An investment into workforce and affordable housing from Monterey to Oakland can be a sound financial decision, and one that contributes to the creation of a sustainable community.

New Way Homes' vision is made possible by 

Grant support:

The Inspiring Enterprise
The Hastings/Quillin Fund, an advised fund of Silicon Valley Community Foundation
Central California Alliance for Health
Nina and Sibley Simon
Diane & Richard Klein

Investors / lenders:

Rowland & Patricia Rebele
Claudia Brown & David Evans
Sandy Gmür
Diane & Richard Klein
Sally Arnold & Christine Weir
Housing Trust Silicon Valley
Matt Guerrieri
Santa Cruz County Bank
Michael Holton
Daniel Spelce
Yolanda Provoste-Fuentes
Dignity Health
Religious Communities Investment Fund
Ted Burke
Community Foundation Santa Cruz County
Several Anonymous Investors


Your investment is put to work here in our region.

You receive a 10-year Note. Annual interest payments have a minimum payment of about 2.5%. The target average annual return over all 10 years is 6%.

Measured, Transparent Impact
New Way Homes will measure and report on both the financial and social return on the fund.


  • Create environmentally and financially sustainable rental housing rented at below current market rates, without government subsidy for acquisition, development, and construction.
  • Creating sufficient supply to end the rapid rise in median rent in our region.
  • Creating the rental housing needed for our diverse workforce of today and our economic development of tomorrow.
  • Providing housing for all subsidy-supported households. Creating sufficient permanent supportive housing for services-supported individuals with special needs.
  • Adding to local economic growth by reducing the percentage of their income that households in the region pay for housing.
  • Realizing the vision of local jurisdictions for higher density areas that lessen transportation burdens.