What is Breaking Ground?
Founded in 1990 and headquartered in New York, New York, Breaking Ground is a prominent operator of nearly 4,000 units of housing across New York City, with additional properties in upstate New York and Connecticut. The organization specializes in supportive housing, which combines affordable housing solutions with comprehensive wraparound services designed to foster long-term housing stability for a diverse population. This includes individuals experiencing chronic homelessness, low-income working adults, veterans, seniors, those with mental illness, individuals affected by HIV/AIDS, families, and youth transitioning from foster care. Breaking Ground's operational scope also encompasses leasing and compliance management, reflecting its comprehensive approach to housing development and support.
How much funding has Breaking Ground raised?
Breaking Ground has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Breaking Ground
PPP
Public-Private Partnership
What's next for Breaking Ground?
The recent major strategic investment signals a pivotal moment for Breaking Ground, likely enabling further expansion of its supportive housing initiatives and enhancement of its wraparound services. Given the enterprise-level context of its total funding, the organization appears poised for continued growth and impact, potentially scaling its proven model to address the persistent challenges of housing affordability and homelessness in the regions it serves. Future developments may focus on increasing housing stock, deepening service integration, and potentially exploring new geographic markets or innovative housing solutions.
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