New Way Homes
New Way Homes operates an impact investment loan fund to catalyze the creation of below-market-rate rental housing.
- Company typePrivate
- Founded2015
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What New Way Homes does
New Way Homes operates an impact investment loan fund to catalyze the creation of a significant amount of new, mission-based, and below-market-rate rental housing in the Monterey Bay region.
New Way Homes firmographics
Firmographics- Name
- New Way Homes
- Legal name
- New Way Homes
- Website
- https://www.newwayhomes.org
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- New Way Homes operates an impact investment loan fund to catalyze the creation of below-market-rate rental housing.
- Ownership category
- akta.pro rank
New Way Homes industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Remodelers (236118), Residential Property Managers (531311)
- SIC
- Loan Brokers (6163), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Residential Affordable Housing Development & Construction (IMAFABAI), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Residential Green / High-Performance Home Construction (Net-Zero, Passive House) (IMAFABAH)
Keywords
Where New Way Homes is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
New Way Homes business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Investor Capital Deployment: New Way Homes raises capital from impact investors through its fund and direct project investments. Returns are generated from cash flow sharing arrangements with land-owning partners. The company has a 5+ year track record of making all interest payments to investors.
- Development and Pre-development Funding: Provides pre-development funding for housing projects, with projects typically having 6-8% target returns for direct project investors. Revenue comes from successful project completion and cash flow sharing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | New Way Homes Fund - pooled investment vehicle |
| Other | Multi-year contract | Opportunity Zone Fund - capital gains focused investment |
| Other | Multi-year contract | Direct Project Investment - project-specific equity |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
New Way Homes product offering
Product offeringCore offering
New Way Homes is a 501(c)(3) nonprofit that operates an impact investment loan fund to catalyze the creation of below-market-rate rental housing. The organization partners with mission-aligned landowners—primarily churches and nonprofits with underutilized land—to develop affordable housing without requiring landowners to deploy capital or take on debt. New Way Homes supplies the development capital, expertise, design, permitting, financing, and project management, while retaining investors through pooled funds (New Way Homes Fund), Opportunity Zone investments, and direct project equity offerings.
Product overview
New Way Homes is a 501(c)(3) nonprofit organization offering a suite of housing development products and investment vehicles. The core offerings include the New Way Homes Fund and Opportunity Zone Fund (investment products) and a Land Partnership Program (for landowners). The company develops multiple housing projects including affordable housing, supportive housing, and transitional housing across California, primarily in the Monterey Bay and San Francisco Bay regions. Projects range from 7 to 121 units and serve various populations including families, individuals experiencing homelessness, and lower-income households.
Differentiator
Problem solved
Functional benefit
Brands
- New Way Homes Fund: Investment fund that creates new affordable and below-market-rate housing while providing investors a fair return.
- Opportunity Zone Fund
Products and services
- New Way Homes Fund An impact investment fund that provides capital for designing, permitting, and financing affordable and below-market-rate housing projects in partnership with nonprofit and mission-driven landowners; open to individuals and organizations seeking modest returns alongside social impact.
- Opportunity Zone Fund An investment vehicle allowing investors to reduce capital gains through Opportunity Zone investments while supporting the development of affordable housing in designated opportunity zones.
- Direct Project Investment A long-term equity investment product enabling investors to become part-owners of specific affordable housing projects developed by New Way Homes, with target returns of 6-8%.
- Land Partnership Program A structured partnership pathway for mission-aligned landowners—including churches, social service providers, and nonprofits with underused land—to co-own newly developed rental housing without putting down capital or taking on responsibility for design, permitting, financing, construction, or operations.
- Genesis Worship Center Housing A 12-unit transitional housing development in East Oakland on land owned by Genesis Worship Center, a Black-led community church; New Way Homes provided a loan for design and construction costs and expertise for approval and completion.
- 801 River Street (Casa Azul) A 7-unit permanent supportive housing project in Santa Cruz developed by renovating a long-vacant historical Victorian, owned and operated by Housing Matters, with funding assembled from nonprofits, public sources, and New Way Homes.
- Homes of Hope Housing A 23-unit affordable family housing development in Oakland that renovates two buildings owned by Center of Hope Church, a Black-led church in East Oakland, with funding and development support from New Way Homes.
- Harvey West Studios A 121-unit 100% permanent supportive housing project in the Santa Cruz Westside, designed by David Baker Architects, owned and operated by Housing Matters with New Way Homes pre-development funding.
- East Market Street A 75+ unit multi-family and commercial development in Salinas, California, including affordable housing units alongside space for a nonprofit kitchen incubator and women's business center, with New Way Homes providing pre-development funding and a state grant for environmental soil cleanup.
- Peace Village A 40-unit mixed-income housing development on the Peace United Church campus in the Santa Cruz Upper Westside, utilizing California's AB1581 to share church parking with the residential development.
- Capitola Prefab A 63-unit mixed-income family housing project in Santa Cruz featuring below-market-rate starter homes and rental accessory dwelling units, developed with modular construction methods through Workbench.
Quantifiable outcome
- 350+ units under development with proven development system
- +4 more outcomes
Companies that use New Way Homes
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
New Way Homes technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
New Way Homes partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Housing MatterscoreHousing Matters serves as owner-operator for multiple NWH projects including 801 River Street (Casa Azul) providing 7 units of permanent supportive housing, and Harvey West Studios with 121 units. NWH provided pre-development funding and transferred completed projects to Housing Matters for ownership and operations.
- Envision HousingcoreDevelopment team managing NWH-funded projects through entitlement and construction. Responsible for project permitting, financing arrangements, and construction management for affordable housing developments.
- WorkbenchcorePerforms design and general contracting services for NWH projects. Also serves as developer for certain projects like Capitola Prefab. Led development for 801 River Street renovation.
- Gunkel ArchitectureminorArchitecture firm providing design services for NWH projects including Genesis Worship Center and Homes of Hope housing developments.
- Silva ConstructionminorConstruction contractor for Genesis Worship Center project providing construction services for the 12-unit transitional housing development.
- Mc90 DevelopmentminorOwner's Representative for NWH projects including Genesis Worship Center and Homes of Hope, providing oversight of construction and development process.
- Center of Hope ChurchcoreBlack-led church in East Oakland providing land for Homes of Hope affordable housing project (23 units) and Lily of the Valley project (9 units). NWH enables church to co-own housing without capital investment.
- Peace United ChurchcoreSanta Cruz church partnering on Peace Village project with 40 mixed-income units. Uses AB1581 to share church parking lot with the housing development.
- Genesis Worship CentercoreBlack-led community church in East Oakland that owns and operates 12 units of transitional housing for single adults. NWH provided loan for design and construction costs.
- David Baker ArchitectsminorArchitecture firm providing design services for Harvey West Studios 121-unit permanent supportive housing project in Santa Cruz.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
New Way Homes competitors and assessment
Company assessmentDirect peers
- MidPen Housing: MidPen is a leading Bay Area nonprofit developer of affordable rental housing, building and managing high-quality homes for low-income families, seniors, and people with special needs. Comparable to New Way Homes in California-focused nonprofit affordable housing development, though at much larger scale.
- BRIDGE Housing: BRIDGE Housing is a California nonprofit developer of high-quality affordable housing with a portfolio of more than 30,000 homes across the state. Comparable to New Way Homes in mission and geography, with significantly greater development scale and institutional infrastructure.
- Mercy Housing: Mercy Housing is one of the largest nonprofit affordable housing developers in the U.S., developing, financing, and operating affordable housing nationwide with strong West Coast presence. Comparable to New Way Homes in nonprofit affordable housing mission and use of partnership/land-lease structures.
- Eden Housing: Eden Housing is a Bay Area nonprofit affordable housing developer with a portfolio of more than 12,000 homes, focused on Northern California. Comparable to New Way Homes in California geographic focus, nonprofit development model, and serving low-income and homeless populations.
- Abode Communities: Abode Communities is a California nonprofit developer of affordable and supportive housing primarily in the Bay Area and Los Angeles. Comparable to New Way Homes in nonprofit affordable housing development and use of supportive housing models for vulnerable populations.
- Community Vision: Community Vision (formerly NCB Capital Impact) provides capital, consulting, and real estate development support to nonprofits and mission-aligned organizations in California. Highly comparable to New Way Homes in the role of CDFI capital provider for nonprofit-led community development projects.
Broad incumbents
- Enterprise Community Partners: Enterprise Community Partners is a national nonprofit that invests capital, develops affordable housing, and advocates for policy at scale, operating in multiple states. Comparable to New Way Homes in mission and use of impact-investor capital to develop affordable housing, but with national scope and much larger AUM.
- Local Initiatives Support Corporation (LISC): LISC is a national CDFI that finances affordable housing and community development, deploying capital through local offices and partners. NWH has a direct partnership with Bay Area LISC; the two are comparable as CDFI capital providers for affordable housing.
- Habitat for Humanity: Habitat for Humanity is the largest nonprofit affordable housing organization globally, building and financing affordable homes through volunteer labor and donor capital. Related to NWH through nonprofit affordable housing mission; differs in for-sale (rather than rental) focus and volunteer-driven model.
Others
- Grounded Solutions Network: Grounded Solutions Network is a national nonprofit membership organization supporting community land trusts and shared equity homeownership models that preserve permanently affordable housing. Comparable to New Way Homes in the mission of preserving permanently affordable, community-controlled housing, though NWH focuses on rental rather than shared-equity ownership.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
New Way Homes social profiles
Digital presenceNew Way Homes financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Way Homes leadership team
Management profileNumber of profiles
Profiles4 records
New Way Homes funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Way Homes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Way Homes
What does New Way Homes do?
New Way Homes is a 501(c)(3) nonprofit that operates an impact investment loan fund to catalyze the creation of below-market-rate rental housing. The organization partners with mission-aligned landowners—primarily churches and nonprofits with underutilized land—to develop affordable housing without requiring landowners to deploy capital or take on debt. New Way Homes supplies the development capital, expertise, design, permitting, financing, and project management, while retaining investors through pooled funds (New Way Homes Fund), Opportunity Zone investments, and direct project equity offerings.
Is New Way Homes a public or private company?
New Way Homes is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was New Way Homes founded?
New Way Homes was founded in 2015. It employs 1 to 10 people.
Where is New Way Homes based?
New Way Homes is headquartered in San Francisco, United States, in the North America region.
How does New Way Homes make money?
Two revenue lines are on record. Investor Capital Deployment is the primary driver. The others are development and Pre-development Funding.
Who are New Way Homes's main competitors?
Direct peers on record are MidPen Housing, BRIDGE Housing, Mercy Housing, Eden Housing, Abode Communities and Community Vision. Broad incumbents are Enterprise Community Partners, Local Initiatives Support Corporation (LISC) and Habitat for Humanity. Grounded Solutions Network is listed as an others.
Does New Way Homes have an API?
No public API is recorded for New Way Homes.
What industry is New Way Homes in?
New Way Homes's product category is Affordable Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of IMAFABAI, Residential Affordable Housing Development & Construction. Its NAICS code is 236116 and its SIC code is 6163.