Proof of Concept
Ten homes to prove it.
Six hundred to scale it.
The Better Building Council / Build Officer pilot has a mini phase and a full pilot phase. Mortgages are held by the BBC and range from 2% to 3.5% based on the credit worthiness of the consumer. The MandL credit subsidies are funded by private and public participation.
Phase 1 · Mini Pilot
10 homes · 60–90 days
$5 million
The mini phase tests the DeedLease model at neighborhood scale. MandL credit subsidies are funded by private and public participation, and BBC-held mortgages range from 2% to 3.5% based on buyer credit worthiness.
- • BBC-held mortgages from 2% to 3.5%
- • MandL credit subsidies from private and public participation
- • Delivered before Oct. 15
Phase 2 · Full Pilot
600 homes · 4 states
$375 million
Home values range $375,000 – $650,000. BBC-held mortgages range from 2% to 3.5% based on credit worthiness, with MandL credit subsidies funded by private and public participation — a national-scale proof of concept.
Florida
200 homes
Texas
200 homes
Georgia
100 homes
Alabama
100 homes
The Social Impact Note
Capital that circles back.
15–18
months
From pilot launch to the formal introduction of the Social Impact Note.
1%
interest
The SIN is repaid to the government at 1% — funds rotate back into the program.
Year 5
self-sustaining
After five years, the economic circle flows independently — no new public capital required.