We’re committed to our communities.
We believe creating the right housing supply in California is necessary to build a diverse workforce, end chronic homelessness, add to economic opportunity and vitality in our community, and stop economic displacement disproportionately affecting communities of color.
Our Approach
Start with a Ground-up Industry Redesign
Share equity and control with institutions already serving neighborhoods, increasing their long-term stability and resources and following their knowledge of community needs.
Don’t compete for the oversubscribed sources of government funding.
Attract sources of capital with fixed or capped returns, allowing project structures that maximize affordability, not profit.
Maximize income-restricted affordable housing and price-stable rental housing.
Operate the housing with best practices for reducing displacement, particularly from lower income neighborhoods.
Assemble a development system that increases efficiency and reduces cost across development, design, project management, and general contracting services.
Use high-quality modular construction where feasible.
Use new environmentally sustainable building practices and techniques to lower long-term costs and create healthy buildings.
It works!
We have over 350 units currently under development.
In 2021, we completed our first project of 12 units, with more under construction.
Four of our projects have successfully repaid over $800k back to the New Way Homes Fund to be re-used on starting the next projects.
New Way Homes has a 5+ year track record of making all payments to its investors.
We have many non-profit land owners ready to partner with us for over 300 more units, so we are raising the capital now to begin those projects.
View Our Projects⟶
Highlights
Our team has decades of experience permitting, designing, and operating housing & social services.
Our model can show how to scale the missing part of the housing industry.
Many of our projects are creating housing owned by Black churches.
There isn't close to enough government funding to meet the growing affordable housing need—New Way Homes helps fill that gap.
Our funders include Common Spirit (formerly Dignity Health), Facebook, and Community Foundations in Santa Cruz & Silicon Valley.
We have a 5+ year track record of making all interest payments to investors.
Thousands of non-profits own land & want to develop affordable housing; we unlock that potential.
Management Team
-
Sibley V. Simon
PRESIDENT, NEW WAY HOMES
Former technology entrepreneur, founder of New Way Homes, co-founder of the 180/2020 Initiative, Principal at Workbench
-
Alyssa Willett
VP OF FINANCE, WORKBENCH
Leads finance & compliance for NWH; formerly Finance & Operations Director at Housing Matters
Development Team
The development of current NWH-funded projects is managed by the Envision Housing development team at Workbench.
-
Pastor Raymond Lankford
COMMUNITY LIASON
CEO of Oakland Private Industry Council & Executive Director of Healthy Communities and UCSF Hospital Community Advisory Board Member. | For over 25 years has connected resources to lower income neighborhood churches in Alameda County.
-
Serena Collins
DEVELOPMENT MANAGER
Formerly an event planner for a major venue in San Francisco, Serena leads the development of multiple NWH housing projects in Oakland, CA and assists with raising capital into the New Way Homes fund.
-
Jason Todd
DEVELOPMENT MANAGER
Previously VP of Real Estate Development at Calvano Development, Jason Todd brings 7+ years of commercial real estate development experience to NWH housing projects in Oakland, CA.
-
Diana Alfaro
DEVELOPMENT MANAGER
Diana comes to NWH with 13 years of experience in project management in affordable housing development in the Monterey Bay region.
Board of Directors
-
John Ballard
Treasurer
Former President of SPX Communication Technologies and TCI | Over 25 years leading strategic planing and direction and finance for growing companies.
-
Uche Uwahemu
Director Government Affairs, Center for Elders Independence | Board Member @ City of Richmond's Workforce Investment Board. Former Senior District Field Rep @ Office of State Assemblywoman Buffy Wicks
-
Christine Sippl
Senior Director of Programs & Strategic Partnerships @ Encompass Community Services | Previously @ Santa Cruz County’s Homeless Person’s Health Project where she developed permanent supportive housing and partnered to form the 180/180 Initiative.
-
Andrew Ow
Counsel @ Ow Family Properties | 12+ years as an attorney working in commercial real estate and related businesses.
-
Michael Silvey
Vice President, LEED Certification @ Green Business Certification, Inc. | Oversees GBCI’s global LEED green building certification activities.
-
James Rector
Director, Solar Lending @ Sunwest Bank | Provides financing for solar installations, at non-profits and public buildings.
-
Robert Singleton
Secretary of the Board
Founder @ Civinomics | Current work includes housing policy recommendations and research for the Santa Cruz County Business Council and Association of Realtors.
-
Aura Oslapas
Principal at A+O Design Partners. Over 30 years as a design professional, including experience design, product design, and design management & strategy.
-
Owen Lawlor
Managing Member at Moss Beach Associates, LLC. Over 20 years of experience in all aspects of the Residential and Commercial Real Estate Development Process with special emphasis in governmental relations within the Land Use entitlement process.
