New Way Homes

New Way Homes funds and creates below-market-rate rental housing: affordable, workforce, supportive, and other discounted housing.  We are proving a scalable new model for filling the HUGE housing production gap.  We do not compete for the scarce, government dollars for housing construction that is 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 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 our first >300 units under design.

Invest $250+ for You will be invited to all of our ribbon cutting events and online events.
$500+ Your name on a thank-you sign, tile, or brick at one of our housing projects.
$1,000+ You'll receive one of our customized New Way Homes hammers - as a thank you for helping us build affordable homes, we hope this helps you build your projects too!
$5,000+ You'll be invited to our approximately annual major investor events AND receive a framed, signed architectural visualization from one of the projects YOU helped to fund.
$10,000+ An affordable home will be dedicated to you or your designee, with onsite nameplate.
$25,000+ Your choice of a hard-hat tour of one of our construction projects or being one of the ceremonial ribbon cutters of a project at its opening event.
$50,000+ A community space, such as a rooftop deck or community room, will be dedicated to you or your designee.
Invest $250+ for You will be invited to all of our ribbon cutting events and online events.
$500+ Your name on a thank-you sign, tile, or brick at one of our housing projects.
$1,000+ You'll receive one of our customized New Way Homes hammers - as a thank you for helping us build affordable homes, we hope this helps you build your projects too!
$5,000+ You'll be invited to our approximately annual major investor events AND receive a framed, signed architectural visualization from one of the projects YOU helped to fund.
$10,000+ An affordable home will be dedicated to you or your designee, with onsite nameplate.
$25,000+ Your choice of a hard-hat tour of one of our construction projects or being one of the ceremonial ribbon cutters of a project at its opening event.
$50,000+ A community space, such as a rooftop deck or community room, will be dedicated to you or your designee.

You can make impact now. We've started construction on our first 19 homes, with 300+ in permitting.
You can invest in scaling a solution: our model can grow the missing part of the housing industry.
You can increase housing equity: many of our projects are creating housing owned by Black churches.
Our funders include Dignity Health, Facebook, Community Foundations in Santa Cruz & Silicon Valley.
You'll earn a steady return: we have a 4-year track record of making all interest payments.
Thousands of non-profits own land & want to develop affordable housing; we unlock that potential.
There isn't close to enough government funding to meet the growing affordable housing need.
Our team has decades of experience permitting, designing, operating housing & social services.

If $100,000 is raised

• 95% -- Pay for some pre-development expenses on affordable and mixed-income rental housing projects in partnership with churches (e.g. architectural design, engineering design, required studies, City fees).
• 5% -- Wefunder intermediary fees.

If $1,070,000 is raised

• 95% -- Fully fund the design and planning permit approval stage of our next six projects of over 300 rental housing units, including 120 supportive housing units, over 60 units restricted as low or very low income affordable units, and other below market rate units AND enable us to begin discussions with a next set of non-profit land owners for future projects.
• 5% -- Wefunder intermediary fees.

Sibley V. Simon - President
Former technology entrepreneur, founder of New Way Homes, co-founder of the 180/2020 Initiative & Treasurer of Housing Matters

Alyssa Willett - Chief Financial Analyst, Envision Housing
Leads finance & compliance for NWH; formerly Finance & Operations Director at Housing Matters

Pastor Raymond Lankford - Community Liason, Consultant
Executive Director of Healthy Communities | For over 25 years has connected resources to lower income neighborhood churches in Alameda County. UCSF Hospital Community Advisory Board Member.

Lexi Love - Intern & Lexi-of-all-trades
Social media coordination, constituent outreach, division I athlete, and future Ivy League graduate.

Promissory note with 4.25% interest per annum, paid annually for approximately 10 years. Maturity Date June 30, 2030. NWH can pre-pay at any time.