing their finances so they can remain stably housed.
Happy summer from your friends at Flagstone! We’ve been busy helping paycheck-to-paycheck renters stay in their homes with our no-fee, no-interest Rent Loans. We’re growing fast: We now reach 6,500 households, on pace for 10,000 by year end Over 330 loans made in 2025 so far, already more than double all of 2024 We’re on track to make over 1,000 Rent Loans annually
We are excited to announce that the Community Foundation of Louisville (CFL) has made a multi-year project-related investment supporting Rent Loans in Louisville, KY. With this loan capital from CFL, we will be able to make thousands of Rent Loans to Louisville renters at risk of eviction, and help keep them in their homes. We are extremely grateful for the support of CFL and other generous foundations dedicated to helping Kentucky renters. With their collective support, we have made hundreds of Rent Loans to Kentucky renters, stabilizing their finances so they can remain stably housed.
We are proud to announce that the Mike & Gillian Goodrich Foundation has renewed and extended their support for upstream eviction prevention in Alabama, with a multi-year grant. Their support helps enable Flagstone's no-fee, no-interest Rent Loans for renters, improving housing stability and helping people stay in their homes. We are extremely grateful for the support of the Mike & Gillian Goodrich Foundation and the many other generous foundations dedicated to helping Alabama renters. With their collective support, we have made hundreds of Rent Loans to Alabama renters, stabilizing their finances so they can remain stably housed.
We are happy to share that the Louisville Affordable Housing Trust Fund (LAHTF) has contributed to our upstream effort to improve housing stability with Rent Loans in Louisville, KY. We are extremely grateful for the support of LAHTF and the other generous foundations dedicated to helping Kentucky renters. With their collective support, we have made hundreds of Rent Loans to Kentucky renters, stabilizing their finances so they can remain stably housed.
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