A repeatable real estate model connects either donated funds or investor capital with housing capacity and recurring resources for family stability.
Identify Chicago three-flat properties that we can convert into transitional housing.
Convert three two-bedroom apartments into 12 transitional housing places, with 6 bathrooms.
Lease the entire property to a nonprofit operator, who takes care of the day to day management.
Service investor returns, cover business costs and allocate the balance to food assistance and SNAP support.
Income is distributed to official Food Banks only.
Retain a small proportion to build the SNAP guidance app.
A Greystone, 3 Flat in Chicago.
Chicago combines a supply of three-flat buildings, relatively accessible acquisition costs in selected neighborhoods and established transitional housing operators.
Three legal dwelling units, two bedrooms per unit and two residents per bedroom create a target of 12 beds. Additional bathrooms and suitable renovations are included where required.
Property-specific zoning, occupancy, licensing and building-code requirements must be independently verified before operation.
The model assumes 12 beds, 6 bathrooms and 12 tenants.
The preferred triple-net (NNN) lease assigns utilities, minor maintenance, internal damage and day-to-day resident issues to the nonprofit, subject to agreed terms.
Discover a charitable program designed to deliver support for Transitional Housing needs, food banks and SNAP applicants in-perpetuity.