Mitchell Blake | Application Preview
Mitchell Blake is applying for government grants to fund a project aimed at addressing the housing affordability crisis for low-income families. The funding required over three years includes $365,000 in the first year and $290,000 in each of the following two years.
The business plan focuses on developing subdivisions of green homes once designs are validated by local building authorities. The homes will be built on affordable land using simple construction methods and sustainable materials, ensuring a minimal carbon footprint.
The motivation behind the funding request is to empower lower-income families to achieve home ownership by enabling them to invest their time and money into building their own energy-efficient homes, which will be self-sufficient on plots ranging from 1/2 to 3/4 acres.
Mitchell Blake highlights that there are no known competitors in this space, giving his project a unique position. The competitive advantage lies in offering homes at a lower profit margin, around 10%, which will help more families become homeowners. The emphasis will be on using recycled and repurposed materials for furnishing to further promote sustainability.
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General Information
Business Registration Number: 528-19-4376
Location: Highland, UT, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
Year 1- $365,000 Year 2- $290,000 Year 3- $290,000
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Business Plan
Once the home designs and methods are proven and acceptable to local municipality/county building codes and ordinances, low-cost land will be acquired to develop subdivisions of green homes with minimal carbon footprint. Our current National housing situation prohibits lower income families from home ownership. My purpose is to provide opportunities for these families to invest dollars and sweat equity in building their own homes using readily available materials and simple construction techniques. These homes will have superior energy efficiency while utilizing minimal to no On Grid reliance. The goal is to have each home self-contained on a 1/2 to 3/4 acre.
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Self Identified Competition
No known competitors My intent is to provide cost effective homes at an eventual margin of ~10%. Profit will be kept minimum to allow for more families to aquire a home. Emphasis will be given to furnish and finish each home with recycled materials and repurposed appliances and furniture.
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Contact Applicant
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