Own your home,
build your community, plant roots.
Our Principles
1

Partner with Homeowners

We help homeowners unlock their equity and leverage it to create new, affordable homes for themselves and their community on their lot.

 

Partnering allows us to design and permit a project with less upfront capital, and these reduced costs translate to lower prices of the units built. Working with new zoning rules, we create multi-family communities on previously single-family lots. 

cip-01.png
3

Allow Community to Invest

Nearly a quarter of all capital in a Frolic project comes from a Community Investment Pool. This allows people in the community to build personal wealth while helping finance a local housing project. Their capital keeps unit costs low and the Community Investment Pool allows residents to accrue additional ownership over time as community investors are bought out by the co-op.   

community.png
2

Design for Community

Inspired by Danish Cohousing, thoughtfully designed indoor and outdoor common spaces in our projects encourage relationships between neighbors and allow for far less isolated living.

 

Our projects accomodate 6-10 households each with private hosting space, as well as a common house that includes dining space, a kitchen and a guest suite. This provides each resident with the benefits of larger homes without the underutilized space and high cost.

balance.png
4

Balance long-term affordability with wealth generation

As a housing co-operative (co-op), approximately 20% of the capital in a Frolic project comes from homeowners who buy a unit – this means their cost is only about a fifth the cost of a normal home price. Plus, as a resident, you don’t just get access to the equity contained in your unit’s cost, but over time you capture part of the equity owned collectively by the co-op. Every 5-7 years, the co-op buys out community investors and transfers their ownership to residents, allowing their equity to grow as it would in conventional homeownership.