FOR IMMEDIATE RELEASE

Steadworth today announced the closing of its first transaction under a new contract with Community Memorial Health System (CMHS), a regional hospital network serving more than 800,000 residents in Ventura County, California.

The inaugural buyer—a newly recruited cardiothoracic surgeon—was able to finalize the purchase of a $1.8 million home in Ventura through the Steadworth-structured benefit, bringing critically needed open-heart surgery capacity to the region. The surgeon is only the second specialist of his kind practicing in the county.

“Housing costs routinely derail recruitment for high-demand professionals,” said Sanjay Kutemperer, Founder & CEO of Steadworth. “By letting employers deploy part of their own capital alongside a proven financing framework, we remove that barrier in a way that also strengthens long-term retention. This first closing shows how quickly the model can translate into both community impact and economic value.”

Under the Steadworth structure, employers dedicate a pool of funds that is paired with each participating employee’s contribution to reach a 20% down payment. In return, the employer and employee share a portion of the home’s future appreciation at the end of a fixed term (for example a. five- or seven-year term). The arrangement positions the benefit as both a talent magnet and a retention incentive, while giving organizations a novel channel for deploying balance-sheet capital.

Steadworth is currently in discussions with several additional employers across healthcare, technology and public-sector fields to replicate the CMHS program.

About Steadworth

Steadworth partners with employers to offer down payment assistance that unlocks homeownership for high-earning professionals who lack sufficient upfront savings. The shared appreciation structure aligns the interests of employees, employers and investors while generating measurable community benefits.