Housing JV is tackling one of the largest crises facing the United States today by leveraging a rare convergence of economic and political opportunity. Americans face a crisis in housing affordability. Increasing rental costs place affordable housing out of reach for millions. Nearly 1 in 2 renters households spend over 30% of their income on rent, while 1 in 4 spend more than 50% of their income on rent.
Meanwhile, a new national community investment program identifies Opportunity Zones in low income neighborhoods across America. The tax-incentive based program stands to unlock $2 trillion in capital specifically for investment in areas hit hardest by the adorable housing crisis.
Housing Joint Venture is a marketplace for bringing together impact investors and low-cost housing developers. Accredited investors - non-accredited pending - can pool money online to buy shares of pre-vetted investment properties like residential homes and apartment buildings.
Traditional tools including housing vouchers, rent control and developer requirements have not been able to resolve the national housing affordability woes. Developers need low cost of capital to increase housing supply. People seek investment opportunities that beat the paltry average 0.06% rate of return at the bank.
$1M in real estate deal funding volume pending.November, 2017
Launching fully automated technology platform, built from code, and scalable.July, 2018