Pillow Pads
Real Estate - Wilmington, North Carolina, United States
Pillow Pads Employees
Pillow Pads Details
Pillow Pads is a market changing 501(c)(3) non-profit start-up specifically tasked with solving problems experienced by first time home buyers, enabling the first-time homebuyer an alternative, innovative, successful path to affordable home ownership. First time homebuyers are challenged with the financial constraints and stress burden experienced when attempting to purchase their first home. First time homebuyers as a % of total home purchases is declining, from 34% in 2018 to 31% today. The median purchase price of a home has increased in most markets substantially in the last year. 36% of first-time homebuyers struggle with the down payment requirements for a home purchase. Rents continue to increase with many of our potential Residents paying 40% and more of their annualized income to secure adequate rental housing. The affordable housing needs are especially acute for front line medical workers, first responders, city and county employees, front line service workers who willingly serve our communities with income of +/- 60% AMI ($45,570) and recently experiencing the results of high inflation reduced spending power. Pillow Pads is bringing an innovative, new approach to serve this market and in a way that works seamlessly with the real estate, mortgage provider and Affordable Housing advocate communities.
Pillow Pads Technologies
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Squarespace ECommerce
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Gmail
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