Introducing Joist Housing Innovation Fund
We're excited to announce the launch of Joist Housing Innovation Fund, a new venture investment initiative backing early-stage companies that lower development costs and increase supply and affordability of housing in the United States. Building on Terner Labs' work at the intersection of housing policy, industry, and innovation, Joist grew out of a belief that new sources of investment capital combined with deep sector expertise can help promising housing solutions reach scale.
Grounded in experience
We know there’s no silver bullet for housing affordability. Creating more accessible, equitable, and sustainable housing opportunities for people of all income levels will require a combination of policy reform, public investment, private capital, rigorous research, and support for new ideas.
Over the last six years, we’ve tackled pieces of this puzzle through the Housing Venture Lab, the nation's first and largest accelerator for housing entrepreneurs. Our 40 alumni companies have gone on to improve housing and wealth outcomes for hundreds of thousands of people across the United States. Ventures like Esusu, PadSplit, Infilla, and Villa Homes are changing everything from how renters build credit to how new homes are permitted and built. The support we offer through the Housing Venture Lab has helped many of our founders clear hurdles and achieve significant growth.
As they scale, however, housing innovators continue to navigate a market that wasn’t built for their needs. Without the right funding, good ideas can get stalled at pivotal moments.
A new fund, purpose-built for housing
Joist Housing Innovation Fund is a natural evolution of our work to extend our ability to support housing entrepreneurs as they grow. It operates through a wholly owned subsidiary of Terner Labs as a separate and distinct initiative from the Housing Venture Lab, with its own investment strategy and decision-making process. Both efforts share a commitment to advancing housing innovation, but serve different needs and stages of entrepreneurial growth.
We're excited to share more soon. In the meantime, sign up for updates at joistcapital.vc.
Ventures seeking investment can fill out this form. If you’re interested in partnering, reach out at [email protected].
