01. Overview

Understanding
The Crisis

Real estate development is one of the most powerful wealth creating engines in the world. It's also a powerful instrument of wealth concentration.

A. The Crisis

A housing crisis with many causes and no meaningful solutions.

Market-rate housing development

Affordable housing development

Privately owned subsidized housing

Government developed and owned housing

Tiny homes, tents, and shipping containers

Custom modular construction

Real estate development is a true Gordian Knot. It may best be defined as a collaboration of a large number of highly skilled individuals combining physical, intellectual, and financial capital to create a real estate product. Each collaboration an act of creating a unique site and use-specific solution with each participant in the collaboration seeking to reduce their costs, increase profits, and remove risk from their particular role.
Actors in the Gordian Knot of development
  • Land Owners
  • Developers
  • Architects and Engineers
  • General Contractors
  • Countless Sub-contractors
  • Legal
  • Lenders and Finance Experts
  • Operators and Providers
  • Owners
  • Tenants
  • Government - Policies, Codes, and Regulations
  • Government - Finance and Subsidy
This complex process is then subject to macro forces that drive increasing costs
  • Growing scarcity of land, labor, and resources
  • Demand for improved building construction and operation efficiency
  • Government regulations addressing larger environmental impacts
  • Growing population
The outcome of such a complex, complicated, and market sensitive process results in inevitable macro trends
  • Increasing unmet housing demand
  • Escalating construction costs
  • Higher rents and home prices
  • Nationwide homelessness and affordable housing crisis

B. Our Vision

Without a new development paradigm, things will only get worse.

At Blokable we seek to unravel the Gordian Knot of real estate development to unlock the efficiencies of technological and financial system advances. We create a process that turns real estate development into a transparent and easily managed service rather than a competition between every actor in the process for profits and risk avoidance.

Blokable creates a physical product and a process of application for that product that disintermediates the traditional development and construction process. Removing complexity, while generating productivity and efficiency gains, allows the other elements of the housing creation process to be viewed differently. The questions can then be asked as to how to implement a system that generates low cost, secure, and resilient housing for previously unserved populations and, in the process of doing so, in whom or what should the resultant equity be secured?

Creation of high quality, low cost housing for all can only come through public, private, and civil society partnerships enabled by a process that produces housing at a scale in a low risk, efficient, and transparent manner. This approach ensures that taxpayers, private corporations, not-for-profit partners, and other civil society actors’ investments of time, assets, and money are utilized to create the maximum amount of housing. With the complexity of development decoupled from the process, each partner in the process can now seek to optimize the manner in which they participate in the partnership. This is a fundamental improvement on the current, failed public-private partnerships that are bound by the existing development paradigm.

Finally, with an efficient development process and the ability to create optimal public-private-civil society partnerships, it is possible to ask the deeper questions. What is the purpose of creating housing? Public safety? Basic shelter? An economy of renters? Perpetual subsidized housing? The current paradigm is a race to the bottom. Housing is a major determinant of health, wellbeing, education, opportunity . . . hope. We believe that all ownership, finance, and development structures should take an approach that optimizes the prosperity of individuals served and their community—a prosperity-centric development paradigm.

02. Our Solution