Renters vs. Owners
PCC’s Center, SACC, Preschool and Church have over 50+ FT and 200+ PT employees. The overwhelming majority are renters, a minority own their homes.
PCC Staff Needs
Each week PCC serves over 5000 adults and 6000 kids through PE+, afterschool, worship, fitness, Street Life, and dozens of ministries locally and abroad.
Out Of Range
Median Home in RWC: $1,753,664 (6/23/2021 Zillow)
Capital Required: $3 Million to buy a 4-plex, fund reserves, operations, and seed our next purchase
STRATEGIES & MODELS
Aslan Housing Foundation provides ministry professionals with mentoring and coaching to develop personalized housing plans designed for their unique capacities and objectives. Information obtained through the coaching program assists Aslan in providing the most beneficial and desired housing solutions. Aslan coordinates with PCC as the employer in providing available housing solutions to ministry professionals in accordance with its Housing Policy.
Aslan provides capital alongside ministry professionals’ down payments to make their mortgages manageable. Aslan retains the gain (loss) on its share of the equity upon the home’s sale and then plows those funds back into new equity shares. Ministry professionals keep the equity from their down payment, the equity from their mortgage amortization, and their share of the market gain (loss). Win-win!
Aslan purchases duplexes, retains the land and offers land leases for $1 to ministry professionals who buy only the homes (structures) that sit on the land. This smaller purchase for the home buyer helps lower income earners. The sale and resale prices of the homes are tied not to the market but to the incomes of ministry professionals at the time of the transactions. This provides durable affordability to successive buyers.
All employees are eligible for Housing Coaching to develop their personal savings strategies and housing solutions.
Can you make a monthly gift to Aslan? Every little bit helps. Your monthly donation makes it possible to pay utility bills and mortgage payments on the King House property.
Retire the Debt
Help us retire debt on property we own. Liquidity events and larger donations don’t just help us acquire!
Path to the Promised Land
Look, if homeownership is the Promised Land of stability and building a future, then renting in the market is Egypt! Aslan helps staff cross over instead of letting them wander around in the housing wilderness alone.
Your generosity is of practical help and profound engagement. Instead of insecurity and fear for the future, staff can plan for a future here. You will provide safe, simple homes they can afford to rent and get them on a path to save for the next step on the Road to the Promised Land— homeownership.
Aslan’s vision is a Peninsula with thriving ministries powered by thriving staff. The biggest threat? Lack of affordable housing for singles and couples in the entry-to-mid career segment. You can change that!
You can fulfil the law of Christ by bearing the burdens of staff. You can build the Kingdom because there is less churn and chaos at the church. You!
Imagine the impact! Because of you, emerging leaders in student and family ministries have affordable homes. Because of you, PE+, Preschool, and School Age Child Care can recruit and retain gifted workers.
Other Ways to Give
As a public charity, Aslan offers the highest tax-deductibility available to donors.
Now to him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us… Ephesians 3:20
- Key Concept: God’s capacity and imagination exceed ours
The elders who direct the affairs of the church well are worthy of double honor, especially those whose work is preaching and teaching. For Scripture says, “Do not muzzle an ox while it is treading out the grain,” and “The worker deserves his wages.”
1 Timothy 5:17-18
- Key Concept: We are called to honor ministry professionals through provision.
Bear ye one another’s burdens, and so fulfill the law of Christ. Galatians 6:2
- Key Concept: Obedience to Christ requires us to support one another.
Don’t you know that those who serve in the temple get their food from the temple, and that those who serve at the altar share in what is offered on the altar? In the same way, the Lord has commanded that those who preach the gospel should receive their living from the gospel.
1 Corinthians 9:13-14
- Key Concept: It is a command of God that ministry professionals receive their living from their church community.
Aslan partners with PCC to develop long term housing solutions that meet the needs of its Center, Preschool, School Age Child Care, and Church employees.
Aslan is an independent tax-exempt supporting organization of PCC and all assets are dedicated to housing solutions. Aslan partners with Center, Preschool, SACC and Church employees to co-create deals that are affordable and life-changing.
Make an impact now. Partner with us to make an impact now in the lives of ministry professionals dedicated to serving our community of Redwood City.
WHO WE ARE
Aslan Housing Foundation enables individuals serving the mission of PCC to create a long-term housingsolution for their families.
Over its 65+ year, PCC has grown from a small Swedish-American congregation on Farm Hill to a thriving multicultural, multigenerational hub of activity throughout Redwood City. As PCC has grown in size and scope it has attempted to support its ministry professionals with a variety of housing assistance.
Yet, as the real estate market has exploded and PCC grows with national hires, it became painfully clear in 2017 that PCC’s heart to serve the community is principally constrained by housing prices. High and rising rents and home prices affect recruitment and retention of staff. After years of watching the problem grow, a group of lay leaders came to recognize that PCC lacked bandwidth and expertise to solve the problem. Aslan was born. Incorporated and declared tax-exempt in 2018, Aslan Housing Foundation’s sole aim is to co-create housing solutions for ministry professionals serving PCC’s mission.
Christ is our Cornerstone.
Homes are the locus of a thriving community.
All of God’s people have a role to play in co-creating housing solutions.
We do nothing about the people we serve without the people we serve.
We seek to be transparent, benevolent, efficient, determined, and wise.
HOW IT WORKS
Aslan Housing Foundation provides ministry professionals with mentoring and coaching to develop personalized housing plans designed for their unique capacities and objectives.
How We Do It
Aslan offers 1:1 housing coaching to all staff of PCC’s Center, Church, Preschool, and School Aged Child Care. Our goal is to understand how housing affects them personally, in their position at PCC, and their private goals. This coaching can help PCC staff ground their goals and strategies. It also ensures Aslan is co-creating housing solutions that meet price, location, size and other features important to staff. A core value of Aslan: Do nothing about staff without staff. Aslan has a committed team of advisors that help navigate real estate, personal budgeting, and lending.
Great question! Yes, wow, prices are high. Aslan is committed to long-term, equity-based solutions. This is expensive for Aslan. But the value is long-term stability and growth for staff and PCC. PCC rental assistance has a role in stabilizing the home situations for some staff. However, funds spent on that exit the PCC ecosystem and cannot be recouped. Instead, Aslan comes alongside staff wishing to buy a home and through a series of scaffolded steps moves them along the continuum from renting to home ownership.
Aslan is run by a seasoned group of executives with deep experience in real estate, development, law, philanthropy, insurance, planning, and finance. We have a team of advisors that provide strategic and tactical assistance.
Who We Help
Aslan doesn’t make this call. PCC’s Housing Committee decides who gets what form of housing assistance regardless of whether it is funded by Aslan or PCC. We think this is the best way to lean into our role as a supporting organization of PCC. There is a set of qualitative and quantitative criteria that inform the Housing Committee decision-making process.
All full-time staff at PCC’s Center, Church, Preschool, and School Aged Child Care are eligible to receive housing coaching from Aslan. They are also encouraged to participate in the PCC Housing Committee’s annual compilation of employee information that is used in the decision-making process which assigns available resources to the best-qualified staff recipients. For more information, contact your PCC supervisor. Even if you don’t get assistance at first, keeping the Housing Committee up to date is important as staff transitions and available resources happen throughout the year.
Aslan, in cooperation with PCC, is committed to helping all full-time employees that advance the mission of PCC regardless of the PCC business unit of which they are a part. Historically, PCC just focused on housing for pastors. However, PCC has come to see itself as a mission with a church (rather than a church with a mission). Therefore, all staff are important to the mission. You might also have heard that there are tax issues associated with housing for pastors. Correct! Aslan and PCC work with staff to optimize housing assistance for tax purposes.
People who serve the mission of PCC thrive at work and at home because their housing needs are met. PCC stakeholders grow as disciples as they participate more fully in the Kingdom of God on Earth as is it in Heaven.
PCC has a bold hope for the community.
Aslan is here to ensure PCC staff can thrive as they bring that hope to the community.
Be a part of Aslan’s impact.
Bold gifts got PCC to where it is today. Help us ensure PCC’s mission can continue to grow in the community—help our staff stay in Redwood City and thrive through stable, secure, affordable long-term housing solutions.
As a public charity, Aslan offers the highest tax-deductibility available to donors.
The easiest way to learn more about our work and how you can get involved
is to contact us. We are happy to walk through our detailed process
and answer questions not covered here.