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


NEW WAY HOMES FUND

Local
Your investment is put to work here in our region.


Simple
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.

NEW WAY HOMES GOALS

  • 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.