Savers Village
About this raise
Savers Village, a workforce housing project in Newark, NJ, is raising funds on Small Change. The project will offer affordable housing to families, in addition to giving them a pathway to financial freedom and homeownership. The landlord will deposit 10% of the rent in the tenants’ savings account each month. DS Real Estate will manage Savers Village. The proceeds of the current crowdfunding campaign, with a minimum target of $1,000 and a maximum target of $600,000, will be used to build the 39-unit project. Savers Village will not only make housing affordable but also build wealth and help transform a neighborhood.
Investment Overview
Invested $42,400 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
05/01/2021 | Small Change | - | $42,400 | Equity - Preferred | Funded | RegCF / RegD 506(c) |