Legacy at Laconia LLC | Application Preview
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General Information
Business Registration Number: 917452
Location: Manchester, NH, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $1M to $10M
Open to Loans: YES
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Funding Usage
Operating capital for engineering, architects, remediation, legal, title, subdivision, permits, application fees, demolition and infrastructure build out.
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Business Plan
We will replicate our vibrant, inter-generational, self-sustaining community model which includes housing and services for all ages, all incomes and all abilities levels, across the nation by partnering with the local construction companies for each project. Housing is a necessity not a luxury. We are increasing the living conditions for our fellow human beings. Access to affordable housing is becoming increasingly difficult due to the costs to build. Building starts are tied to the economy and the driving factors which compounds the housing shortage problem. The non-profits cannot build fast enough to make a dent. We, as for-profit developers, can build much faster and reduce the growing housing shortages and bridge the affordability gap if we have access to sufficient grant monies.
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Self Identified Competition
Non-profit housing agencies are the closest competition - however we collaborate with them. There are other for-profit developers that focus strictly on maximizing profit by building out residential units, but they are not trying to do what we are doing. For-profit developers focus on maximizing profits. Their building cycles are dictated by what's happening in the economy and stops when the economy is sluggish. With the right fiscal partners and assistance we can build year round regardless of what's happening in the economy. This directly helps to provide more housing at all times.
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