ASCENDANT HOMES

An invitation to think about Ascendant

Ascendant is

• a pre-start "B Corp"
• committed to providing more access to affordable housing
• by making house kits 400 - 1,000 sq ft, flat packed and ready to finish

Market Segment in Stages

• owner occupied, 50-70% AMI
• Rental Units
• ADUs
• Transitional housing

Financial Structure

• Combination of Debt and Equity
• Net profit capped at 20% for owners or reinvestmen
• Additional proceeds targeted towards mission consistent nonprofits in the form of grants, rebates or loan guarntees

Product & Capacity

• Structures will meet/exceed Habitat standards
• Full stage capacity could be 100 homes per month
• A 300 Mile Shipping Radiu

Construction: Medium Tech

• Off site and under cover
• Materials move on conveyor belts
• Modifications made at workstations with hand-held powe tools

Alignment Advantages

Participation & Engagement

• off-site construction
• on-site participation by home owners and volunteer

Financial

• Lower cost per unit increases annual units or recalibrates target AMI
• Frame paid from loan proceeds: no cash flow impact for Habita
• Possible Ownership Role
• Ability to scale nationally and internationally

Possible Roles & Responsibilities

Sample Transaction

• Habitat qualifies homeowner and arranges financing
• Habitat places order
• Ascendant builds and delivers frame and finishing elements
• Homeowners, Habitat staff and volunteers erect frame and finis

Hypothetical Economics

Density

• Zoning is key to affordability, particularly in land cost, site prep
• 15 or more 'studio' or 'cottage homes could be sited per acre
• Habitat holds expertise in zoning and policy development
• Ascendant can add its own resources case by case or more broadly.

Ascendant's Start-Up Plan