Brookes Group LLC | Application Preview
Brookes Group LLC is seeking government grant funding to support the completion of a housing development aimed at providing affordable homes for active adults in Crestline and Mansfield, Ohio. The funds will be used judiciously to cover expenses for local contractors, pave new roads, build driveways and sidewalks, and prepare homes for sale, addressing a significant housing shortage in the area due to the lack of new residences over the past two decades.
The business envisions expanding the concept of affordable active living to other communities in Central Ohio while growing their workforce and focusing on markets that larger developers overlook. Their pricing model positions them significantly lower than competitors like Epcon Communities, with homes offered between $135,000 and $155,000 compared to the $500,000 to $700,000 range of established options. This strategic pricing not only enhances accessibility but also meets the high demand for affordable housing in a scenic environment. The unique approach emphasizes addressing an underserved market, making a strong case for the approval of the requested funding.
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General Information
Business Registration Number: 85-3260741
Location: BALTIMORE, MD, United States
Length of Operation: Started September 20
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
The funding will be used sparingly as we build to the "open" of the development. Funds will be used to finish paying for contracting services performed by local Mansfield contractors, employing our local staff, paving new asphalt roads in the next section of the development, installing a sound barrier created out of soil between the development and the railway, installing new driveways and sidewalks, and making sure the homes are ready for sale to the ultimate buyers (55+ active adults in search of an affordable lifestyle in a small town). There's a huge need for new houses in the area with the last homes built over 20 years ago, this has created a huge need where the residents of Crestline, Ontario, and Mansfield have been starved for an affordable and safe community.
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Business Plan
I would like to bring the concept of affordable, active living to other communities in Central Ohio. I would like to continue to build and develop land, grow our number of employees, and help those communities larger developers have no interest in building in. We are a brand new housing product that aims to fill a very underserved need in Central Ohio!
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Self Identified Competition
We are priced at a 50% to 75% discount to Epcon Communities who build $500-$700K homes in their active adult communities. We are building homes in the $135-$155K making our offering perfect for everyone. Our development business is new but has big aspirations to give Ohioans more access to affordable single-home living in a picturesque landscape.
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Contact Applicant
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