In an effort to rebuild Haiti and help displaced families, this crowdfunding platform focuses on financing new homes. Haitian non-profit New Story helps families crowdfund the $6,000 USD required to rebuild long-term housing. While short-term shelter is undoubtedly necessary for the victims of natural disasters and conflicts, this is a solution with more permanency.
In collaboration with Missions of Hope, New Story is trying to rebuild Haiti by enabling families to launch crowdfunding campaigns. Those hoping to help can read the families' stories and see a breakdown of their expenses before donating. All the fundraised money goes directly to the project and is completed by local contractors. The houses are usually three room blocks that take around two months to construct.
So donors can see the impact they're making, families will also post video updates.
Crowdfunded Haitian Housing
New Story Helps the Displaced with Permanent Shelter to Rebuild Haiti
Trend Themes
1. Crowdfunding for Housing - The trend of crowdfunding is disrupting traditional methods of financing housing projects and providing innovative opportunities for non-profits to help people in need.
2. Permanent Housing Solutions - More focus and investments are being made in housing solutions that have long-term effects as opposed to short-term measures.
3. Localized Construction - Efforts are underway to utilize local contractors and laborers to complete housing projects, providing employment opportunities and economic growth in the community.
Industry Implications
1. Non-profit - Non-profits are utilizing crowdfunding to secure funding for innovative housing solutions that better address the long-term needs of communities.
2. Construction - Localized construction efforts are disrupting traditional design and building methods, potentially fostering opportunities for new technology and sustainable practices.
3. Finance - Crowdfunding is disrupting traditional financing methods for various industries, including housing, while providing more accessible investment opportunities for donors.