Homemade Properties LLC | Application Preview
Homemade Properties LLC is seeking government grants to fund their rehabilitation expenses associated with buying and selling residential homes. Their business model centers on purchasing properties in low-income neighborhoods, renovating them, and then reselling them. In the long term, they plan to expand into commercial real estate, creating job opportunities for local residents.
The company's mission emphasizes community support and education, particularly in underserved areas. As a black-owned business, they prioritize giving back to their communities by providing learning experiences related to the housing market and homeownership. This focus on community involvement aims to empower residents, helping them become self-sufficient.
Homemade Properties faces competition from various real estate firms in Illinois but distinguishes itself through its community-centric approach. Unlike competitors, they actively engage local residents in the rehabilitation process, offering valuable insights into home buying and selling. This commitment to community education and support underlines their dedication to fostering sustainable growth in the neighborhoods they serve.
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General Information
Business Registration Number: 851543272
Location: Chicago, IL, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
These funds will be solely used to pay for the rehab expenses we have when we buy and sell home
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Business Plan
Homemade Properties focuses on buying residential homes to rehab, then re-selling them. Eventually we want to secure commercial buildings and provide job opportunities to those within the community. Majority of our work is done in low income areas. Homemade Properties is a black owned real estate company with a focus on developing in low income areas. It is our top priority to serve the communities that need our help. We make it a priority to offer learning opportunities to people from the community when doing our rehabs and show the what goes into buying and selling a home. The goal is to provide real work opportunities to these communities so they can become self sustaining. We are from these communities and we feel we have a duty to give back and assist them.
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Self Identified Competition
Our competitors are all real estate companies based out of Illinois. Homemade Properties actually brings in people from the community and shows them process of buying and selling a home. We just don't build and leave. We interact and give the people of that community insight so they can do for themselves going forward.
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Contact Applicant
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