For Kimberly Sanchez, the common denominator underlining her transition from CEO of a Florida law firm to executive director of North Carolina’s Community Home Trust was simple: passion.
The nonprofit, which was led by Robert Dowling until late 2019, has expanded in recent years to become the most frequent vendor of affordable housing through partnerships with large companies like health insurance provider Blue Cross Blue Shield. Dowling said he hopes Sanchez’s experience leading a multi-county law firm will aid the organization’s further expansion.
“I hope that she takes the organization to higher ground,” Dowling said. “I was there for 22 years, and we took the organization from where we were in 1997 to where we are today, a very different place, and that over the next three, five, 10 years she continues to evolve and continues to serve the citizens of Orange County.”
Sanchez said the unique collaboration Community Home Trust facilitates between governments, nonprofit organizations and homeowners by using the land trust model has made the nonprofit an attractive fit for her skill set.
“The wonderful thing about that is because it’s inclusionary, it’s part of the development and project from the very beginning,” Sanchez said. “It develops a neighborhood that is much more inclusive and much more diverse for the community without standing out in a way that could be perceived by other persons or communities as negative.”
According to the Community Home Trust’s website, its land trust model comprises of buying homes from local developers — who are required by local government to make a portion of their housing units affordable — and reselling them to low-income clients at an affordable price.
"As a result of local governments’ housing policies, Community Home Trust is the primary provider of affordable homeownership in Orange County," the website says. "Our homes typically sell for between $90,000 and $155,000 or 30% to 50% below the market value."
Sanchez also said her expertise in landlord-tenant and property law fits the changing work of Community Home Trust well. She said she hopes to bring a new perspective to affordable housing dialogue.
“Everybody recognizes that there’s a larger conversation going on involving affordable housing,” Sanchez said. “But we don’t always understand why it’s particularly important."