Impact Measurement and The HomeKeeper National Data Hub
HomeKeeper is part of our ambitious effort at the local, regional, and national level to not only improve program management practice, but also collectively measure impact. So when you become a participating organization, we link your account to the HomeKeeper National Data Hub, which seamlessly aggregates and crunches HomeKeeper data from participating organizations, and calculates a set of social impact metrics based on a core set of common fields and program procedures. See your program and performance metrics alongside the averages for your peer group. We’ve made all the aggregated data publicly available to you in our HomeKeeper National Data Hub Dashboard. Access it now or read our blog announcement for more details.
Tell more of your story, better.
Traditional home ownership program metrics have included: number of homes sold, number of households served, total dollars invested in home and buyers. Sound familiar? With HomeKeeper and the Social Impact Report, you can easily track these data points in real-time. But you can also track more revealing metrics such as: return on investment for sellers, growth of community investment over time, and the extent of affordability created by the program (shown above). Join us and discover how your program measures up. Having your program data in HomeKeeper means you can share your story faster with all of your stakeholders, including funders, policymakers and even homeowners.
Having all your data in one place gives you the information you need to promote better policy decisions at the local, state and national level. Make your case to funders, policy makers, supporters and opponents by letting your data do the talking. Current HomeKeeper members are discovering all sorts of better ways to communicate with decision makers. Here are just a few examples:
- Show the cost efficiency of your program model over time. “Our program’s initial community investment of $15 million has helped us preserve the affordability of a portfolio with a total market value of $50 million.”
- Show the demand for your homes your program builds.“We received 76 applications from buyers interested in 3 2-bedroom homes in the Laurel District just last month.”
- Calculate the tax contribution of your homeowners. “Our homeowners have contributed $123,000 in property taxes last year alone. Over the last 12 years, our homeowners have paid a total of $1.4 million in property taxes.”
- Sum up the total construction dollars you invested in the local economy. “By building and repairing 127 Homes in our community, our program has invested $63 million in development contracts to local design and construction companies.
- Count the actual number of students added to the local school districts. “Despite fears from some neighbors, our portfolio only added 2 children to the school district last year.”
- Identify the most common occupations of home buyers and link to the local economy. “Our program provides homeownership opportunities for healthcare workers, hospitality workers and teaching assistants.”
- Brag about your success. “Over 98% of of our homeowners are still homeowners 5 years later.”