Rent that never goes up.
We buy apartment buildings with cash, rent them below market, and never raise a resident's rent. A Bitcoin treasury does the job that rent increases do everywhere else.
Why rent goes up everywhere else.
Rent increases are a financing choice. Three costs sit inside a normal building, and all three get passed to the people who live there. We removed all three.
Interest is the largest cost in the building. Rent services the landlord's loan.
The building exists to produce a return, and rent is the product.
Taxes, insurance, and repairs go up. The increase lands on your renewal letter.
We buy buildings with cash and never borrow against them.
A nonprofit owns the building. Nobody takes a profit out of it.
Each building is backed by a reserve that grows faster than its costs. The treasury absorbs the increases.
How a donation becomes permanent housing.
Supporters give Bitcoin or dollars. Every gift is tax-deductible.
The charity buys an apartment building outright, in cash. No mortgage.
Residents pay below-market rent, in dollars or Bitcoin. It never goes up.
Rent left after running the building is saved into a Bitcoin treasury.
The treasury compounds until it can buy the next building.
Every building is owned outright from day one.
No interest expense, no lender, no foreclosure risk.
For households at or below 80% of area median income.
A 501(c)(3) pays no capital gains when it sells Bitcoin.
Built like an endowment.
Most housing charities spend every dollar they raise, then go raise more. The money never compounds, so the mission never scales.
We run like a university endowment. Every building is backed by a reserve, and the reserve is held in Bitcoin. When property taxes, insurance, and repair costs rise, the treasury covers the increase. In every other building, that job belongs to your rent.
When a treasury outgrows what its building needs, we sell a portion, tax-free as a public charity, and buy the next building. Each new building starts the cycle again.
The first building will be in Madison.
We are raising the purchase price of our first apartment building. It will be bought in cash, rented below market, and its residents will never see a rent increase. Every donation moves the closing date closer.