Community Housing Impact Partners
The current housing shortage in this state is a drag on our economy and is a barrier to climbing the socio-economic ladder for hundreds of thousands of families in Chicago and Illinois. The Community Housing Impact Partners (CHIP), L3C business mission is to provide affordable workforce housing for the sake of generating a measurable social and environmental impact while providing market-rate returns for our investors.
The business model of CHIP L3C is to build and manage sustainable and affordable community-based housing on a small scale with a big impact.
OUR COMPANY WEDS BOTH PROFITS AND PURPOSE IN OUR MISSION PARTNERING SOCIAL IMPERATIVE WITH MARKET FORCE RETURNS WHICH SUSTAINS US TO REINVEST AND BUILD AGAIN
Through this type of social impact investing our model realizes that it is possible to turn a profit, satisfy stakeholders and raise up a community all at the same time. It is an inclusive business model focusing not on corporate philanthropy nor monetary subsidization which have inherent limitations of scope, impact and budget.
Rather, it is based upon a mission-focused sustainable and scalable for-profit business model which provides market rate returns for our investors forged by creative workforce housing solutions subsidized only by creative and innovative solutions. In order to sustain the mission of the company and provide workforce housing to its stakeholders our business model is driven by profit as a tool to sustain the impact and company longevity.
Social Impact Investing is explained by successful entrepreneur Bobby Turner here.
Rather, it is based upon a mission-focused sustainable and scalable for-profit business model which provides market rate returns for our investors forged by creative workforce housing solutions subsidized only by creative and innovative solutions. In order to sustain the mission of the company and provide workforce housing to its stakeholders our business model is driven by profit as a tool to sustain the impact and company longevity.
Social Impact Investing is explained by successful entrepreneur Bobby Turner here.
Leading the way through a positive disruption
of the construction industry
Our social enterprise mission is to positively disrupt the construction industry which accounts for 6% of the global GDP. It is the largest global consumer of raw materials with constructed objects accounting for up to 40% of the world’s total carbon emissions. Our homes will revolutionize the manufacturing and fabrication model, the renewable energy model and the natural resource consumption model of the current unsustainable construction industry standards.
Compared to many other industries, the construction industry has traditionally been slow at technological development. It has undergone no major disruptive changes. It has not widely applied advances in its methods. As a result, efficiency gains have been meager. In the United States over the last 40 years, labor productivity in the construction industry has actually fallen. Labor costs have risen and the methods used are not very different from how we built homes over 100 years ago.
Our homes include technological advances in construction methods and building systems with energy monitoring and life-cycle cost savings for owner and occupants. In order to be affordable and meet the needs of the communities we serve we must continue to rethink and become innovative at how our homes are built. Inefficiencies must be stripped away from the process while healthier material choices and durable energy efficient designs are a critical part of the solution.
Compared to many other industries, the construction industry has traditionally been slow at technological development. It has undergone no major disruptive changes. It has not widely applied advances in its methods. As a result, efficiency gains have been meager. In the United States over the last 40 years, labor productivity in the construction industry has actually fallen. Labor costs have risen and the methods used are not very different from how we built homes over 100 years ago.
Our homes include technological advances in construction methods and building systems with energy monitoring and life-cycle cost savings for owner and occupants. In order to be affordable and meet the needs of the communities we serve we must continue to rethink and become innovative at how our homes are built. Inefficiencies must be stripped away from the process while healthier material choices and durable energy efficient designs are a critical part of the solution.
Creating community stabilization through a managed-growth approach
The social impact will ensure community stabilization through manage growth by providing housing opportunities for existing community residents to minimize displacement from their neighborhood.
Typically, as a community begins to experience economic development, so often the target occupants are people from outside the neighborhood who are able to afford higher rents and are enticed to the new developments. Many times this will typically end up displacing the longtime community residents.
Without a managed-based business plan with cooperation from local elected officials and leadership, the end result inevitably displaces many of the existing long-time residents as rental housing becomes too expensive for them to afford and to remain in there homes.
Designing innovative solutions to help reduce development and management expenses while finding new and creative sources of new revenue streams which will allow our model to sustain itself and scale over time.
The housing life cycle includes job training, workforce housing, and economic prosperity within the community by developing the new skills and providing the capital to be reinvested back into the community. The model must continue to be innovative while continuously exploring ways to reduce expenses from acquisition through construction to the stabilization and ongoing management of the properties. Eventually each net positive home will generate enough energy onsite to support the occupants and to sell the excess energy back to the utility companies as another revenue stream for the business model. By focusing on how to maximize profits by reducing expenses instead of by raising rents this model will harness market forces and will pioneer market driven solutions to the severe housing challenges we face today. To this end, our model will revolutionize the housing manufacturing and fabrication model. The housing will be built sustainably by challenging the current resource consumption model typical of today’s construction industry.
Our vision of job training, fabrication, innovation and community participation
Our vision is that our affordable housing will one day be fabricated off-site in our own advanced digital manufacturing facility utilizing robotics where vocational job training will take place to educate and teach workforce development skills including automation technology to local high-school students, recent graduates and community residents seeking to learn trade skills on how to fabricate (off-site) and install (on-site) the affordable workforce housing within their neighborhoods. Over time our collective success will enhance our overall regional economy and stabilize the rich cultural heritages and neighborhood ties that bind which exist in our neighborhoods while minimizing the staggering amount of displacement which is occurring due to a lack of affordable housing and managed growth in many developments for profit companies are building. Our innovations and new solutions include engaging residents as part of this vision which includes their participation in the construction and management of the homes.
The two should not be mutually exclusive. Interested in these ideas?
Contact us today
Community Housing Impact Partners, L3C | 548 West Webster Avenue Chicago, Illinois 60614 | (312) 798-9858