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Community Memorial Health System Becomes First Employer to Launch Steadworth Down Payment Benefit; Program Helps Recruit County’s Second Open-Heart Surgeon

Community Memorial Health System Becomes First Employer to Launch Steadworth Down Payment Benefit; Program Helps Recruit County’s Second Open-Heart Surgeon

Community Memorial Health System Becomes First Employer to Launch Steadworth Down Payment Benefit; Program Helps Recruit County’s Second Open-Heart Surgeon

Jul 4, 2025

Jul 4, 2025

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.


Start Now

Apply for additional down payment funds for your home purchase today

Start Now

Apply for additional down payment funds for your home purchase today

Start Now

Apply for additional down payment funds for your home purchase today