Greenville, SC – January 10, 2018 – Capital Partners is a new organization whose goal is to invest in the revitalization of distressed urban communities and opportunity zones. Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The affordable housing crisis is affecting millions of people in both low and middle-class households. These households are paying 70% or more of their yearly income to struggle to pay for housing.
There is an extremely low supply of affordable housing, and this is making it extremely hard for people in these income zones to survive. Capital Partners is looking to resolve this crisis. In the past 18 years, the median amount for a new house rose by over $162,000 (51%) meanwhile the median income for people in the US in the last 18 years rose by less than $1,000 (9.7%). This substantial deficit is making it harder for the average person to afford places to live and is the main cause of the affordable housing crisis.
Capital Partners main goal is to purchase commercial apartment buildings and multi-unit complexes, and lease them out for lower than 30% of an individual’s income per month, to revitalize and help grow these communities. Their goal is to turn an opportunity zone into a place families can call home, and relieve them of the stress of paying too much for a place to live.
Capital Partners is looking for investors to invest in a piece of the company, and raise capital for these properties. At the end of the day Capital Partners wants to help out the middle and lower class, by giving them affordable housing, and their goal is to spread their investments across America and be able to improve as many areas as possible.
Capital Partners io, Inc.
Company Name: Capital Partners io, Inc.
Contact Person: Dylan DeSena and Mitchel Turner
Email: Send Email
Address:2140 S Dupont Highway
State: DE 19934
Country: United States