Purpose Prize

Marc Freedman Portrait

The Latest from CoGenerate

Overheard on Text: Imposter Syndrome

Overheard on Text: Imposter Syndrome

As colleagues from different generations (x/millennial), we’ve been leading talks and workshops sharing our insights about working across generations – what we call “cogeneration.” As we plan, we’re usually texting furiously, sharing ideas and reflections. So we...

This Cogenerational Pair Calls for ‘Radical Inclusion’ of Youth

This Cogenerational Pair Calls for ‘Radical Inclusion’ of Youth

I was thrilled when I heard about the new book, Why Aren’t We Doing This! Collaborating with Minors in Major Ways, written by Denise Webb, age 20, and Wendy Schaetzel Lesko, age 73, (both pictured above) and published by Youth Infusion, a clearinghouse co-founded by...

Music Is Having a Moment — And It’s a Cogenerational One.

Music Is Having a Moment — And It’s a Cogenerational One.

Sunday’s show featured three big moments reminding us that music can be a bridge not only across race, culture, and genre, but also age. Tracy Chapman & Luke Combs. Much attention, rightfully, has gone to the duet between Tracy Chapman, who turns 60 next month,...

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William Kelly

Stewards of Affordable Housing for the Future (SAHF)
Purpose Prize Fellow 2007

Enabling large nonprofits to became national players in preserving affordable housing.

When apartments are converted to co-ops and condominiums, too often affordable housing is lost. Since 1995, Americans have lost more than 300,000 affordable apartments to such conversions or to deterioration in weak markets; hundreds of thousands more are at risk. Bill Kelly is working to stem the tide of those losses by creating a new force in shaping government policy and a new market player – large nonprofit organizations that combine scale and business savvy with social missions and a commitment to helping residents to build better lives by giving them stable housing. Kelly, a former policy maker at the U.S. Department of Housing and Urban Development and corporate lawyer, saw that government policy reflected the outdated notion that affordable apartment buildings are owned either by large developers motivated solely by profit or by small nonprofits with few resources. In 2003, with several leading nonprofits, Kelly co- created Stewards of Affordable Housing for the Future (SAHF) to build the capacity of large nonprofits to affect public policy and to buy and preserve affordable housing. Today the organization’s members own more than 800 properties in 48 states, Puerto Rico, the U.S. Virgin Islands, and the District of Columbia. The group preserved 5,000 affordable apartments for low-income seniors, disabled individuals, and families in 2006 alone. In addition, SAHF has launched an initiative to help affordable housing owners cut their utility bills by 25 percent through increased energy efficiency.