The Parallel Housing Economy · Anchored at South Vine, KC

The same map. The opposite economy.

500 homes · 25.67 acres · downtown Kansas City. A $50M master revolving facility — all 500 homes plus a $15M land bank on one line, repaid by net sale proceeds. 30 months. Net proceeds cover the peak draw 4.6x. 375 of 500 homes price at 88–99% of area median income without subsidy. The first project that stacks scale + vertical material supply + coherence reset + federal-stack sophistication on a single site — and the proof point that scales into the 20-metro National Housing Crisis Task Force.

500
Homes · 30-month delivery
$50M
Master revolving facility
4.6x
Net-proceeds coverage of peak draw
20
Metros replicable
— The Inversion —

The crisis map is the opportunity map.

The same neighborhoods 1936 federal redlining marked off-limits — and today's HUD QCT designations re-map — are the highest-leverage workforce-housing market in America. The federal incentives are on the books. The buyers are pre-qualified. The diligence is federally pre-done. What's missing is the first operator with the operational stack to convert designation into delivery. That's the South Vine anchor.

FUND II · LIVE
PIPELINE$50M revolver
ANCHORS500 homes
GP$25.9M net
IRR4.6x cover
COMM$50M master line
— The Asset Class Math —

The same playbook, at three altitudes.

Profitable in isolation. Tax-advantaged at every layer. Exponential at the network level — because the operating system, not the factory, is the moat.

$30M
Each Cell · Annual
  • · $50M upfront investment
  • · 500 homes / year
  • · $175M annual revenue
  • · $30M annual gross profit
$6B
200 Cells · Annual
  • · National network online
  • · 100,000 homes / year
  • · $35B annual revenue
  • · $6B annual gross profits
Tax-Free
Returns Treatment
  • · Distressed-community focus
  • · Qualified Opportunity Zones
  • · Tax-exempt bond financing
  • · LIHTC basis bonus stack
The factory is the hardware. The OS is the moat.
— Anchor the First Node —
$50M

$50M master line. 20-metro parallel economy.

  • · $50M master revolving facility funds the South Vine 500-home anchor + a $15M land bank
  • · Phase 1 (100 homes complete by month 9) on existing R-1.5 as-of-right zoning
  • · One revolving line · repaid by net home-sale proceeds as homes close
  • · Peak outstanding $43.7M (87.4% of commitment) · net proceeds cover the peak draw 4.6x
  • · When KC clears, the model replicates into Cleveland, Chicago, Boston, Birmingham — the 20 metros of the National Housing Crisis Task Force
OneMillion.Homes — Methodology

Cost-burden geography from ACS 5-year Table S2503 (2022–2024). Federal Qualified Census Tract overlays from HUD QCT files (2022–2026). Historical HOLC polygons from Mapping Inequality, University of Richmond. Modeled deployment value uses $422,089 per home (the South Vine blended sale price); cell economics use the South Vine primary proforma: a $50M master revolving facility / 500 homes / $211M development revenue / $32.8M homebuilding gross margin.

“Anchor tracts” are the same 33 KC tracts identified in the cost-burden + QCT + HOLC C/D analysis — reframed as the highest-leverage federal capital stack: tax-exempt bonds + LIHTC bonus basis + Opportunity Zone overlap.