New Way Homes

New Way Homes

A new approach to solving California’s housing crisis

A new approach to solving California’s housing crisis


Raised to Date: Raised: $251,000

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Year Founded



Real Estate & Construction

Tech Sector



Santa Cruz, California

New Way Homes is raising funds on EquityVest. The company is focused on developing below-market-rate and affordable houses, including workforce, supportive, and other discounted and financially sustainable houses. New Way Homes achieves its target by pairing private impact investment with new development strategies and non-profit landowners and has most of its partnerships with black churches for its current and future projects. The company has completed the construction of 19 homes, with 149 more units entitled and over 300 units in the development pipeline. Sibley V. Simon founded New Way Homes in April 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, general working capital, interest payments, and loans for affordable housing development.

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Financials as of: 11/21/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
New Way Homes 04/30/2024 EquityVest - $251,000 Debt Active RegCF
New Way Homes 04/30/2021 Wefunder - $506,656 Debt Funded RegCF
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New Way Homes on EquityVest 2023
Platform: EquityVest
Security Type: Debt

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