Solving the Affordable Housing Crisis

Wellness-Designed Living:

Streamlined & Adaptable Design Philosophy:

Modern Workforce Housing is more than a solution to the affordable housing crisis—it’s a reimagining of low- to middle-income living. Combining beautiful architecture, functional design, and sustainability, these developments create thriving communities that work for everyone.

company & values

Target Demographic

Young professionals who value social media-worthy design features and wellness-oriented living environments.

Affordability

This is not Section 8 or government-subsidized housing, yet our projects qualify for tax credits, TIFs, and incentives that further enhance investment feasibility.

Financials

Construction Costs:
$130k-$140k per unit

Rental Rates: $1.50$2 per sq ft or $900$1,500 per month (aligns with profitability goals and market demand)

Efficient Development

A phased approach delivers the first units within nine months, ensuring quicker returns and adaptability to market feedback.

Copy-and-paste architecture minimizes cost overruns.

Dusten Hendrickson

Caleb Veldhouse

Omar Khan, CFA

Mailbox Money operates on the belief that housing is a fundamental human right and that solving the affordable housing crisis represents both a moral imperative and a business opportunity.

Impact-Driven Development

Holistic Value: Affordable housing goes beyond cost efficiency—itʼs about dignity, health, and opportunity. Resident Stability: Each project provides stability, safety, and pride for its residents.

Breaking Barriers

Innovation Meets Inclusion: Challenge traditional real estate models by blending innovation with an unwavering commitment to inclusion.

Sustainable Affordability

Long-Term Stability: Projects are designed with energy-efficient systems, durable materials, and low-maintenance features to reduce living costs for residents.

Improved Security

Economic Opportunity: Safe, affordable housing fosters upward mobility and mitigates the risks of unsafe living conditions caused by affordability challenges.

Mailbox Money’s approach is anchored in a collaborative and vertically integrated model, ensuring accountability and efficiency at every stage of development.

Dedicated Leadership

Strategic Vision: Dusten directs land selection, design, and partnerships with community stakeholders. Development Leadership: Caleb oversees real estate development, construction operations, and legal counsel. Operational Expertise: Omar ensures portfolio management through financial sustainability and operational excellence.

Strategic Partnerships

Collaborative Efforts: Work with local governments, housing authorities, and non-profits to access incentives such as tax credits, grants, and subsidies.

Investor Alignment

Social Impact Investors: Attract investors who value social returns alongside financial
gains to sustain affordable housing developments.

Data-Driven Decision Making

Tailored Solutions: Use market research and community input to identify areas of greatest need and design solutions to meet local demand.

property details

Studio

Wellness design focuses on creating environments that promote physical, mental, and emotional well-being. It’s about more than just aesthetics—it’s about crafting spaces that improve the quality of life for residents and foster a sense of community, comfort, and sustainability.

wellness design

Natural Light

Maximizing sunlight exposure to boost mood, energy, and productivity.

Connection to Nature:

Designing spaces with green areas, walkable paths, and outdoor amenities to enhance mental health and well-being.

Air Quality

Using energy-efficient systems and materials to ensure clean, healthy indoor air.

Minimalist Layouts:

Scandinavian-inspired interiors that balance simplicity, functionality, and comfort.

Sustainable Materials:

Incorporating eco-friendly materials to reduce environmental impact and create a healthier living environment.

Quiet Living:

Implementing soundproofing and acoustic design to create tranquil, noise-free environments that support relaxation and focus.

Enhancing Well-Being:

Our focus on wellness ensures that tenants
live in spaces that promote health, happiness, and productivity.

Aligned with Our Mission:

By combining wellness design with affordability, we provide high-quality
housing that empowers residents to thrive.

Creating Community:

Thoughtfully designed spaces encourage social
interaction, fostering stronger connections and a sense of belonging.

Improving Profitability:

Wellness-designed homes command higher rents, reduce tenant turnover, and enhance long-term asset value,
making them a smart and lucrative investment.

Increase Market Appeal:

Wellness-oriented features attract young professionals and families
seeking modern, healthy, and sustainable living options.

Innovation and Differentiation

Developing your own products allows you to tailor solutions to your specific needs, potentially leading to unique offerings that differentiate you in the market. Acquiring existing solutions might limit your ability to innovate, as you're working with a pre-established product or technology.

Optimized Layout and Space Utilization

Creating new leases generates more value than improving existing ones. Tenants prefer brand-new units, reducing vacancy risks and enhancing long-term returns.

Reduced Risk

When you develop new multi-family properties, you might benefit from increased tax depreciation deductions due to the higher cost basis. Acquiring older properties might limit the depreciation benefits, affecting your overall tax strategy.

Adaptable Market Strategy

Developing properties gives you the flexibility to adjust your strategy based on changing market conditions and tenant preferences. Acquiring properties might limit your ability to pivot your approach without significant modifications.

Customized Marketing and Branding

Developing properties gives you the opportunity to create a unique brand and marketing strategy for your multi-family community. This branding can resonate more effectively with your target audience and set your property apart from existing, acquired properties that might have a different history or reputation.

Easier Capital Planning

Developing properties provides the opportunity to plan capital expenses upfront, reducing the likelihood of surprise repair and renovation costs in the initial years. Acquiring properties might come with unpredictable maintenance needs that can strain your budget.

Scalable Development Pipeline

Weʼve created a streamlined process to identify, plan, and execute new projects efficiently. By leveraging repeatable designs, optimized construction practices, and strategic partnerships, we bring projects to life faster, more affordably, and with minimal risk.

Predictable and Reliable Returns

Our streamlined approach and operational efficiency allow for predictable timelines and cost management, delivering steady cash flow and dependable returns across all our projects.

Expand Your Investment Reach

Our pipeline ensures a steady flow of development opportunities across various communities. This allows investors to diversify their portfolios by participating in multiple projects, spreading risk, and maximizing potential returns.

Long-Term Impact and Growth

Investing in our pipeline means contributing to a mission of creating thriving communities while building a portfolio that benefits from long-term value appreciation and tax-efficient strategies.

Addressing a Nationwide Need

Affordable housing is in high demand across the country. By developing projects in multiple regions, we not only provide critical housing solutions but also ensure our developments are strategically placed for sustained growth and tenant demand.

The Power of a Pipeline

Consistent Opportunities: A steady flow of projects ensures continuous growth potential.
Scalable Impact: Our approach allows us to bring affordable housing to more communities, addressing a critical need.
Portfolio Diversification: Invest across multiple projects to spread risk.

development model

By building a robust development pipeline, we empower
investors to not only grow their wealth but also make a lasting
impact on communities nationwide. Together, weʼre shaping
the future of affordable housing.

15-20%

Projected
IRR

5-7 years

Investment Time-Cycle

7-10%

Annual Cash-on-Cash Return

2x +

Equity
Multiple

Stability and Growth:

Bonus Depreciation
Accelerated depreciation provides substantial tax advantages in the initial years.

Cost Segregation Studies
Allocates higher depreciation deductions to investors by breaking down building components.

1031 Exchange Potential
Preserve and defer tax obligations by reinvesting gains into new projects.

Long-Term Capital Gains
Reduced tax rates for gains realized after the investment period.

$720M+

Total Transactions

27 Development / Acquisitions

3,648

Units

30.9%

IRR (Average)

2.0x

Equity Multiple (Average)

37.5%

AAR (Average)

Track Record

returns & benefits

Dusten Hendrickson

or Let Us Reach Out To You

Next Steps

Welcome to Modern Workforce Housing:

Small, boutique buildings designed to seamlessly integrate into suburban neighborhoods near urban cores, where opportunity, entertainment, and essentials are within reach—all without relying on Section 8 housing, federal grants, or USDA loans.

Financially Sustainable, Smart Approach:

Eliminates unnecessary features like elevators, long hallways, underground parking, and garages, reducing costs without sacrificing quality.

ADA-compliant ground floors ensure inclusivity.

Strong, scalable returns for investors make expansion simple and effective.

Wellness-Designed Living:

Scandinavian-inspired interiors with abundant natural light.

Quiet, efficient layouts that foster mental well-being.

Homes that don’t just fit into communities but elevate them, replacing stigma with pride.

Streamlined & Adaptable Design Philosophy:

A copy-and-paste model for thoughtful, efficient designs.

High-density sites feature clustered buildings; low-density sites allow for more spacing.

Quick planning and approval process with Economic Development Chambers and municipalities.

Modern Workforce Housing is more than a solution to the affordable housing crisis—it’s a reimagining of low- to middle-income living. Combining beautiful architecture, functional design, and sustainability, these developments create thriving communities that work for everyone.

Target Demographic

Young professionals who value social media-worthy design features and wellness-oriented living environments.

Affordability

This is not Section 8 or government-subsidized housing, yet our projects qualify for tax credits, TIFs, and incentives that further enhance investment feasibility.

Financials

Construction Costs: $130k-$140k per unit Rental Rates: $1.50$2 per sq ft or $900$1,500 per month (aligns with profitability goals and market demand)

Efficient Development

A phased approach delivers the first units within nine months, ensuring quicker returns and adaptability to market feedback. Copy-and-paste architecture minimizes cost overruns.

Dusten Hendrickson

Caleb Veldhouse

Omar Khan, CFA

Mailbox Money operates on the belief that housing is a fundamental human right and that solving the affordable housing crisis represents both a moral imperative and a business opportunity.

Impact-Driven Development

Holistic Value: Affordable housing goes beyond cost efficiency—itʼs about dignity, health, and opportunity. Resident Stability: Each project provides stability, safety, and pride for its residents.

Breaking Barriers

Innovation Meets Inclusion: Challenge traditional real estate models by blending innovation with an unwavering commitment to inclusion.

Sustainable Affordability

Long-Term Stability: Projects are designed with energy-efficient systems, durable materials, and low-maintenance features to reduce living costs for residents.

Improved Security

Economic Opportunity: Safe, affordable housing fosters upward mobility and mitigates the risks of unsafe living conditions caused by affordability challenges.

Wellness design focuses on creating environments that promote physical, mental, and emotional well-being. It’s about more than just aesthetics—it’s about crafting spaces that improve the quality of life for residents and foster a sense of community, comfort, and sustainability.

Natural Light

Maximizing sunlight exposure to boost mood, energy, and productivity.

Connection to Nature:

Designing spaces with green areas, walkable paths, and outdoor amenities to enhance mental health and well-being.

Air Quality

Using energy-efficient systems and materials to ensure clean, healthy indoor air.

Minimalist Layouts:

Scandinavian-inspired interiors that balance simplicity, functionality, and comfort.

Sustainable Materials:

Incorporating eco-friendly materials to reduce environmental impact and create a healthier living environment.

Quiet Living:

Implementing soundproofing and acoustic design to create tranquil, noise-free environments that support relaxation and focus.

Innovation and Differentiation

Developing your own products allows you to tailor solutions to your specific needs, potentially leading to unique offerings that differentiate you in the market. Acquiring existing solutions might limit your ability to innovate, as you're working with a pre-established product or technology.

Optimized Layout and Space Utilization

Creating new leases generates more value than improving existing ones. Tenants prefer brand-new units, reducing vacancy risks and enhancing long-term returns.

Reduced Risk

When you develop new multi-family properties, you might benefit from increased tax depreciation deductions due to the higher cost basis. Acquiring older properties might limit the depreciation benefits, affecting your overall tax strategy.

Adaptable Market Strategy

Developing properties gives you the flexibility to adjust your strategy based on changing market conditions and tenant preferences. Acquiring properties might limit your ability to pivot your approach without significant modifications.

Customized Marketing and Branding

Easier Capital Planning

Developing properties provides the opportunity to plan capital expenses upfront, reducing the likelihood of surprise repair and renovation costs in the initial years. Acquiring properties might come with unpredictable maintenance needs that can strain your budget.

Scalable Development Pipeline

Weʼve created a streamlined process to identify, plan, and execute new projects efficiently. By leveraging repeatable designs, optimized construction practices, and strategic partnerships, we bring projects to life faster, more affordably, and with minimal risk.

Predictable and Reliable Returns

Our streamlined approach and operational efficiency allow for predictable timelines and cost management, delivering steady cash flow and dependable returns across all our projects.

Expand Your Investment Reach

Our pipeline ensures a steady flow of development opportunities across various communities. This allows investors to diversify their portfolios by participating in multiple projects, spreading risk, and maximizing potential returns.

Long-Term Impact and Growth

Investing in our pipeline means contributing to a mission of creating thriving communities while building a portfolio that benefits from long-term value appreciation and tax-efficient strategies.

Construction Costs:
$130k-$140k per unit

Rental Rates: $1.50$2 per sq ft or $900$1,500 per month (aligns with profitability goals and market demand)

A phased approach delivers the first units within nine months, ensuring quicker returns and adaptability to market feedback.

Copy-and-paste architecture minimizes cost overruns.

Consistent Opportunities: A steady flow of projects ensures continuous growth potential.
Scalable Impact: Our approach allows us to bring affordable housing to more communities, addressing a critical need.
Portfolio Diversification: Invest across multiple projects to spread risk.

By building a robust development pipeline, we empower
investors to not only grow their wealth but also make a lasting
impact on communities nationwide. Together, weʼre shaping
the future of affordable housing.

Projected
IRR

Equity
Multiple