Investors & Financing
The Uplifters program is expected to be financed through approximately $200 million of tax-exempt bonds.
The financing structure is designed to support the Foundation's charitable mission while creating a disciplined path to repayment.
Capital Structure
- Approximately $200 million of tax-exempt bond financing
- No developer equity
- No promote structure
- No profit extraction prior to repayment
- All capital deployed into land, construction, and carrying costs
Use of Proceeds
- Acquisition of fire-damaged residential parcels
- Construction of new single-family homes
- Carrying costs during the lease and disposition period
- Program administration and compliance
Security
Bond holders are expected to receive a security interest in program assets, including acquired land and completed homes, subject to customary terms and structuring requirements.
Repayment
Primary repayment source:
- Sale of completed homes, typically to existing tenants
Priority of proceeds:
- Interest payments
- Bond principal repayment
- Remaining program obligations
- Residual proceeds allocated to charitable purposes
Trustee-Controlled Cash Flow
All disbursements are expected to be controlled through a third-party trustee or paying agent, ensuring that bond proceeds are applied only to authorized program purposes.
Risk Management
- Guaranteed Maximum Price construction contracts
- Multiple general contractors distributing execution risk
- Independent Owner's Representative oversight
- Third-party disbursement control
- Phased capital deployment with validation milestones
- Standardized underwriting criteria for parcel acquisition
Important Notice: This website is for informational purposes only and does not constitute an offer to sell or solicitation to buy securities. Any securities offering will be made only through formal offering documents. Nothing on this page should be construed as investment advice or a commitment to provide financing on any specific terms.