Real Estate
Black-ownedPeople of Color
Saver’s Village
Work-force housing designed to turn tenants into home-owners.
Newark,
NJ
Investment type:
Equity
Target raise:
$200,000
- $600,000
Minimum investment:
$1,000
$1,000
End date:
May 01, 2021
May 01, 2021
ended
Highlights
Affordable. Workforce housing development.
Building wealth. Providing a path to home ownership for tenants.
Blight to right. Helping to transform a neighborhood.
Scalable. Building a replicable investment model.
Triple bottom line. Offering a return to investors, the neighborhood and the tenants.
Savers Village is a workforce housing project with a twist. A four-story, multifamily, infill project in Newark’s West Ward, the building will have 39 apartment units, community room and office space. And while its primary goal will be to house families affordably, Savers Village will also offer those families a pathway to financial independence and home ownership.
Our Ambition
Each tenant will have a brokerage savings account established in their name into which 10% of their rent payment will be deposited each month to accounts managed by DS Real Estate Investors. The goal is to create impact that produces two outcomes: a good financial return and positive social change.