Dear Clients and Investors,

Patch of Land, Inc and its team was acquired in July of 2021. As part of our continuing efforts to wind down legacy operations, we have discontinued the legacy online portal as of August 15th, 2023

If you require legacy records or have any questions regarding past investment projects, please contact us at this address: [email protected]. Tax statements will still be timely delivered to the client addresses we have on file.

The Patch of Land Blog

Learn about all the latest happenings.

'Write A House' Rights a House for Community Revitalization

Is this a hole too deep, or a potential funnel to focus the light through? Crowdfunding once again expands the reach, shedding tangible light and wider resources on another community revitalization project. The degree of Detroit’s blight has often been described as one of the lowest points of such measure. This is changing quickly, and throughout the nation, we can thank the babybooming parents, the millennial offspring and the innovation of crowdfunding for maintaining priority of investing in social progress. And, what an interesting project, we happened upon this week...

A little background first: As we watch millenials become the driving force of our economy, estimated to control 7 trillion dollars in liquid assets, according to Forbes Magazine, we also watch the root of their inspiration sadly being cut from public schools. Music, performing arts, creative writing, and many other details of less than linear forms of education are quietly losing ground within public school budgets. The arts inspire minds, when knowledge darkly creates an undertow to individuals and neighborhoods already losing faith. What if the dot com industry had been less persistent? Lets's take a firm grip and hold on tightly to the arts that many consider dear, because our resources for solve are greater now too. Real Estate crowdfunding and rehab continue fueling community revitalization at an inspiring rate.

Related: Tiny House with a Huge Purpose

 

WAH Spears Community Revitalization, literally.

Just as our favorite potter revitalized a Chicago neighborhood by creating an artists community, Write A House (WAH) never lost faith in the potential of Detroit. In 2012, a group of writers and multi-faceted advocates founded WAH, and began revitalizing more than one population.  As the establishment of literary arts and vocational training increased, so did Detroit's Banglatown community revitalization. Destitute neighborhoods plagued with vacant houses, and little hope, were soon first page to a journal of unfolding purpose and inspiration to much more than what cement curbed. Rehabbing, rebuilding or remodeling, WAH began their building-with-a-conscience.

WriteAHouse-171Casey Rocheteau, was recipient of the Peach House, WAH’s first completed home given to a writer, in September 2014. After two probationary type years in residence, Rocheteau will own the home at no purchase cost. This is quite a leg up to a characteristically undervalued community and undervalued industry.

This August, another fortunate talent will be awarded the Blossom House. As otherwise underemployed students will work alongside a licensed contractor to install a hot water heater, re-plaster the walls, repair windows and insulation, installing a kitchen (and appliances) and painting... They learn, they teach and the ripple effect spreads wide.

Community revitalization, real estate crowdfundingCommunity revitalization, real estate crowdfunding

 

“Our mission is simple: to leverage Detroit’s available housing in creative ways to bolster an emerging literary community to benefit the City of Detroit and its neighborhoods. We enliven the literary arts of Detroit by renovating homes and giving them to authors, journalists, poets, aka writers. It’s like a writer-in-residence program, only in this case we're actually giving the writer the residence, forever.” writehouse.com

Related: The Ripple Effect of Real Estate Rehab

Located in active, creative and diverse communities, WAH revitalizes homes with the following focus:

  1. Training the under-employed on carpentry and building skills. (Providing potential for self-sustaining futures.)
  2. Using the newfound skills of the now-employed to renovate Detroit city homes and
  3. Awarding those homes to low income writers, securing their personal and literary investment in Detroit. (Again, providing potential for self-sustaining futures.)

Grass Roots Turn to Real Estate Crowdfunding

Leave it to a non-profit group seeking social good of a novel magnitude, to seek the innovation of real estate crowdfunding as well. The recent crowdfunfing campaign was housed on fundly.com, in effort to help WAH make literary and general community revitalization history again. The winning writer-applicant will be announced in August, while building and fundraising efforts continue.  Community Revitalization, Real estate crowdfundingIt doesn’t even matter where a writer comes from. If you are ready to plant roots in Detroit, become part of the community revitalization, continue to share the graduation of words to thought and paper to passion. You could be awarded a two-bedroom, 1100 square foot bungalow in Banglatown, a neighborhood just North of the city centre. What’s the catch? There is no catch, just the endless potential of real estate crowdfunding to make such lofty goals a repeating reality.

Computer technology, performing arts, crafted arts, and now writing. What other industries could you see benefitting from crowdfunding?


If you want to learn more about crowdfunding, take a look at some of the most commonly asked questions we receive about real estate crowdfunding on a daily basis and find out why so many people are crowdfunding real estate projects across the country with Patch of Land.
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If you still want to know how Patch of Land works for professional real estate developers and accredited investors, please visit Patch of Land’s FAQ section and learn more today.



If you want to learn more, take a look at some of the most commonly asked questions we receive about real estate crowdfunding on a daily basis and find out why so many people are crowdfunding real estate projects across the country with Patch of Land.
New Call-to-action
If you still want to know how Patch of Land works for professional real estate developers and accredited investors, please visit Patch of Land’s FAQ section and learn more today.

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