SYMBiHOM LLC Uses Small Change Crowdfunding Platform To Raise Capital For Scaling of Kits Enabling Conversions of Garages into ADUs
Female-Led Company Seeks to Expand Affordable Housing Options in Bay Area
SAN JOSE, Calif. – September 7, 2022 – SYMBiHOM LLC, a female-led company designated by the California Housing Finance Agency as a preferred provider of ADUs (accessory dwelling units) statewide, is raising capital through SmallChange.co, a mission-driven crowdfunding platform for real estate development, to scale the production of its SYMBiHOM Garage conversion kits. The kits allow homeowners to quickly convert their garages into modular, prefabricated, and approved ADUs.
According to Rebecca Moller, SYMBiHOM’s founder and CEO, the company’s mission is to increase workforce rental housing and homeowner income, facilitate aging in place, and provide multi-generational living at low cost. The company’s campaign on SmallChange.co follows Moller’s design and development of the conversion prototype, implementation of incentives, and establishment of numerous partnerships with manufacturers and contractors. To date, a studio conversion has been completed in San Jose and a one-bedroom is under construction in Burlingame, with more conversions expected to begin soon. SYMBiHOM plans to scale up from 80 conversion kits sold in 2022 to 4,000 by 2026.
As a woman-owned business focused on helping to solve the housing crisis, SYMBiHOM met the criteria of the Small Change Index™, which rates developers and developments according to social impact and assesses their commitment to environmental, social and governance (ESG) principles.
“In 2021 the State of California established new incentives and funding channels to promote the creation of ADUs for renters with low or moderate incomes,” says Eve Picker, founder and CEO of SmallChange.co. “I applaud this legislation: It enables companies like SYMBiHOM to help alleviate the state’s housing challenges.” Investment minimums start at $1,000 and anyone 18 or older can invest. To learn more about this offering, please view the listing details.
About Small Change
SmallChange.co is a crowdfunding platform that enables developers to raise capital for real estate projects with social impact. Since its inception in 2016, SmallChange.co has helped 39 developers raise over $10 million for projects in 21 cities, big and small, across the United States.
SmallChange.co evaluates each project listed on its platform using its proprietary Small Change Index™, which employs a broad array of factors to determine social impact. Over half of the deals funded via the Small Change platform have either a minority and/or female sponsor, and all of them score above 60% on the Small Change Index. To date, 68% of the projects on the platform have included affordable housing and 84% have been located in underserved communities.
In 2020 U.S. News & World Report named SmallChange.co one of the top seven real estate crowdfunding platforms.
Small Change - Rachel Antman, Saygency (212) 362-5837 [email protected]
SYMBiHOM - Rebecca Moller, CEO and founder, SYMBiHOM (650) 288-2911 [email protected]
NSSC Funding Portal, a SEC registered Funding Portal and member of FINRA, offers investments under Regulation Crowdfunding or Title III, per Section 4(a)(6) of the Securities Act. These investments are offered to everyone 18 or over.
This is not a solicitation of an offer to buy or sell any securities. The projects illustrated above may not be indicative of all projects on the platform. All investing is risky and includes the risk of loss. Securities are subject to liquidity risk and cannot be easily converted to cash. *Past returns do not guarantee future returns. If you are interested in learning more, please visit Small Change for educational material and detailed offering information. You can always say [email protected].