Non-Profit Development Of New Housing to Improve Housing Affordability, the Racial Wealth Gap and Climate
Lot to single family home in 120 days
Thanks to modular construction, we can turn an empty lot into am affordable all-electric single family home in 120 days or less.These steel-framed well-designed homes are designed to fit on a standard Chicago lot built by a Chicago factory, Kinnexx.The manufacturer is not a developer, so that's where our non-profit organization comes in. We partner with philanthropic capital, neighborhood real estate agents and local governments to develop empty lots into affordable homes - around $300,000 for a new 3 bedroom, 2 bath.We are seeking lenders, especially from foundations or family offices that are willing to lend below-market working capital for 120 days.A tax-deductible contribution can directly lower the purchase price for working families, allowing them to access the generational wealth of homeownership.Please reach out if you are looking to buy a new home in the $300s in Cook County or represent families who do - especially if you have access to the land.Read about the manufacturer's success in South Shore in the Crain's Chicago Business article and in East Garfield Park in the Block Club article below.This initiative is a project of the 501(c)(3) non-profit organization Incremental Improvements, led by Dan Johnson. Contributions are tax-deductible.
- Block Club Article on East Garfield Park development
- Crain's Chicago Business on South Shore development
