New Story Charity

New Story Charity is a nonprofit organization focused on providing affordable housing solutions for low-income families in Latin America through innovative land development and ownership programs. Founded in 2014 in San Francisco, US, New Story Charity aims to create sustainable housing solutions. The organization was established by Alexandria Lafci, Brett Hagler, and Matthew Marshall. It has raised USD 0.

1 mn in Seed funding from Draper Richards Kaplan Foundation as the latest investment, which supports its operational initiatives. The organization has completed two deals as of January 2016. New Story focuses on providing affordable housing solutions in Latin America, primarily through land development and ownership programs. Their core offerings include securing underused land, constructing necessary infrastructure such as roads, power, and sanitation, and facilitating legal land ownership for families.

Families can make small monthly payments and receive legal titles within 24 months, enabling them to build equity and qualify for home loans using the land as collateral. They target low-income families who face challenges in obtaining stable housing, with a focus on empowering women, as 60% of land titles are allocated to female beneficiaries. Their services aim to impact over 10,000 lots by the end of 2027. New Story generates revenue through donations, impact investments, and corporate partnerships.

Families contribute through small monthly payments for land, supporting a sustainable revenue stream for ongoing projects. The organization emphasizes a dual mission of generating social impact and financial returns for investors through direct donations, subscription models for impact investors, and partnerships with corporations that support specific projects. New Story plans to enhance its offerings by developing new affordable housing projects targeted at expanding into additional regions in Latin America. The recent funding of USD 0.

1 mn from Seed funding will support these initiatives. By the end of 2027, the organization aims to significantly increase its impact, facilitating housing solutions for more families.