We are proud to sign a new commitment with New Story NEXT to expand affordable housing horizons around the globe.
This collaboration marks Reall and New Story’s efforts to build together a green affordable housing movement for families living on low-incomes. The new relationship is a crucial step towards driving forward collaborative innovation and developing scalable pathways to homeownership.
Donovan Storey, Head of Global Policy and Influence at Reall, said; “We are very excited to be working with New Story to meet the challenges of providing affordable and climate-smart housing. We are especially enthusiastic to develop and share innovations that support access to finance for vulnerable populations, and those that formal banking systems do not reach. There is also much more that needs to be done meeting data gaps, which undermine investment and policy development.”
Sandra Prieto, Senior Director Market Systems & Innovation/Managing Director New Story NEXT, said; “New Story and Reall make an exciting partnership because we’re both committed to scaling and accelerating sustainable models that provide better housing options for vulnerable populations. We believe this partnership will allow us to share knowledge and innovation and discover opportunities that can benefit more international organisations serving communities with affordable housing solutions.”
Spotlight on New Story NEXT: Navigating, Expanding and Transforming Affordable Housing Markets
Operating as a specialised team within New Story, NEXT addresses housing market gaps with market-based solutions. They invest in innovation, scalable strategies, and partnerships focused on building a future where underserved families around the world can own adequate homes.
Partnership in practice
So, what does the collaboration mean for Reall? Joining New Story NEXT will allow for cross-pollination of ideas, and provide opportunities to:
Share and further generate data and knowledge on affordable housing markets
Explore potential for scaled strategic promotion of housing and homeowner data
Identify, share and develop initiatives which support innovative end-user financing solutions
Explore methods to jointly deploy existing resources, as well as mobilising additional funding
New Story is a global non-profit that pioneers solutions to end global homelessness. From a human-centered design curriculum to 3D printing to housing finance products, each innovative solution is focused on empowering families and communities to achieve their dream of having adequate housing.
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