Affordable Housing Startups:
Katerra is a Japanese-funded American technology-driven offsite construction company. It was founded in 2015 by Michael Marks, former CEO of Flextronics and former Tesla interim CEO, along with Fritz Wolff, the executive chairman of The Wolff Co.
PadSplit, an Atlanta-based co-living start-up, is working to create more living options by taking existing single-family homes and apartments and subdividing them to accommodate more bedrooms, with shared common spaces and bathrooms. The company hopes to make finding a place to live close to work easier and less expensive with water, Internet, washers and dryers, and parking, all in one fixed weekly payment.
FlyHomes seeks to even the odds by making a cash offer on an average income earner’s behalf. The Seattle company sticks with its clients through every step of the home-buying journey, helping to inspect the property, sharing detailed pricing analyses and leveraging its negotiators to take care of the paperwork. Once FlyHomes makes a cash offer and secures the home on a buyer’s behalf, buyers have 30 days to sort out their financing. The startup also recently expanded its offerings to include mortgages, title and escrow, and home repair and renovation services.