Aslan Housing Foundation

Aslan and its donors have four core goals:

Goal 1: God to be glorified.

Goal 2: Ministry staff to thrive at work and at home so Silicon Valley can flourish in the love of God and the Gospel of Christ.

Goal 3: Provide housing solutions that ministry staff can afford on a pathway to home ownership.

Goal 4: Invite donors and investors to participate in this important work.

On the housing continuum from market-rate rentals (where ministry staff rapidly lose ground) to independent homeownership (which is exceptionally difficult ), Aslan works in the middle by creating steps on the path from one extreme to the other.

Step 1: Below-Market Rentals. Aslan works with landlords to offer quality housing at below-market rates to stabilize what staff are paying.

Step 2: Land Trusts. Community land trust models of durable affordability allow ministry professionals to purchase 'only' the home on land owned by Aslan. This smaller purchase requires less down and a smaller mortgage. The resale is capped at gains related to the increase in pay scales of staff. and For example, the home is sold to a preschool teacher and then resold to the next preschool teacher at a price that has kept pace with preschool salaries (not the housing market). This provides durable affordability. While there is less upside for the seller, it provides ongoing purchasing power for successive staff buyers.

Step 3: Home equity shares. Aslan supplements staff down payments in exchange for a proportional share of the gain/loss upon sale/exit.

Aslan does not provide rental assistance to third-party landlords as that money is lost to the Aslan ecosystem.

Aslan's Board is comprised of leaders with deep knowledge of philanthropy, governance, housing, finance, insurance, zoning, public policy, and law. Aslan has a committed team of volunteers and professionals in real estate and construction.

The congregation has significant untapped financial resources. Aslan is able to leverage private institutional philanthropy from organizations working to fund affordable housing strategies.

CEO Nicole Marie Bergeron is an experienced nonprofit and foundation executive with over 25 years of experience in Silicon Valley.

All Aslan Board Members are members of PCC. 2/3 live in Redwood City. One half are former Officers of PCC. All have a deep knowledge of the community and our staff needs.

Aslan coaches are experienced financial coaches (Dave Ramsey's Financial Peace University leaders), CPAs, and investors.

Incorporated in June 2018. Obtained our tax-exemption in August 2018

Raising funds: over $800K

All full-time staff have been offered coaching. Younger staff (20-30s) are deeply encouraged, budgeting, and thinking deeply about their future housing goals and how to get there.

Landlords have come forward and young staffers are in affordable, beautiful home shares.

Our real estate team is identifying a duplex for purchase for our first land trust/equity share.

Three surveys of staff and the congregation have provided loads of actionable data to make sure Aslan is effective.

Aslan is working with PCC's Housing Committee to provide solutions in furtherance of its new Housing Policy. Lots of collaboration!