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Santa Cruz, CA

Creating affordable housing by partnering with nonprofits to reduce housing inequality in California.

• Mission: Address California’s housing crisis by developing affordable, below-market-rate housing for underserved communities, with a focus on reducing housing inequality and promoting community stability.  
• Innovation: Partners with nonprofit landowners, particularly Black churches, to develop housing projects that are owned by these organizations, ensuring long-term community control and minimizing displacement.  
• Impact Strategy: Combines private impact investment with innovative development strategies to create sustainable, affordable housing while addressing systemic inequality and discrimination.  
• Growth Focus: Expanding housing projects with over 350 units currently under development in the Monterey Bay and San Francisco Bay regions, and continuing to collaborate with mission-aligned organizations.  
• Social Impact: By aligning with nonprofits and mission-driven partners, New Way Homes ensures that affordable housing remains accessible to lower-income communities of color, promoting long-term community stability.

New Way Homes is focused on addressing California’s housing crisis by creating affordable, below-market-rate housing for underserved communities.

The company partners with nonprofit landowners, particularly Black churches, to develop new housing projects that will eventually be owned by these organizations, promoting long-term community stability and reducing displacement.

With several projects already completed and more in the pipeline, New Way Homes seeks to pair private impact investment with innovative development strategies to provide solutions for housing inequality and discrimination, ensuring access to sustainable housing for lower-income communities of color.

Company Info

New Way Homes develops affordable housing in California through community partnerships and investment funding.

New Way Homes is focused on addressing California’s housing crisis by developing affordable and below-market-rate homes. The organization operates an Affordable Housing Impact Investment Fund that allows individuals and organizations to invest in housing projects while earning returns. By partnering with mission-aligned landowners, such as churches and non-profits, New Way Homes aims to create sustainable communities without requiring upfront capital from these partners. The fund is designed to maximize housing affordability and minimize risks associated with development, while also promoting environmental sustainability. New Way Homes has completed several projects in the Monterey Bay and San Francisco Bay regions and continues to work on new developments, with over 350 units currently under development. Their approach includes innovative financing strategies and collaboration with various stakeholders to meet the increasing demand for affordable housing in California.