Affordable DevCorp, LLC | Application Preview
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General Information
Business Registration Number: 92-0923432
Location: Miami, FL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Working capital for us to be able to front job costs while waiting for reimbursements on projects
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Business Plan
We are developing larger and larger projects that will break ground in q4 of 2024 and 2025 We are dedicated to delivering affordable housing to the market that gives pride to the residents. We do not believe that "affordable" should mean "less than". In our first year, we renovated 6 units for a local church; one of the residents had nothing to her name so we furnished the unit fully for her out of our own pockets. We believe that investing in the community will help us grow stronger. Miami has a serious need for non-luxury units, however that doesn't mean "amenity free". By investing in us, we will further our reach and provide more affordable roofs over people's heads.
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Self Identified Competition
To our knowledge, there are no small developers focused on affordable development. We take on small projects as we believe that by restoring dilapidated units while developing large scale apartment buildings, we are solving the housing crisis in an immediate and long term manner. There is no reason off line apartments cannot be invested in and brought back to life to get affordable units into the market. We do this while going after site plan approval for mid-rise affordable buildings.
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