ZeroDown Looks to Expand Homeownership in Bay Area

Today, the company announced a $30 million round from former YC president Sam Altman and Goodwater Capital; ZeroDown offers a balance between renting and owning a home and charges a $10,000 fee per home; once a property is selected the customer leases the home from ZeroDown and has five years to cover the cost of the down payment; along the way they receive purchase-credits which give them a percentage of the home value which can ultimately be used towards purchasing the home after two years; customers also have the option to redeem the credits should they decide to move; the company is supported by a real estate fund which is used for the purchase of the homes. Source

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