The housing crisis. Modomo believe that the housing crisis in our towns and cities can be tackled by addressing four key challenges:
- Making housing more affordable
- Providing quality homes
- Developing unused land
- Delivering homes fast
Overview of start-up
Modomo are a meanwhile housing pioneer, driven to tackle the housing crisis. They develop using modular construction to deliver affordable housing. Homes are designed for relocation – once a lease is up, Modomo move them on to reinvigorate a new city space. Driven by the circular economy Modomo are aiming for 100% of their assets to be relocated and reused.
How the start-up has been designed to scale-up quickly
Partnering with public and private landowners to activate land quickly, and using modular construction to rapidly deploy homes. Modomo are backed by Round Hill Capital, a leading real estate investment firm with a portfolio of residential projects around the globe. Other partners include landowners, government and local communities.