Manufacturing affordable houses and emergency shelters for the homeless to help California's insatiable need for both. The company owns a for-profit company, Dura-Hex LLC, which manufacturers structural insulated foam panels (SIPs) with polyurethane at the core, clad with materials that won't burn. We began manufacturing in January 2021 and started by building emergency shelters for the homeless. We got rave revues from local governments for the products which were airconditioned, heated and had a lockable door for safety. We could envision hundreds of units to replace tent camping in Sacramento, San Francisco and beyond. But, when it came time to buy, we learned the hard way that the money is locked up with local governments and getting through the bureaucracy and rigid zoning requirements takes too long. We were just returning to our core mission which is affordable housing when our landlord got a better offer and we had to move out. Our manufacturing plant is in storage in W. Sacramento and needs to go back to work. Our plans for the future are to acquire and develop our own projects so we don't have a dependence on government. We will, however, continue to seek low-cost financing and grants where possible.
We own free and clear land appraised at $1,315,000 and the plant worth about $300,000,. I have personally invested over $500,000 in Dura-Hex LLC and have not taken any compensation. To resurrect the manufacturing operation with comfort I am seeking about $500,000 in working capital which could be a Line Of Credit., and additional funds of up to $5 million for acquire and develop real estate The money will enable me to bring back the plant manager (very capable) and hire others needed to manage, market and grow the company to its full potential. `
In my rather extensive business career I have never seen a greater humanitarian need coupled with an economic opportunity than the market for affordable houses in California. This will be very profitable while helping a lot of people.
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