VC investment in proptech can produce profits and alter life

In 2020, almost $24 billion in investment capital poured into businesses producing brand new technology services and products or revolutionary company models for the housing market. While things such as smart house apps and mortgage that is digital solutions make life easier for upmarket tenants and home owners, none of those technologies assist in improving the day-to-day battles of this the greater part of low-income families. A number of these emergent technologies might be adjusted in order to become “housing tech” solutions — focused on monetary resilience, fresh meals access, health care access and workforce development — that have the possibility payday loans West Virginia to transform the life of our most at-risk populations.

You could make cash while serving the good that is public.

Think about this: almost eight million Us citizens have actually slipped into poverty since might, in accordance with research released by Columbia University. Prior to the COVID-19 crisis hit, about half of all of the US households struggled to cover lease; a challenge this is certainly growing bigger every day as pandemic work losings continue steadily to install. About 23.5 million people — half of who are low earnings — live in meals deserts where usage of affordable, balanced diet is restricted or nonexistent. And a healthy body care is nearly impossible to gain access to, allow alone purchase, if you’re bad.

Due to the fact worldwide crisis continues to lay bare the deep inequities within our culture, it is clear that people require brand brand brand new methods for thinking to handle these systemic problems. Investment in technology innovation when you look at the affordable housing area may help solve these issues. Neighborhood governments and nonprofits are doing whatever they can. In 2015, ny established Urbantech NYC to discover technology that is new to urbanization issues faced by federal government, organizations and metropolitan residents, tackling dilemmas associated with meals, water, medication, waste management as well as other dilemmas. (more…)

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