Katie wraps up her discussion with ChangeMaker, Atticus LeBlanc, the founder and CEO of PadSplit, a privatized housing company focused on providing affordable houses. PadSplit was founded in 2017 and offers single and multifamily properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing.
About Atticus LeBlanc:
Atticus is the founder and CEO of PadSplit – the country’s largest shared housing marketplace that’s designed specifically for the workforce. They have over 2,600 units (within just 3.5 years), including single and multi-family properties. PadSplit also increases yield by more than 100 percent for property owners by using existing housing stock as shared housing.
Numbers-wise, PadSplit was founded in 2017 and has raised $35.1M in the capital, and was also named one of the top 10 tech companies in Georgia, as well as being the affordable housing company of the year by the PropTech Innovation Awards.
Before founding PadSplit, Atticus’ background was in more traditional affordable housing that required direct public subsidy. He has owned and managed Housing Choice rentals for more than 13 years and was an early developer with HUD’s NSP program through the City of Atlanta. He remains supportive of increasing public investment into housing opportunities, but his experience has demonstrated that these subsidized programs are simply too slow and inefficient to address the unprecedented housing shortage we face today.
Hosted By: Katie Goar