Ellavoz Neighborhood Homes Funds

  • The Ellavoz model renovates and maintains properties to preserve their value and promote neighborhood improvement.

  • Our program provides for a variety of disposition options with the goal of homeownership by combining affordability with the ability to build intergenerational wealth, housing security, and sustainable communities.

  • The strategy includes a rental option that will rely on community and nonprofit partners to provide financial and homeownership counseling to help potential homebuyers achieve greater financial security including the possibility of homeownership.

What Makes the Ellavoz Neighborhood Homes Fund I Unique?

Ellavoz employs a socially responsible, vertically integrated platform comprised of acquisition and development of single-family homes, construction management, asset management, and realty services with the capacity to manage over a wide range of residential real estate asset classes and partnership structures.

  • A proven track record and relevant experience in acquisition and management of over 5,000 SFR housing units.

  • 10 years’ experience in building multi-level collaborations of high performing nonprofit organizations, public sector partners, and private sector stakeholders who understand safe, quality affordable housing is the foundation of thriving communities and increasing generational wealth.

  • Attraction of over $500 million in private equity, public sector investment, philanthropic funding, and debt resources to support the SFR platform.

  • Well-defined and developed acquisition strategies to acquire at scale single-family homes though a variety of channels including HUD, GSEs, financial institutions, MLS, and private sellers.

  • Best in class, low fee, transparent, direct impact investment asset platform that represents the Ellavoz shared values of financial and impact returns.

Ellavoz Neighborhood Homes Fund II - Overview

Ellavoz Impact Capital (“EIC”) is raising a $15 million (Hard Cap of $25MM) impact investment fund, the Neighborhood Homes Fund II (the “Fund”). The Fund seeks to invest Co-General Partner equity in projects that create new workforce homeownership opportunities and utilize tax advantaged multifamily value-add acquisitions in select markets of North Carolina and South Carolina.

Business Purpose & Vision: The Fund’s mandate is to achieve above market returns while providing cost effective housing and new homeownership opportunities in select North and South Carolina markets experiencing a surge in housing demand due to demographic and employment growth.

Strategy: Leverage expertise, local vendor relationships, impact motivated capital, local tax incentives, public subsidies, and price advantaged assets to create affordably priced homeownership and rental opportunities in the target geographies.

Ellavoz Neighborhood Homes Fund II

Platform Advantages:

Experienced Principals

  • Deployed over $3 billion in affordable housing and community development projects.

  • Acquired, built/renovated nearly nearly 5,000 housing units with capitalization in excess of $1 billion.

  • Owned & managed over 800 rental units throughout the country, including the Southeast.

  • 20+ years of real estate experience in the Carolinas.

  • Acquired and entitled on 500+ lots in the Carolinas.

Advantaged Sourcing

• Local market presence affording Fund opportunity to acquire off- market properties.

• Access to single-family zoned lots at substantially below market value, typically a 20% to 30% discount.

• Ability to purchase multifamily assets under different valuation framework creating substantial immediate upside.

Publicly Subsidized & Tax Advantaged Acquisitions

• Relationships with state and local governments to attract subsidy resources that promote quality affordable housing opportunity and strong financial returns.

• Partnerships with local nonprofits to improve tenant experience, disposition strategies, and access to local real estate tax exemption laws.

We have a novel capital asset philosophy to homeownership by relying primarily on a market-based approach that includes leveraging private capital, public sector investment, and debt resources to acquire single-family housing. This produces economies of scale, reduces transaction costs and time, and allows Ellavoz to rely less on public subsidy to create affordable homeownership opportunities.

Real estate investing is speculative and involves a high degree of risk, including potential loss of principal, therefore investors must be Accredited investors who can understand the risk and accept the potential loss of their investment.  Investors should read the full Private Placement Memorandum, Operating and Subscription Agreements and consult with their legal counsel and professional financial advisors before investing.