The Building Neighborhood Equity in Small Multifamily Ownership initiative is a collaborative effort led by Family Housing Fund. The goal is to address racial wealth disparities by facilitating homeownership for low- to moderate-income households, particularly those in BIPOC communities, through owner-occupancy of small multifamily properties. Wilder Research conducted a comprehensive program evaluation, and this report presents the initiative’s three-year journey, outlining its progress, achievements, challenges, and insights obtained from its implementation.