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The best source for news and information about crowdfunding for good.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Platforms

News about crowdfunding platforms.

Solar Finance Pioneer CleanCapital Closes 3.7M Investment Round to Help Investors Tap Solar Market

Funding round led by leading equity crowdfunding platform, SeedInvest, will be used to accelerate technology roadmap and scale operations

Press Release – NEW YORK, NY- [Nov 14, 2017]CleanCapital, an innovative online marketplace for clean energy investing, announced today that it closed its Series A with a total investment of $3.7 million. This investment came through 50 investors to include FinTech and cleantech leaders as well as SeedInvest’s Selections Fund in this latest round.

Over the past five years, the solar market grew an average rate of 72% per year, fueled by regulatory stability and reduced install costs. CleanCapital allows investors to capitalize on that explosive growth by connecting them with investment-ready solar portfolios of projects across the United States. To date, the team has financed over $50M of solar projects and more than 20 MW in operating solar assets. CleanCapital reduces barriers for institutional investors to access projects, and allows project owners to seamlessly exit their current portfolios. The typical timeline for new entrants to source, evaluate, underwrite, and close clean energy projects can take up to a year. CleanCapital is bringing efficiency to this process by significantly reducing the timeline on transactions.

“There is a sizeable opportunity to provide investors with access to new types of alternative investments and we were impressed with CleanCapital’s solar platform,” stated Ryan Feit, SeedInvest CEO and Co-Founder. “Our Selections Fund invests alongside our broader investor base in some of the most promising companies on our platform and we were excited to back CleanCapital,” he continued.

CleanCapital competed to be featured on leading startup fundraising platform SeedInvest which historically has accepted just 1% of startup applicants. In addition to SeedInvest, cleantech leaders including Jeff Phillips, Treasurer and Co-Founder of the Corporate Climate Alliance and Barney Schauble, Managing Partner of Nephila Advisors join FinTech pioneers Ron Suber, President of Prosper Marketplace, Jon Barlow, Founder of Eaglewood Capital Management, and Bradley Pattelli, Former Chief Investment Officer of LendingClub with investments in CleanCapital.

The new investment will allow CleanCapital to accelerate its technology roadmap and scale operations, growing its team with leading industry experts. Recent hires include seasoned finance expert, Matt Eastwick as Head of Capital Markets and award winning Creative Director, Jurgen Altziebler as Head of Design.

“To accelerate clean energy growth we need to create a marketplace that provides all investors with simpler, understandable ways to invest in this asset class. We are thrilled that SeedInvest recognizes the value CleanCapital brings to the clean energy marketplace,” said Thomas Byrne, Co-founder and CEO of CleanCapital. “CleanCapital is committed to attracting more investors to the space by creating a new marketplace for clean energy, one that is driven by transparency, efficiency and accessibility.”

“As clean energy market grows as an asset class, mitigating risk will be a key component in attracting new investors,” said Barney Schauble, a Managing Partner at Nephila. “I believe CleanCapital can grow substantially by leveraging technology to address market inefficiencies and increasing the flow of capital throughout the clean energy marketplace.”

About CleanCapital:

CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital allows accredited investors—including institutional investors, family offices, and investment funds—to invest in secure and diversified clean energy projects. Investors can monitor investments in real-time using our seamless online platform. We were founded in 2015 and are headquartered in New York, NY. Stay up to date on the evolving market of clean energy finance by signing up on our website, following us on Twitter, liking us on Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

About SeedInvest:

SeedInvest is a leading equity crowdfunding platform that provides individual investors with access to pre-vetted startup investment opportunities. SeedInvest has funded over 160 startups and boasts a rapidly growing network of over 200,000 investors. SeedInvest has had over 20,000 startups apply to raise capital since inception and has only accepted 1% of those companies to feature on the platform. For more information about SeedInvest, visit www.seedinvest.com.


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Support National Parks and A Student’s Education

Crowdfunder: Brigham Cheshire of Atlas Learning Academy  

Campaign type: We’re looking for donations to support a cause

Campaign link: https://www.gofundme.com/atlaslearningacadamy

Twitter: @ATLAS_Learning

Goal: $3,500

Progress: $165

Project: I am raising money for my independent study/ outdoor education school, and to raise awareness of overcrowding in National Parks. This project is helping me earn high school graduation credits and real life skills. The money going to my school will help supply us with the gear and means to get students outdoors and into nature.

Use of funds: I will use the money I am raising to hold a photo gallery to support my school and national parks. Most of the money will be donated directly to my school and national parks.

Anecdote: I have personally been helped by this project. It has allowed me to complete my high school in a non traditional way and has really opened up my eyes to new ways of learning as well as other students. The trips we go on as a school range from 5 day backpacking trips in Yosemite to simple snowshoe walks in the winter. Going on these trips give students more freedom and can give people new opportunities.


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RE-volv Wins Prestigious Green Power Leadership Award

Innovative program recognized for making significant advances in training America’s youth to spearhead local solar energy projects

Press Release – San Francisco, CA (November 2, 2017)RE-volv – an organization that manages crowdfunding campaigns to help nonprofits switch to solar energy – has won the 17th annual Leadership in Green Power Education Award for its innovative and effective Solar Ambassador Program. The award, given by the Center for Resource Solutions, was presented at the Renewable Energy Markets 2017 conference in New York on October 23rd.

“RE-volv has created an exciting new model of solar education and implementation, focusing on students as a catalyst to expand solar in their communities,” said CRS Executive Director Jennifer Martin. “We are pleased to be able to present them with a Green Power Leadership Award this year for their commitment to giving young people a leadership role and solid foundation in the transition to clean energy.”

RE-volv’s Solar Ambassador Program has been in action for three years and has engaged over 100 students representing 12 universities in eight states. The year-long fellowship trains college students to spearhead a solar project in their community. Students attend a leadership summit, receive training on how to manage a successful crowdfunding campaign, and engage their communities to bring clean, affordable solar energy to a local nonprofit.

“We are thrilled to receive an award shining light on our Solar Ambassador Program,“ Executive Director of RE-volv Andreas Karelas said. “Now more than ever, it is vital to engage, empower and train the next generation of clean energy leaders.”

Founded in 2011, RE-volv is the first and only U.S. nonprofit to employ a revolving fund to finance solar energy installations for community-serving nonprofit organizations. Through RE-volv’s web platform, users can donate to specific nonprofit solar projects that pay RE-volv back over time through a solar lease agreement. Each month, donors who gave to a particular project receive their share of the lease payment in their portfolio, through which they can continually reinvest in new solar projects on the RE-volv platform. This pay-it-forward model helps to accelerate solar energy deployment in local communities around the country.

RE-volv, a two-time U.S. Department of Energy SunShot Initiative awardee, has received its largest grant to date from the personal foundation of Academy Award winning actor and outspoken climate change activist Leonardo DiCaprio. Of the $120,000 grant, $60,000 will be used to support RE-volv’s operations and the remaining $60,000 will be used to match RE-volv’s upcoming solar energy crowdfunding campaigns dollar for dollar.

About RE-volv

RE-volv empowers people to take direct action on climate change by crowdfunding solar energy projects for nonprofit organizations. Donations made to RE-volv’s crowdfunding campaigns grow a revolving fund that provides solar financing for nonprofits across the nation. RE-volv raises awareness about solar energy through its flagship Solar Ambassador Program, which trains college students to solarize nonprofits they care about. RE-volv is an inaugural member of the White House National Community Solar Partnership and is funded by the U.S. Department of Energy SunShot Initiative. Learn more at RE-volv.org.

About the Green Power Leadership Awards

The annual Green Power Leadership Awards (GPLAs) are competitive awards that recognize outstanding commitments and achievements in the green power marketplace. By choosing green power instead of conventional electricity, consumers, businesses, and organizations can support increased deployment of renewable energy technologies that will reduce the environmental impact of electricity generation and increase energy security. The GPLAs are presented by the nonprofit Center for Resource Solutions and the U.S. Environmental Protection Agency (EPA) at the annual Renewable Energy Markets conference. Learn more at www.greenpowerleadershipawards.com.

About Center for Resource Solutions

Center for Resource Solutions (CRS) is a national nonprofit with global impact. CRS brings forth expert responses to climate change issues with the speed and effectiveness necessary to provide real-time solutions. Its leadership through collaboration and environmental innovation builds policies and consumer-protection mechanisms in renewable energy, greenhouse gas reductions, and energy efficiency that foster healthy and sustained growth in national and international markets. For more information about its programs, visit www.resource-solutions.org


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Help AIDS Orphans Become Self-Reliant

Crowdfunder: Tanya Weaver of American Foundation for Children with AIDS

Campaign type: We’re looking for donations to support a cause

Campaign link: https://www.caringcrowd.org/empower-these-risk-hiv-orphaned-girls

Twitter: @AFCAids

Goal: $10,000

Progress: $2,100

Project: This will support girls orphaned by HIV/AIDS and who are wanting to learn how to become self-sufficient.

Use of funds: We will purchase and set up a greenhouse in a girls’ home in Zimbabwe. This will be a training ground for girls to learn how to prepare land, set up drip irrigation systems, grow and transplant seedlings, grow and harvest vegetables, mulch, etc.

Anecdote: Our greenhouse project is growing! What started as a dream to educate girls in farming, marketing, selling, and budgeting is growing from one greenhouse to, hopefully, 10. Fourteen young ladies, who lost parents to AIDS and also sustained abuse in the hands of their guardians, did the huge job of moving manure and dirt into our first greenhouse, making it ready for planting. After their seedlings grew and were planted, they expectantly waited for their yellow and orange peppers to grow. And, grow, they did! While providing their home with food, they sold extra veggies in the open market, earning some money for their savings accounts while saving money for the next crop. Each girl was tired at the end of their work days, but they were excited to learn and to know that once it is their time to leave the home, they are able to farm and to start small businesses, due to the training received.


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New Giving Day Platform Launches for Community Foundations

Contributary says its enhanced user experience and gamification leads to raising more money during online fundraisers

Press Release – STATE COLLEGE, PA — A new tech startup has launched a platform for community foundations to host online Giving Day fundraisers.

Nearly 200 community foundations host a Giving Day raising hundreds of millions of dollars for local nonprofits each year. Contributary officially launched its product this month after hosting Centre Gives, its first successful event earlier this year.

“Contributary completely changed our Giving Day. We raised 20 percent more than last year and our community was more engaged than ever,” said Molly Kunkel, Executive Director of Centre Foundation, which hosts Centre Gives.

The sixth annual Giving Day in Central Pennsylvania raised $1.4 million for 147 nonprofits in 36 hours last May. In addition, total number of donations were up 41 percent.

“Giving Days have tremendous power to rally a community. People want to support their favorite local nonprofit causes, and they’re proud of where they live. As such, our Giving Day platform is strong, secure and is designed to engage and inspire people,” Scott Woods, President of Contributary, said.

For example, Giving Days typically host prizes to see which nonprofit can solicit the most number of people to give in an hour. With Contributary, nonprofits can see—for the first time—who is in first, second and third place and how close they are to winning. At one point during Centre Gives, dozens gathered around a TV and cheered as donations put their nonprofit at the top of the leaderboard.

“We knew prizes and tracking the results were something that people really enjoyed,” Kunkel said. “Contributary has done a great job in creating a spotlight for the prizes—the results are more visual, the prizes are front and center, and the ‘power hours’ have unique pages that allow competing organizations to home in on their goal.”

The live updates are carried through the rest of the platform. In fact, its live leaderboard was such a draw that some donors kept the website open throughout the event so they could watch the donations being made in real time.

“We’re confident we built a strong product that will ensure Giving Days have the security donors deserve, the results the community depend on and the gamification that makes these online events such a fun experience for everyone involved,” Woods said.

ABOUT CONTRIBUTARY

Contributary is a secure, stable and easy to use Giving Day platform that engages donors, inspires community philanthropy and ultimately supports nonprofits across the nation. Based in State College, PA, Contributary is a Certified B Corporation and commits 1% of all sales to 1% for the Planet.

For more information, visit contributary.com.


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Newman’s Own Foundation Teams Up With CrowdRise For Holiday Challenge Announcing Half A Million In Grant Giveaways To Charities

CrowdRise’s 6th Annual Holiday Challenge will offer new platform upgrades and $500,000 in prizes and matching funds

Press Release – DETROIT, MI – CrowdRise announced that its annual holiday giving campaign will be sponsored by Newman’s Own Foundation, with $500,000 in funding and matching donations for participating charities. The Challenge, which launches November 21, is now accepting charity applications at crowdrise.com/NewmansHolidayChallenge.

To provide charities an even greater holiday campaign experience, CrowdRise is offering new tools that turn traditional fundraising efforts into amplified social fundraising campaigns. The optimized features include:

  • Donation pages to convert more supporters
  • Social flows to increase shares and reach new donors
  • Page branding to allow nonprofits to better tell their story
  • Peer-to-peer fundraising to help charities raise even more

This year’s sponsor, Newman’s Own Foundation, is celebrating 35 years of giving back to charities. Since Newman’s Own was founded, close to $500 million has been donated to charitable organizations. To celebrate, the Foundation has committed another half a million dollars to help charities in the Holiday Challenge supersize their holiday campaigns. The Challenge, which will kick off just before #GivingTuesday on November 21, will offer special prizes and promotions on #GivingTuesday, November 28.

“Newman’s Own Foundation is pleased to support the CrowdRise Holiday Challenge, which will help so many charities in their efforts to increase donations through crowdfunding,” said Kelly Giordano, Managing Director of Newman’s Own Foundation. “This is our fifth year working with CrowdRise, and we’ve seen many of our grantees benefit through these campaigns.”

“We’re thrilled to work with Newman’s Own Foundation to give charities all the tools they need to make their #GivingTuesday and holiday giving campaigns a success,” said Rob Solomon, CEO of GoFundMe, CrowdRise’s parent company. “Through CrowdRise, charities can reach new people, spread their message, and deepen their engagement with donors like never before.”

The application is now open, and charities will be accepted to the Challenge on a rolling basis through Tuesday, December 5. All 501C3s are invited to fill out the short application, and accepted charities will have their custom branded, optimized webpages built for them. CrowdRise allows provides a challenge toolkit with, tips, assets and templates to create professional and customized fundraising campaigns for competing in the Challenge. The Newman’s Own Foundation Holiday Challenge launches on Tuesday, November 21 at 12:00pm ET and runs through Wednesday, January 3 at 1:59pm ET.

For more information or to donate visit crowdrise.com/NewmansHolidayChallenge

About CrowdRise

CrowdRise is the world’s largest crowdfunding platform dedicated exclusively to charitable fundraising. Used by millions of individuals, tens of thousands of charities, hundreds of companies and many of the most famous artists and athletes in the world, CrowdRise enables people to creatively leverage their resources and networks to unlock the power of the crowd to support positive social missions and create massive impact.

Founded by actor Edward Norton, film producer Shauna Robertson and Robert and Jeffrey Wolfe, CrowdRise has conceived, implemented and powered campaigns that have raised hundreds of millions of dollars to date. For more information visit www.CrowdRise.com. In January 2017, CrowdRise merged with GoFundMe to offer both people and organizations the best fundraising tools for any cause they care passionately about.

About Newman’s Own Foundation

Newman’s Own Foundation was founded by the late actor Paul Newman to continue his philanthropic legacy and help make the world a better place. Newman’s Own Foundation turns all net profits and royalties from the sale of Newman’s Own products into charitable donations. Since 1982, Paul Newman and Newman’s Own Foundation have donated close to $500 million to thousands of charities around the world. For more information, visit www.newmansownfoundation.org.


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Indiegogo Launches Marketplace: Innovative Products that are Shipping Now

Press Release – Indiegogo was created to empower people to unite around the innovative ideas that inspire them, and together make those ideas come to life. For almost 10 years we’ve been working hard to help early adopters get clever new products, regardless of where a product is in its lifecycle. We’ve been busy launching partnerships to empower entrepreneurs with the resources they need to make the products they’ve dreamed of and get them into your hands. Starting today, we’re giving backers direct access to clever new products that are completely ready to ship through The Indiegogo Marketplace.

The Indiegogo Marketplace

Today we’re launching the Indiegogo Marketplace to help you get the clever innovations that you just can’t find anywhere else. Interested in being a part of something groundbreaking? Discover the next big thing through Crowdfunding and InDemand campaigns. Or if patience isn’t your strong suit, you can check out the Indiegogo Marketplace to find the products you love – all with guaranteed shipping.

Clever Things Just For You

We’re also making it easier for you to find the things that you care about most with a new homepage curated just for you, complete with editorialized content to help you learn more about what we’re doing, what our campaigners are doing, and what’s going on in the industry. When you log in we’ll be serving you personalized recommendations front and center based on your customizable interest profile.

Gogo Pop-Up Store

We think this deserves a celebration, so we’re kicking things off with the Gogo Pop-Up store. This limited-time-only pop-up store features some of our favorite products and exclusive deals. We’re also putting together special holiday gift guides to help you choose the perfect things for the people you love. And don’t worry about whether your cousin’s present is going to make it in time: everything in the Gogo Pop-Up store is guaranteed to ship for the holidays.


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How Crowdfunding Can Revitalize the Black Wall Street

This is a guest post by Rashaan Everett, the founder of The Greenwood Project, a startup dedicated to rebuilding Black Wall Street.  He’s now dedicated to social entrepreneurship full time after Greenwood’s first funding raise; following stints with Accenture, Capital One, and Morgan Stanley. Rashaan has a B.S in Finance from Howard University and currently resides in his hometown of Long Beach, California.

Let’s take a moment to refocus. It’s been five years since the rise of social media-powered activism. The murder of Trayvon Martin in 2012, amongst other events,  ignited a new wave of civil rights organizing and consciousness. Technology has played an undeniable role in this most recent chapter in our fight for equality. For the first time, videos of social injustice are broadcast directly to the world, and we can strategically leverage social media to empower ourselves with a voice that is too loud- and too widespread- to be silenced. Indeed, social media’s most important attribute is the dilution of a mainstream media that does not seek the voices and experiences of those who are not…mainstream. In this way, it has proven more democratic than traditional media could ever be.

Not surprisingly, we have more than taken advantage of this phenomenon. We heavily influence popular culture and sociopolitical discourse on several platforms like Twitter and Instagram. Social media has birthed a new generation of leaders, and the lines distinguishing “Black culture” and “pop culture” are rapidly blurring.

Our participation, energy, creativity, and leadership help power these billion dollar technology and social media companies, so why don’t we own a financial stake in these industries and use them to advance our communities? Technology, in general, provides an unprecedented opportunity to achieve more progress than our grandparents ever could. It’s time to channel our influence and dollars into building Black Business. But how?

Let’s try something different. Together we can double the number of Black-owned businesses over the next ten years. Since 2012, many Black Americans have reignited their passion for championing community progression. So far, however, we’ve achieved awareness, but little tangible progress. Harnessing the link between social change and financial independence is constantly being discussed, aimed at educating and uniting our communities. However, there’s been a lack of focus. What do we do now that we’ve decided something must be done? It’s time for us to put our money where our mouth is.

Rashaan Everett, courtesy of The Greenwood Project

Rashaan Everett, courtesy of The Greenwood Project

Barack Obama passed the JumpStart our Business (JOBS Act) to level the playing field for all entrepreneurs. Still, the major component of this legislation was activated just 17 months ago: Equity Crowdfunding. Equity Crowdfunding allows any American to own stock or debt in a private business for the first time in 83 years. It’s revolutionary, and this technology has the potential to transform Black economics. Since 1933, the wealthy enjoyed a government-protected monopoly that prevented middle-class Americans, and 98% of African-Americans, from investing in high-potential startups. To put it simply, White people have earned trillions through Silicon Valley’s technology since the year 2000. This is why the wealth gap is getting worse: it’s easy for the rich to get richer and almost impossible to overcome the hurdles without family-based wealth. Consider this: even if the founders of Uber came to your door 5 years ago with a great idea and asked for $100, it would’ve been illegal for you to invest in it (if you did make that investment, it’d be worth over $90,000 today).

Let’s use our mastery of social media technology to facilitate Equity Crowdfunding – the tool we can use to rebuild Black Wall Street. With just a few clicks, anyone can invest in a Black business. There can be opportunities to invest in franchises, cannabis companies, purchase shares of real estate, buy equity in creative projects or tech startups, and now anyone can loan money to Black entrepreneurs to fund their movies, restaurants, museums, bars, or literally any project that you believe me.

Think of it like a GoFundMe Campaign, but instead of donating to a cause; supporters can purchase equity or give a loan to support a business idea that matters to them and their community. It’s a game changer. Entrepreneurs can launch projects and use their friends and family as an investor base. Now, minority communities can raise money from each other instead of relying on the banking system or wealthy angel investors who don’t look like us. Even better, when these businesses succeed, the profits are returned to the same minority / middle-class investors; retaining and recycling wealth in our community like never before.

I challenge all aspiring entrepreneurs to launch that creative idea. You should know that there’s a new source of financial funding that doesn’t require convincing rich investors who may not relate to you that you have a good idea. I challenge today’s business owners to double down their focus, explore expansion and growth opportunities, and recognize Regulation Crowdfunding can propel your business to new heights. Building wealth begins with investing. People of all ages should consider making their first investments today, even if it’s only $100. If you’d appreciate updates regarding investment opportunities, sign up here

More established professionals should read about how Regulation Crowdfunding can diversify their portfolio. There is tangible wealth to be earned at all levels, with numerous investors pledging as much as 100k to Reg CF campaigns. In the Black community, we need to challenge our leaders and athletes to make these type of pledges to invest in minority communities today.

For the first time, there’s a tangible way to support our cause that doesn’t require donating money. Now, you can make a huge impact, and earn a financial reward too. There are no more excuses.

Leonardo DiCaprio Foundation Partners With Solar Nonprofit In First-Of-Its-Kind Crowdfunding Opportunity

RE-volv awarded $120,000 grant to provide solar energy to nonprofit organizations

Press Release – SAN FRANCISCO – The Leonardo DiCaprio Foundation will provide a $120,000 award to the solar nonprofit RE-volv in an effort to expand access to affordable solar energy for nonprofit organizations around the country. The partnership, announced yesterday, will provide match funding for RE-volv’s unique crowd-funding platform, allowing donors the opportunity to double their contributions with the support of academy-award winner Leonardo DiCaprio.

RE-volv supports solar energy projects for nonprofits that lack access to financing options. An estimated 1.5 million nonprofits in the U.S. face financial barriers to obtaining solar power, as they do not qualify for solar tax credits or are too small to attract traditional investors. RE-volv bridges this funding gap for organizations that provide valuable public services to vulnerable communities, including homeless shelters, schools, community centers, and houses of worship. This is the largest grant to date for RE-volv, a two-time awardee of the U.S. Department of Energy SunShot Initiative.

“RE-volv is working to make sure that the benefits of solar can reach everyone, including nonprofit organizations and the people they serve,” said Andreas Karelas, Executive Director of RE-volv. “Thanks to this generous grant from the Leonardo DiCaprio Foundation, RE-volv will be able to scale its impact and bring solar to even more nonprofits around the country.”

RE-volv’s unique crowd-funding platform is the first to employ a revolving fund. Donors select a specific nonprofit to support and, as the project pays back dividends through a solar lease agreement, the user can then reinvest in new solar projects through the RE-volv platform. This pay-it-forward model helps to accelerate solar energy deployment in local communities while keeping donors engaged in solar projects.

“The Leonardo DiCaprio Foundation is excited to support RE-volv,” said Gregory Lopez, Climate Program Director of the Leonardo DiCaprio Foundation. “Not only is their work important in deploying solar energy and reducing greenhouse gasses, their unique model provides an introduction of accessible, renewable energy to new communities.”

To date, RE-volv has raised over $300,000 from over 1,000 people in 22 countries. It has crowdfunded ten solar projects (150 kW of capacity) in four states, include Harbor House in Oakland, which serves refugee, immigrant, and low-income families with after-school programs and ESL classes, and Morris Chapel Baptist Church, the oldest African American Church in Philadelphia. Thanks to the solar projects, grantees are expected to save between 15 and 40 percent on their electric bills. In total, these ten nonprofits will save more than $1.5 million over the life of their solar energy systems. RE-volv’s solar revolving fund, the Solar Seed Fund, is now worth $650,000 in future lease payments from these ten projects – payments which will be used to finance at least 20 more solar energy projects.

In addition to financing projects, RE-volv trains college students and community volunteers to become Solar Ambassadors, who in turn lead them on the ground efforts to deploy solar. RE-volv has educated 10,000 people about solar energy through training, outreach, and more than 100 events.


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Impact Housing REIT, LLC Launches $35 Million Equity Crowdfunding Opportunity Focused on Solving the Housing Crisis in America on ImpactHousing.com

CrowdStreet, a leading real estate investment technology provider, is powering the online investment offering and providing access to their existing network of accredited and unaccredited investors.

Press Release – Los Angeles, CA – September 20, 2017 — Impact Housing REIT, LLC (ImpactHousing.com), a new apartment real estate investment trust led by Edward (“Eddie”) P. Lorin, a 30-year multifamily real estate veteran, is pleased to announce that its $35 million direct public offering under Regulation A+ has been qualified by the Securities and Exchange Commission (SEC) and is now open for investment. All investors – accredited and unaccredited, domestic and international – can invest directly in Impact Housing REIT Series A equity round for as little as $1,000. To read more and/or get started with an investment, click here.

Poor housing conditions due to a rising economy, extreme weather conditions, and poverty is effecting our health, quality of life, and country, as a whole. Impact Housing is the first REIT in the country using the new equity crowdfunding laws to focus on America’s housing crisis, specifically on creating affordable, livable, distinctive multifamily communities for America’s working people and their families.

Employing a strategy that Mr. Lorin has refined over decades, Impact Housing plans to buy neglected, poorly managed apartment buildings throughout the U.S., and transform them into thriving, healthy, family-oriented communities. Upgrades typically include new amenities, refreshed and upgraded interiors, resort style pools, playgrounds, state-of-the-art fitness centers, BBQs, dog parks, community gardens and open space social areas. Click here to view our Property Gallery.

In addition, Impact Housing is partnered with the HAPI Foundation (Healthy Apartment Property Initiative), a 501(c)(3) organization, and together, provide FREE afterschool programming (including a free healthy meal when possible), health and wellness education to the resident children and their families. To see our impact with HAPI, click here.

Eddie Lorin, Founder of Impact Housing REIT, commented, “In my 30+ years of experience in multifamily real estate, upgrading neglected properties and turning them into thriving communities has proven to enhance residents’ lives, increase retention and referrals, and reduce vacancy. When you give people a nice home and community that’s affordable, they tend to be happier. They stay, pay and refer their friends. This goes directly to our bottom line and has allowed us to deliver to our investors not only a good financial return, but also a good social return. It’s a win-win.”

The technology enabling this online investment offering is backed by CrowdStreet, a leading provider of real estate fundraising and investor management solutions. In addition, CrowdStreet is providing its established network of over 25,000 investors the ability to directly invest in Impact Housing REIT using the CrowdStreet Marketplace at https://www.crowdstreet.com. Impact Housing REIT marks the second real estate investment opportunity open to CrowdStreet’s entire network of investors, both accredited and unaccredited.

Impact Housing REIT is not your typical startup. Prior to launching Impact Housing REIT, Eddie’s team, acting as either Principal or Advisor, has transformed over 40,000 apartment units into safe, quality homes for hard-working individuals and families. Their prior portfolios consistently demonstrated “full” occupancy levels. By implementing value-add improvement plans, the team has achieved, on average, 95% stabilized occupancy upon completion of renovations on new acquisitions, and attribute success to a variety of factors including and most notably, strong local relationships with real estate brokers, servicers, lenders, and property managers.

CAUTION: PRIOR PERFORMANCE DOES NOT GUARANTY FUTURE RESULTS.
AN INVESTMENT IN IMPACT HOUSING REIT, LLC INVOLVES SIGNIFICANT RISKS.

FOR MORE INFORMATION, SEE OUR OFFERING CIRCULAR.

Lorin added, “The ability for Impact Housing to utilize new crowdfunding laws to circumvent the middleman and bring more efficient financial returns directly to everyone, regardless of income level or wealth, is remarkable to say the least. The more money raised through the Impact Housing REIT offering, the more we can meet the shortage of decent workforce housing that’s affordable in our country and deliver market rate returns to our investors.

We are thrilled to partner with CrowdStreet in this initiative. CrowdStreet’s technology platform provides us with the confidence needed to both fundraise online at scale, and then effectively and efficiently manage the investors for the duration of their investment. The unique ability to solicit new investors, transact offers, and efficiently manage hundreds of subscribed investors, all using a single platform, makes CrowdStreet an essential part of this Regulation A offering.”

Tore Steen, CEO of CrowdStreet, commented “We’re excited to partner with Impact Housing on the launch of the Impact Housing REIT offering, and expand the availability of social-responsible investments to investors of all types. We look forward to making this investment offering visible, accessible, and actionable to more than 100 million eligible U.S. investors.”

To learn more and take part in Impact Housing REIT investment offering please visit https://invest.impacthousing.com/.

About Impact Housing REIT, LLC

Impact Housing REIT, LLC is a company newly founded by Edward (“Eddie”) P. Lorin, a 30-year multifamily real estate veteran, focusing primarily on value-add and/or under-performing multifamily properties nationwide. The Sponsor, Strategic Realty Holdings (SRH), was formed by Eddie Lorin in 2014. Eddie Lorin, along with his core management team from Strategic Realty Capital (SRC), a private multifamily investment company co-founded by Eddie Lorin, come equipped with many years of experience in multifamily real estate. Since 2001, the Impact Housing management team, has participated, as Principal or Advisor, in the purchase and transformation of more than $3 Billion worth of multifamily real estate amounting to more than 180 communities with approximately 40,000 apartment units nationwide.

For more information about Impact Housing REIT and to invest in its $35 million Series A Offering, please visit: www.ImpactHousing.com, like us on Facebook, follow us on LinkedIn and Twitter at @theGOODREIT.

About CrowdStreet

CrowdStreet is a leading real estate investing technology provider that is transforming fundraising by providing CRE firms a scalable platform for growing and managing a large investor-base. CrowdStreet’s platform enables online fundraising at scale, and also extends beyond the funding of a deal, cultivating and growing lifetime value for CRE firms through the building, managing and expanding of ongoing investor relationships. For additional information, please visit www.crowdstreet.com.


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