Hamilton Investment Properties Community Housing
COMMUNITY REVITALIZATION THROUGH HOUSING UPGRADES
Hamilton Investment Properties Community Housing is raising $500,000 with a minimum reservation of $5,000.
- Funding Goal $500,000
- Minimum Reservation $5,000
- Interest (% per year) 18.00%
- Term Length (Months) 12 months
- Valuation Cap $5,900
- Conversion Discount (%) 20%
- Warrant Coverage (%) 18%
- Open Date 04/11/2014
- Closing Date 01/31/2015
- This facility generates 1.2 Million a year Rental income for investors
- Overall economic development strategy creates good paying jobs
- Affordable supportive housing is an essential community facility
$5000 buys a 5% Share in this 1.2 million dollar a year enterprise
Why We Started This Company
Due to the aging of baby boomers, Assisted Living is becoming a growth industry. However, retirement communities are often developed for higher income individuals. Lower income people must age in place, and these “places” are often slums or institutions. The status of elderly renters and people renting homes that have disabilities, was a driving force behind organizing quality land lords, investors, developers, and other real estate professionals into an organization to develop affordable Assisted living Centers, with “Cause Driven” Marketing.
The “for-profit” individual or company is not eligible for public funding of real estate developments. However, using our organization as a conduit for public/private participation in community development, is an idea that time has come.
Consider a 1% per month return on your investment plus, the charitable tax deduction. that’s equal to or greater return then any an investor could find. Moreover, this is an investment secured by real estate that, a non profit organization can afford to pay, making this a very safe investment of your money. A real example of a million dollar project paying 1% in returns to investors, or paying out $10,000 per month on that million dollars, is 15 rental units rented for $700 per month. A 60 unit complex built for said 1 million will have a $42,000 Gross leaving $30,000 for operation of the facility each month, and over $2000 a month Vacancy allowance.
We also, started the organization because, most investments are too complicated for the t novice investor to understand, and track. The foregoing is for illustration purposes but, our company keeps it that simple.
What Sets Us Apart
Projects are under the control of an I.R.S. 501 ( C ) 3 non profit Tax Exempt community based organization. Hamilton Investment Properties Community Housing (“HIPCO”) programs are unique because, they are implemented by public-private financial and development partnerships, spearheaded by a non-profit organization. For example; the non-profit sponsors private , for-profit developers of public facilities.
Our Keys To Success
The key to success in any community housing program is, centralizing operational or infrastructure necessary to purchase and rehabilitate hundreds of homes compared to single investor efforts.. Centralization achieves better funding, lower personnel cost, and savings on bulk purchases of building supplies, which translates in more profits for the individual investor.
Landowners in Louisiana are contributing to our (“CRT”) Charitable Remainder Trust. A CRT is an irrevocable trust that pays for life