20,000 Rooms, 47,000 Housed, Billions of Taxpayer Dollars Saved
Summary
Even cities and states that prioritize affordable housing creation and offer subsidies are making no real progress on the issue, especially as unemployment and inflation are both expected to rise. PadSplit residents enjoy maximum flexibility with these co-living options, allowing them to move in quickly without the burden of long-term lease commitments, large security deposits, or upfront rent payments. The average stay of a PadSplit resident is 8.7 months, with many saving up for their own apartments, down payments on homes, or other financial goals, like affording a vehicle or starting a business. As a public benefit corporation, PadSplit is intentional about doing well and doing good, so its focus is on increasing the housing supply and decreasing barriers to access for essential workers. Their award-winning model allows individuals to find a flexible, long-term rental option that includes furniture, utilities, and access to public transit, all without a minimum credit score.