Adopted by its Board in March 2023, the current strategic plan outlines a significant shift in Intunity’s approach to providing first-class, safe and affordable houses for persons with intellectual and developmental disabilities who choose to live in community residential housing.
Background
Prior to COVID, Intunity focused on purchasing affordable houses in neighborhoods acceptable to our prospective tenants and their families/conservators. Acquiring existing housing stock presented a number of challenges, not the least of which was the age of the house and the often less than ideal configuration.
The COVID era changed the housing game as hundreds of for-profit investors came into the market to acquire houses, driving up the “values” and raising rents to achieve their desired ROI. This was a “double whammy” as it priced Intunity out of the residential market and put extreme financial pressure on those of our potential tenant demographic who found themselves trapped in investor-owned properties at a rent structure beyond their ability to pay on an income limited to Supplemental Social Security.
The Project
Intunity plans to overcome these challenges by designing and building its own homes using an efficient floor plan, with fully accommodated bathrooms, doorways and hallways, that are both energy efficient and durable. These will be “smart” homes designed to provide an opportunity for greater independence for the tenants. And most importantly, while maintaining a below market rent structure. Contingent on funding in the range of $4.5MM to 5.0MM, the plan contemplates that Intunity will build 13-15 new homes over the next four (4) years, to be located throughout West Tennessee.
Partnerships
In partnership with United Housing, Inc., LRK architects and the Housing Fund, INTUNITY PLANS TO BEGIN CONSTRUCTION IN THE SUMMER 2023.
