With decades of remodeling experience, we know how to transform houses and buildings into better, larger, more functional spaces to increase density, provide more affordable housing, and maintain or improve the character of the architecture. Reading articles and hearing about how much the city and the county have spent on “affordable housing” projects was so frustrating to us because we know how little we could spend to build affordable housing. We’ve been working with organizations, policy makers, financial experts and others to come up with alternative solutions to the homeless problem and to increase our supply of affordable housing.
The Sharewell Model
We transform very small houses into larger homes with an ADU (accessory dwelling unit) if possible, as well. Investors or residents will be able to buy into the property as shareholders with a guaranteed rate of return. In this way, we increase the supply of affordable housing, provide a pathway into the property market for low-income individuals and families (or socially-responsible investors), and create a shared housing community where people who face similar challenges can help each other succeed.
What is the Sharewell Model?
Sharewell is a potentially revolutionary housing model: economical, intentional communities that share common areas. People who seek affordability can live together, gaining community. Demographics with something in common can network and help each succeed. From teachers to elders, from vets to single mothers, these micro communities integrate into neighborhoods. The Sharewell fits any demographic that requires affordability and community.
1. Sharewell is optimal in cost-effective housing models. That means more help with every dollar invested.
2. It integrates Sharewell members into neighborhoods, rather than isolating them in larger projects.
3. It promotes the mental health and stability of belonging to a Sharewell family.
4. It allows for socially responsible investors to address the problems of homelessness and affordability while investing in their own futures. Prosperity and growth drives up prices, ironically pricing those at the bottom out of their own homes. The affordability crisis is a surprising byproduct of disposable income. That income can be converted into a safe investment that solves the homeless emergency, one person at a time. Thus the root problem is converted into the solution.
5. Because Sharewell homes adapt existing housing, they are environmentally friendly. Because they are high quality, they are long term and will not go in the landfill later.
6. It is scaleable: it can be expanded infinitely as housing prices and homelessness increase.
7. It provides a ladder to success. While people are without an organized home base they can’t get ahead. Once that is established they can move to the next level. Share-well is not a hand out, but a hand up.
8. It will help keep our urban areas cleaner, safer, and healthier for everyone.
By building small shared housing, people who face similar challenges can help each other succeed.
9. Large housing projects concentrate at-risk populations, often making them more vulnerable. Sharewell housing integrates into communities without stigmatizing.