Affordable Housing that Actually Works
Functional Housing leases quality Chicago apartments, then rents those homes at fixed, affordable prices. Our model can bring new affordable housing to neighborhoods in months instead of years.
One Building · One Lease · Affordable Homes
How much a resident's rent will go up when their income increases. Rents are fixed for the length of the lease — income is checked once, at move-in.
From the day we sign a lease until residents move in. New construction for affordable housing can take years — we leverage buildings that are ready for tenants now.
The share of residents we aim to see generate $2,000 in savings within 24 months.
An Innovative Model for Affordable Housing
Traditional housing assistance models calculate rent based on income, but we believe that affordable housing shouldn't tax people for getting ahead. Functional Housing was founded on the simple idea that housing stability should give people more room to move forward, not less.
Our master-lease model can create new affordable housing faster. Every resident who moves into a Functional Housing home will also benefit from tailored support in achieving employment, earning, and savings goals. We believe that person-centered affordable housing programs can reduce social inequalities and strengthen communities.
Wherever You Sit, There's a Role to Play
Funders
Help us revolutionize affordable housing and change lives.
Developers & Property Owners
Guaranteed income and no vacancy risk — we'll take it from here.
Nonprofit Partners
Collaborate with us to refer residents and provide services that empower them to achieve their goals.
Government & Public Agencies
Explore a new model for expanding access to stable housing and empowering economic mobility.
Affordable Housing Should Help People Move Forward.
Functional Housing is bringing a different model to Chicago: one building, one lease, and one resident at a time. We believe in a new future for affordable housing that puts people in homes faster, strengthens neighborhoods, and empowers families. Join us to help change housing today.
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