The indieDwell Model
We believe housing is a local business, as such we establish deep partnerships with local foundations, investors, non-profits, governments and economic development groups in order to bring indieDwell factories to communities in need of economic and workforce development.
How it works
indieDwell has developed an employee owned / joint venture approach to partnering with local communities. This approach creates jointly owned factories in local communities which produce housing both for the community and for the region.
The process is simple:
01. Identify the community
We look for communities with the following attributes:
Low to Moderate Income Community
Incentives for economic and workforce development
Within 200 miles of major metro in need of affordable housing
Good labor availability of general labor (not skilled)
Near a Community College with vocational programs
Community in need of economic development
Good transportation infrastructure
Existing building we can lease
Possibly in a NMTC tract if we were to build and own the facility
Possibly in an Opportunity Zone
02. Identify the partners
First and foremost we seek partners who share our purpose, mission, vision and values. Without alignment on our purpose we do not have a way forward. Once alignment is confirmed we are looking for partners who:
Have great local and regional relationships
Understand local and regional housing markets
Have capital to contribute to the partnership
Can help to solidify housing demand and contracts prior to launch
03. Identify the factory site
indieDwell generally looks to rent or purchase existing locations rather than create new structures. Our factory design process is highly flexible and can work in many existing structures. Our factory sizes range from 50,000 to 100,000 square feet and require an equivalent outside storage space.
04. Secure demand
indieDwell requires contracted demand of between 6 and 12 months prior to opening a new factory. Without secure demand the factory will struggle to get up and running in a timely manner.
05. Hire, outfit and launch
The final step is to create the entity, hire the staff, rent the facility and start building homes to solve the crisis we are facing.
If you are interested in bringing an indieDwell Factory to your region we want to talk to you. Please fill out the form below or send an email to firstname.lastname@example.org and we will contact you within one business day.