<p>The new nonprofit, a Y Combinator-backed startup called New Story, takes an unusually transparent approach to handling money from donors.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>The new nonprofit, a Y Combinator-backed startup called New Story, takes an unusually transparent approach to handling money from donors.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing? | Co.Exist | ideas + impact

Did This New Nonprofit Crack The Code For Building Developing World Housing?

Did This New Nonprofit Crack The Code For Building Developing World Housing? | Co.Exist | ideas + impact

<p>That money will be reinvested in future communities, in a pay-it-forward model.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>That money will be reinvested in future communities, in a pay-it-forward model.</p>

<p>The model will be slightly different: Residents in the communities there have a small income, so they can pay a micro-mortgage.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>The model will be slightly different: Residents in the communities there have a small income, so they can pay a micro-mortgage.</p>

<p>This year, the nonprofit plans to launch in El Salvador and Bolivia.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>This year, the nonprofit plans to launch in El Salvador and Bolivia.</p>

<p>New Story is also expanding to other communities that lack decent housing in general. Each new location has a strong local partner.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>New Story is also expanding to other communities that lack decent housing in general. Each new location has a strong local partner.</p>

<p>As funds rolled in over the summer, New Story sent the money to Haiti in chunks, and local laborers built blocks of 10 to 20 houses at a time.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>As funds rolled in over the summer, New Story sent the money to Haiti in chunks, and local laborers built blocks of 10 to 20 houses at a time.</p>

<p>Each house, made from cheap, easily accessible materials (mostly concrete), costs roughly $6,000 to build.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>Each house, made from cheap, easily accessible materials (mostly concrete), costs roughly $6,000 to build.</p>

<p>Location is also key; another new development in Haiti has struggled to attract residents because it's too far from basic needs like work and food.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>Location is also key; another new development in Haiti has struggled to attract residents because it's too far from basic needs like work and food.</p>

<p>After watching a video of a specific family, you give money to help build that family a home; 100% of the donation goes solely to that house.</p>

Did This New Nonprofit Crack The Code For Building Developing World Housing?

<p>After watching a video of a specific family, you give money to help build that family a home; 100% of the donation goes solely to that house.</p>

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