This week, as a part of Landed’s broader expansion into healthcare, we’re excited to announce our launch with Sutter Health to bring new homeownership options to clinicians and staff of the Palo Alto Medical Foundation and Palo Alto Foundation Medical Group as well as employees of Mills-Peninsula Medical Center.
One question often discussed among teammates and customers at Landed is: What does “home” mean to you? As we uphold our mission to help essential professionals build financial security near the communities they serve, I want to take a moment to spotlight the story of essential professionals in the healthcare industry — the Wang Family — and what home means to them:
Yi and Esther Wang are saving up to buy a house, but for now, their son’s hospital room feels like home.
The Sunnyvale couple are both registered nurses and they both work with specialists – doctors who have extra training in a specific area of medicine – but they never expected that they would need specialist-level care for their firstborn.
At only 5 days old, Nathan Wang was diagnosed with Hirschprung’s disease, a rare birth defect that affects the intestine and prevents a baby from passing stool normally. Nathan needed life-changing surgery when he was just one month old and continues to need services in the hospital and outpatient pediatric specialty clinic.
“As a nurse manager I directly support pediatric specialists, so I know these experts are in high demand and short supply. Now, as a father, I’ve seen how critical it is that these specialists are available in my community – if we’d had to wait one day more or travel any further for Nathan to be diagnosed and get the care he needed - his outcome could have been drastically different.” Yi Wang, clinical manager for pediatric specialty care at the Palo Alto Medical Foundation (PAMF).
Yi and Esther have taken the availability of expert medical staff to heart; it’s one reason they are committed to buying a home in the area. They now have the potential for help with their goal in the form of down payment assistance from Landed —thanks to a pilot program option through Yi’s employer, Sutter Health.
Landed's shared-equity down payment program invests alongside homebuyers to help them reach a 20% down payment. Landed funds—up to $120,000 per household—come in the form of an equity investment in which homebuyers share in a portion of the gain (or loss, if any) of the home’s value once the partnership ends – typically by sale or refinance.
Sutter launched the pilot with Landed as one option to support their highly skilled workforce of doctors, nurses and others. “As the Wang’s story shows so well, when we maintain a stable, expert workforce it in turn helps enhance the health and well-being of the communities we serve,” said Elizabeth Vilardo, M.D., CEO for the Sutter Bay Medical Foundation.
Yi and Esther’s wish list for their future home is focused on making memories. They want a backyard for Nathan to toddle in and where their 3-year old Maltipoo dog, Beau, can roam free. A place where they can barbecue and grow a garden, teaching Nathan the value of growing your own food. They want a big dining room for Thanksgiving and Christmas gatherings, but also for weekly dinners with extended family. More than anything they want a nursery for Nathan, decorated in grey, white and blue.
Whatever the square footage or style of home, Yi and Esther know that what matters most is that they can be close to their work and close to ongoing care for Nathan. Having a view into both sides, as a nurse who works with pediatric specialists and now as a father to an infant who needed immediate medical care from those same experts, Yi says he has an even better appreciation for how vital he and other healthcare workers are to the livability of a community. “Like school teachers and firefighters, a community needs doctors, nurses, and many other healthcare professionals to thrive, we are essential workers and we can be counted on – every day and in emergencies – provided we can adequately live where we work. I am truly excited about the down payment assistance opportunity with Landed because I know that if I can buy a home here it will be better for my family and better for the families that my wife and I will care for as nurses for the rest of our careers.”
Learn more about online Landed info sessions for Sutter Health employees at landed.com/sutterhealth!