Launch Pad: New Doctor Hopes Her First Home Will Be Forever
Oct 16, 2020
Emma Dugas
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Catherine Martin D.O., MPH has spent seven years and $400,000 training to be a doctor, but time and money don’t reflect the full price of becoming a physician.

“I’ve made countless sacrifices, put my life on hold really, so I could meet the 60 to 80 hour a week demands of medical school, clinical rotation and residency,” said Dr. Martin. One career-delayed goal she hopes to revive: living with her fiancé and buying a home together, a move that economists call ‘household formation.’

Dr. Martin’s dream of homeownership may receive an unexpected boost, in the form of down payment assistance from Landed —thanks to a pilot program option offered through her employer, the Palo Alto Foundation Medical Group, affiliated with 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.

By providing access to opportunities like Landed, Sutter hopes to enable employees and clinicians to live where they work and in turn enhance the health of the communities they serve. “I know how difficult and costly it is to become a doctor, and I also know how rewarding it is to help people live healthy and productive lives,” said Elizabeth Vilardo, M.D., CEO for the Sutter Bay Medical Foundation. “Sutter looks for ways to support its healthcare workforce, so that they can support patients for all their years.”

Dr. Martin is eager to settle down and hopes her first home with be her forever home, because she is already committed to the community where she works. “I can’t see myself anywhere else,” remarked Dr. Martin. “I chose to go into family medicine because I want to care for my patients from cradle to college and I knew that in Watsonville I’d have the honor of caring for multiple generations of the same family, forming relationships with my patients that span decades.”

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