Just to be clear, if I were to invest via this form, it would not be a donation, right? I could expect to get my investment back plus 4.25% interest (with a certain degree of risk, of course)? It very much seems that this is the case, but wading through all the financial termi...

Wren, yes, you are right! Even though we are a 501c3 nonprofit, these are not donations (and so not tax deductible). The principal is due back to you at the end of the approximately 10-year time period. We can pay that back because construction or permanent financing pays the $ from projects back to the NWH fund. Our first two projects have already done this payback to the fund, and that capital is being reused on next projects. Thank you so much for yo...

Great idea. I truly appreciate that. I would had invested if it was not a Loan. I only prefer equity in the company.....

Thanks Sagar. Of course as a nonprofit, there is no equity ownership in our org by anyone. But I appreciate the positive comment about the mission.

When does this investment opportunity close. And do the payouts begin Ten Years After one invest

Paul, we don't have an exact plan for that - we're seeing how this goes. As I understand it, the legal limits are a) we have to close the campaign by a date in early March at the latest, and b) the maximum we can raise in crowdfunding is $1,070,000. Since housing takes a lot of $ and we have many opportunities to do great housing projects, we may well keep the campaign open until we hit one of those limits or the other. On your second question - the payouts begin in year 1. We pay out in Q1 o...

Hi Sibley! Are there any plans for New Way Homes to expand outside of California? Meaning, would you eventually like to build homes in other states?

Thanks A.J. There are not such plans today. While I wouldn't rule it out completely, the fact is that CA needs over 2 million more homes for its population today, so it's hard to see past that. That said, we want to maximize our impact. I could see us approaching this in a couple ways once we have larger-scale proven success in CA. Here are my quick thoughts.a) us having mission-driven activities that promote helping _other_ people doing ...

A very interesting project. I wish you luck. Sorry if this is an ignorant question, but where does the money come from to repay investors? I saw 'construction funds' in the FAQ, but what does that mean? Isn't that what investors are providing? If not, what exactly are investor...

Brand,Thanks for asking for clarification. The funds we raise here are used for pre-development, which basically refers to all the work that goes into a project before construction can start. That's the lengthiest part of the project by far and the most uncertain; therefore the hardest part to fund. It includes establishing land partnerships in our case, and then investigation of the site (often environmental studies, surveying, infrastructure studies), then design...

New Way Homes

A new, scalable solution for creating affordable and below-market-rate housing

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