Charting a Path for Growth

At Riverton Community Housing, we are guided by the principle that a strong and resilient organization is built on a foundation of deeply held core values and strategic foresight. In our  recent strategic planning process, we took a significant step in redefining our path forward, firmly anchoring our future endeavors in the values that have always shaped our mission.

Strategic planning is the backbone of our efforts to set clear objectives, allocate resources efficiently, and strengthen our operations. For Riverton Community Housing, strategic planning is more than a business imperative; it's a chance to revisit and reinforce our core values across all aspects of our work. These values act as our north star, informing our strategic choices and organizational direction.

A key outcome of our strategic plan was the decision to add a shared ownership equity gaining co-op model to our offerings. This approach is in harmony with our core values and aims to foster shared equity, while integrating environmental and financial sustainability with stronger community engagement. This unified strategy adds strength to the communities we serve. success.

Looking ahead, our strategic priorities are clear:

• Development of New Cooperative Operating Model: We will survey the current market to identify, access, and implement potential alternative cooperative models that align with Riverton's values and vision. This includes exploring alternative forms of homeownership, such as limited equity co-ops, that offer easier entry into ownership and provide a continuum of housing options.

• Enhanced Financial Sustainability Initiatives: We will focus on building the organization's long-term financial stability by developing tools to assess cash flow, capital improvements, and investments. This includes creating a dynamic cash flow tool, establishing a unit renovation plan, and reviewing ESG goals to inform investment guidelines.

• Enhanced Community Engagement Initiatives: We will continue to strengthen and enrich our collaboration with our cooperative communities. This includes developing a business plan for our Community Engagement Department, establishing impact assessment metrics, defining objectives for an Alumni Relations Program, and engaging in relevant policy initiatives through public policy. 

• Intentional Environmental Sustainability Initiatives: We will develop green standards for materials, products and systems used in our co-ops, identify funding opportunities, and create educational programs to facilitate environmental sustainability efforts. This includes establishing renovation standards, defining procedures for enhanced use of our Environmental Fund, and conducting educational events on green living.

These strategic priorities are interconnected and mutually reinforcing, allowing us to build a more sustainable, equitable, and engaged community. By adding a shared ownership equity gaining co-op model, we can offer innovative and equitable homeownership options. Enhanced financial sustainability ensures the long-term viability of our organization. Deeper community engagement fosters a sense of belonging and shared responsibility. And intentional environmental initiatives contribute to a healthier planet for current and future generations.

"I am energized by Riverton's strategic vision, which is aimed at deepening our impact. From leveraging the housing co-op model to help bridge the homeownership gap in Minnesota to an intentional focus on environmental sustainability to building out a Community Engagement Department, we are continually looking for ways to influence positive community change." - Mary Novak, Executive Director

As we research the addition of a shared ownership co-op model, stakeholder engagement remains a top priority. We believe that by aligning closely with our values and involving the community, we can meet today's needs and lay the groundwork for a sustainable, inclusive future.



Join us on this transformative journey as Riverton Community Housing moves confidently into a future where our community stands stronger and more empowered than ever.