The Flagstone Initiative News, August 2025
The Flagstone Team • August 19, 2025
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
In addition to making Rent Loans, we’re always looking to better understand the struggles faced by the people we serve. There’s no better way to understand those mind-boggling, heart-breaking challenges than Brian’s Goldstone’s new book, “There Is No Place for Us: Working and Homeless in America.”
This widely-acclaimed book follows the stories of five families in Atlanta who struggle to find and maintain stable housing, despite working full-time or multiple jobs.
We’re excited to announce that Brian will be joining us to discuss his book, and you’re invited!
We’ll be chatting with Brian over Zoom on Thursday, September 4th, 7pm ET/4pm PT.
If you’d like to join us, please drop a note to hello@flagstoneinitiative.org.
Stay cool!
The Flagstone Team
Chip, Grace, Gregor, Keith, and Shin
p.s. If you’d like to support our work keeping paycheck-to-paycheck renters in their homes, please consider making a donation.
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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.
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.
We are delighted to announce that the Housing Affordability Trust (HAT) has renewed their support for upstream eviction prevention in Alabama, doubling their support from last year. 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 HAT 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.
Earlier this month, The Flagstone Initiative's CEO and co-founder Shin Inoue was invited to present at the Community Preservation Corporation (CPC)'s 50th Anniversary Symposium in New York City, as part of their " Innovative Ideas for the Future of Housing " program. Shin made a presentation entitled "Improve Housing Stability for Rent-Burdened Families with Rent Splitting and Rent Loans," an idea that resonated with the assembled housing innovators, including academics, policymakers, advocates, and community leaders. The event featured an impressive collection of innovators working to tackle the most pressing housing challenges facing American communities, and we are honored for the opportunity to share what we've learned about the impact of upstream financial stability programs for preventing eviction. From Shin's presentation:
The Flagstone team is pleased to announce the Alabama Power Foundation will continue its generous support of our eviction prevention programs. Their support of these programs creates lasting impact for the Alabama renters we serve. Their contribution will help us create a sustainable fund for Rent Loans, our no-interest loan that helps residents stay current on rent through small-dollar financial shocks like car-repairs. Thank you to the Alabama Power Foundation, we are excited to continue our work together in the coming year!
We are excited to share that The Daniel Foundation will continue to support The Flagstone Initiative's work to provide upstream eviction prevention solutions to Alabama renters. Our team is thankful for their dedication to helping us provide housing stability to the Missing Middle. Their support includes a multi-year grant that will allow us to greatly expand the number of renters we can help in Alabama. We are grateful for the Daniel Foundation’s support, and look forward to growing our impact with their help.
The Flagstone Initiative News October 2024 Happy fall from your friends at Flagstone! Fall is a time of change, but one thing that isn’t changing is that millions of paycheck-to-paycheck renters need help. So we are changing, to help more people, more quickly. We are now offering standalone Rent Loans. Offering standalone Rent Loans (without Rent Splitting) means fast, easy implementation, with no changes for housing partners. Instead of waiting until renters need large grants to avoid eviction, smaller loans can be used to improve financial stability and keep people in their homes. The value of this type of upstream prevention continues to gain broader recognition. Just last week, the U.S. Interagency Council on Homelessness (USICH) published the first-ever Federal Homelessness Prevention Framework . No-fee, no-interest Rent Loans can be a cost-effective successor to the Emergency Rental Assistance Program (ERAP), and much less expensive than traditional grants, but they are not entirely without cost. Will you make a $150 donation today to help a struggling family stay in their home? Your $150 donation covers all of the costs for a Rent Loan, making them an evergreen replacement for expiring ERAP. Thank you! The Flagstone Team Chip, Grace, Gregor, Keith, and Shin p.s. In partnership with the Housing Solutions Lab and the NYU Furman Center, we’re working on a study understanding the impacts of greater rent payment flexibility . Exciting!
The Flagstone Initiative News June 2024 Summer greetings from your friends at Flagstone! While summer is often a relaxing time, it wasn’t very relaxing a few short years ago. The pandemic was taking a terrible toll, and many families faced financial crises. In 2021, Congress passed two Emergency Rental Assistance Programs (ERAP) to help those families stay in their homes. ERAP provided over $46 billion to protect vulnerable renters and helped to drastically reduce evictions and homelessness. But post-ERAP, underlying problems remain: More households are rent burdened than ever Eviction filings are above pre-pandemic levels Homelessness is at a record high Now that ERAP is over, state and local governments are scrambling to address these challenges without extra federal funding. In the absence of those federal dollars, we need to figure out more cost-effective prevention strategies to keep people in their homes. For example: Include eviction prevention planning at the development stage National Housing Trust is calling on State Housing Finance Agencies to include eviction prevention as part of their Qualified Allocation Plans (QAPs) for Low Income Housing Tax Credit (LIHTC) funding— Balancing Eviction Prevention and Property Financial Health Develop win/win eviction prevention policies WinnCompanies has developed a Housing Stability Program that includes numerous elements throughout the lease cycle to help keep residents housed. Local governments should provide cost-effective upstream financial stability programs in addition to downstream interventions The United Way recently eloquently advocated for upstream prevention and rental assistance in the Seattle Times: Pandemic-era funds have expired but WA housing needs continue Of course, we are grateful for the foundations and corporations who make our upstream eviction prevention work possible. This quarter, we received generous support from Airbnb, the Gheens Foundation, the Michael & Gillian Goodrich Foundation, the Housing Affordability Trust, and continuing support from the Community Foundation of Greater Birmingham. If you would like to help us keep renters in their homes, please consider making a tax-deductible donation today . $100 enables us to make one Rent Loan and help a struggling household avoid falling behind on rent payments. Thank you! The Flagstone Team Chip, Grace, Gregor, Keith, and Shin p.s. You might also be interested in this story we wrote for LAA Access, a publication by the Louisville Apartment Association: Upstream Eviction Prevention—A Win for Everyone
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