- link Copy URL - [ Share on X ](https://twitter.com/intent/tweet?text=A New Way of Developing Affordable Housing Through Partnerships https://www.3blmedia.com/markdownify/node/1254166?absolute=1&via=3blnews "Share on X") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/1254166?absolute=1 "Share on Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/1254166?absolute=1 "Share on Facebook") - [ email Share via email ](mailto:?subject=A New Way of Developing Affordable Housing Through Partnerships&body=ESG News from GreenMoney Journal https://www.3blmedia.com/markdownify/node/1254166?absolute=1 "Share via email") [Sustainable Finance & Socially Responsible Investment](/categories/sustainable-finance-socially-responsible-investment) # A New Way of Developing Affordable Housing Through Partnerships Mar 27, 2024 9:00 AM ET ![801 River Street is a historic renovation/repurposing project for Housing Matters in Santa Cruz, CA – providing eight units of long-term housing for homeless residents. New Way Homes provided the pre-development funding.](https://3blcdn.com/styles/carousel_2x/s3/2026-08/801-River-St-renovation-repurposing-home_GreenMoney-Journal_032624_1786534042.png) *by Sibley Simon, President, New Way Homes* There are three separate housing crises in the US today. **First**, there is a massive supply shortage that has made housing unaffordable to people working in many cities. The major causes of this supply crisis include restrictive zoning that leaves most housing development near job centers illegal, soaring construction costs, and a backlog of under-development due to the 2008 financial crisis. **Second**, our nation’s incomplete social safety net leaves many people unable to afford any safe housing even with a healthy overall market. And **third**, systemic discrimination created housing segregation, wealth gaps, and other effects that live on through systemic discrimination and a developed-world leading degree of class segregation. Of course, these three crises affect and compound each other. Housing cost increases drive increases in construction labor, making development more expensive. Rent increases drive more people into poverty and homelessness. Rapid increases in rent increase economic displacement that disproportionately change neighborhoods of color. There is no easy solution; in fact, some solutions to any one crisis can make the others worse. **But now New Way Homes is helping to solve the affordable housing crisis through their new partnership model. Read about it in their full article here** - ====== ### Additional Media #### Images [ ![8930 MacArthur is a multi-family affordable housing plus commercial project in East Oakland. New Way Homes purchased this long vacant lot and obtained approvals for environmental cleanup of the site.](/sites/default/files/styles/carousel_thumbnail_x2/public/images/8930-MacArthur-is-a-multi-family-affordable-plus-commercial-project-in-East-Oakland-New-Way-Homes_GreenMoney-Journal_032624.jpeg?h=459d5e68) ](/sites/default/files/images/8930-MacArthur-is-a-multi-family-affordable-plus-commercial-project-in-East-Oakland-New-Way-Homes_GreenMoney-Journal_032624.jpeg "8930 MacArthur is a multi-family affordable housing plus commercial project in East Oakland. New Way Homes purchased this long vacant lot and obtained approvals for environmental cleanup of the site.") [ ![Peace village is a housing development for Peace United Church recently approved by the city of Santa Cruz, CA. This project will create lower-income affordable housing, affordable co-living and market-rate housing on their campus with funding from New Way Homes.](/sites/default/files/styles/carousel_thumbnail_x2/public/images/Peace-Village-will-create-new-lower-income-affordable-co-living-housing-on-the-Peace-United-Church-campus_GreenMoney-Journal_032624.jpeg?h=3f5d3978) ](/sites/default/files/images/Peace-Village-will-create-new-lower-income-affordable-co-living-housing-on-the-Peace-United-Church-campus_GreenMoney-Journal_032624.jpeg "Peace village is a housing development for Peace United Church recently approved by the city of Santa Cruz, CA. This project will create lower-income affordable housing, affordable co-living and market-rate housing on their campus with funding from New Way Homes.") 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