New Way Homes funds and creates below-market-rate rental housing: affordable, workforce, supportive, and other discounted housing that is all financially sustainable. We are proving a scalable new model for filling the HUGE housing production gap. We often partner with non-profit land owners like churches who have available land for mission-driven housing. We do not compete for the scarce, government dollars for housing construction that are already fully used.
In 5 years, we want to have created an entire new part of the housing industry that has a fair balance between investor returns and maximizing affordability. We hope to be creating thousands of units of mission-driven housing per year in the least affordable areas of California and that others will be duplicating what we're doing here and across the country. We already have non-profit land owners coming to us at the rate to achieve this and 350 units under design or in construction.