Understanding the Mission
Today in America, we are facing potentially the most challenging affordable housing crisis in history.
1 in every 5 Households
Are earning less then their means and are considered an 'Extremely Low Income Household'.
71% of Extremely Low Income Households
Spend more than half of their earnings on housing and utilities and own little if any assets.
Development of New Affordable Housing Units Nearly Impossible
Given the ever-increasing cost of land, labor, and materials, development of new affordable housing projects are nearly-impossible without the support of government subsidies and tax incentives.
COARE is focused on solving the challenges of affordable housing through the acquisition and preservation of the most affordable type of housing in America - Manufactured Housing Communities.
"If you can find something to invest in and help someone while you’re at it, then why not?
Not everyone has to put up a new development to make money"
- Daily Commercial