The plan is to choose the first Hero’s home from properties already in the renovation phase with Memphis Invest. We’ll select the one that makes the most sense. A portion of the funds raised will go towards having the house independently appraised and inspected by a third party and then re-inspected should any additional work be required.
With Hero’s Home #1 to be located in Memphis, TN, the planning began with budgeting for all costs to be incurred with the acquisition, rehab and transfer of a quality single-family home.
Tasks were divided among the founders, official governing docs drafted, reviewed and finalized, banking and other administrative matters (including this website) were established, and more.
This thing is really moving forward now.
A Hero’s Home, Inc. was established as a District of Columbia non-profit corporation in March, 2018.