• Home Sizes and Costs: The homes will be 2-bedroom, 1-bath, and 2-bedroom, 2-bath models. Each home will be rented at a price significantly lower than the average rental rates in the area, meeting the criteria for affordable housing.

• Community Impact: Our goal is to increase the supply of affordable housing while providing attractive returns to investors. By offering immediate income to investors and enhancing community living standards, we contribute to social good.

• Track Record: The Manager has successfully returned nearly $3 million to investors through exceptional fund stewardship, industry expertise, and a commitment to affordable housing.

 

The demand for affordable housing in Las Vegas (Clark County) is immense, with a shortage of nearly 84,000 units. Rancho Affordable Living, LLC aims to help families move from shelters or short-term rentals into long-term quality affordable housing. We will support:

• Second-chance housing seekers

• Section 8 voucher recipients

• Social service subsidy beneficiaries

• Homeless veterans

• Homeless undocumented families and individuals

​

Gentrification in surrounding areas displaces low-income residents. Our project will increase affordable housing supply in a neighborhood with excellent access to public transportation, schools, and medical services.

​

• New Development: 23 new manufactured homes will be placed and rented.

• Residential Use: The project spans 1.66 acres at 1750 North Rancho Dr., Las Vegas 89106, Parcel: 139-19-803-001.

• Timeline: 36 months from the close of the offering, with a minimum of 24 months of targeted interest payments.

​

• Total Costs: $1,235,000

• Financing: An initial loan of $1,055,000 and $180,000 in owner equity.

• Investor Returns: Expected targeted total return of 28% (6% annual interest for 3 years plus a 10% bonus interest at project completion).

​

• Debt Offering: Up to a 3-year hold with targeted minimum 2-year interest payments.

• Annual Interest: 6% paid quarterly, with an additional 10% "kicker" at project exit, totaling a 16% return in the final year.

• Example Return: An investment of $100,000 would yield $6,000 per year (or $1,500 quarterly) and an additional $10,000 at exit.

​

Dr. Canaan V. Williams, CPEP, has over 25 years of experience in real estate investment and management, transforming distressed properties into high-quality, cash-flow-positive assets while maintaining housing affordability. His notable achievements include the revitalization of Hammonds Mobile Home Community in Orangeburg, South Carolina.

​

Las Vegas is experiencing significant development in affordable housing, with new townhomes and single-family residences being constructed nearby. The area offers excellent access to public amenities, making it an ideal location for affordable housing development.

 

Be part of a project that promises attractive returns and contributes to a positive social impact. Invest in Rancho Affordable Living, LLC, and help us build a better future for our communities.

 

For more information or to invest, contact us at invest@proactivefunds.com