Silvernest and Open Up associate on homesharing initiative to create cheaper rental flats in Denver | information

DENVER, July 21, 2021 / PRNewswire-PRWeb / – Silvernest and Open Up join forces in a home-sharing program aimed at providing more affordable housing options for residents of the Denver metropolitan area. As part of the collaboration, Open Up will use Silvernest’s online platform to match employed tenants in career development programs with homeowners who choose to rent space in their homes.

By working together, the organizations hope to increase the acceptance of home sharing in the Denver Area and help to solve community challenges such as B. an immediate inventory of more desirable, budget-friendly rental housing and tackling homelessness.

Denvers Apartment prices are rapidly rising to levels significantly higher than before the pandemic, with the monthly rent for a one-room apartment being average $ 1,724 – a price that is unattainable for many local residents. At the same time, a report estimates that there are around 442,000 condominiums in the metropolitan area that have vacant bedrooms.

Open Up’s home sharing program benefits tenants by giving them access to housing options that are typically below market rental rates, which is average $ 659 a month. Meanwhile, homeowners can use their homes to generate additional income and reap the satisfaction that comes with helping their neighbors.

“Open Up is excited to bring Silvernest’s world-class platform to our hard-working customers so that the search for a safe, stable, and affordable home is easier within their reach,” said Andy Lyde, CEO of Open Up. “Together with Silvernest we demystify home sharing in Colorado with a user friendly and simple process to find a great apartment match. Now working Coloradans have instant access to cheaper housing and they don’t have to spend more than 30% of their salary just to live in their preferred location. “

By using Silvernest’s all-in-one home sharing platform, Open Up can make the process as simple and straightforward as possible. Open Up customers now have access to the technology tools they need to match with potential roommates on a compatibility basis, request wallpaper screens (sponsored by Open Up), communicate securely without sharing personal information, Colorado-specific rental agreements and manage automated payments.

“Silvernest is proud to work with nonprofits to scale and support their critical work in the communities,” said Amy Ford, Vice President, Strategic Partnerships and Business Development at Silvernest. We strongly believe in the power of home sharing and its positive effects, and working with Open Up allows the team to focus on case management and solid support for those who may need it. We’re here to make the rest of the process easy for everyone. “

Homeowners and tenants interested in sharing a flat via Open Up can get started here:

About Silvernest

Silvernest was created to transform our lives by bringing the many benefits of home sharing (independence, housing choice, financial wellbeing, strong social connections) on a large scale through an all-in-one online home sharing platform. Features include roommate mapping via a proprietary compatibility algorithm, in-app messaging and wallpaper screens, a rental agreement creator, automatic rent payment, insurance, and an online hub of resources and tools. To date, we’ve helped homeowners and tenants over $ 50 million in rental income and savings from sharing apartments with a compatible roommate. Visit us at, read our blog and follow us on Facebook and Twitter.

About Open Up

Open Up provides existing communal living space for people with a median income of 30 to 50% in Colorado as affordable housing. While Colorado There is a lack of affordable living space, but also unused bedrooms. Homeowners earn extra income by sharing their home and our clients save money. Instead of spending a large part of their income on renting, our customers average in 2020 $ 659 live in a shared apartment every month. Visit us at and follow us on Facebook and Instagram.

Media contact

Rebecca Scanlan, Silvernest, +1 (303) 733-0328, [email protected]

SOURCE Silvernest

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