Cities are rezoning
Cities like Seattle are re-zoning single family land for greater density. These changes transform neighborhoods, and historically benefit developers rather than homeowners and their local communities.
6,723 Single family homes now zoned as multi-family

Our Principles

1
Co-Develop
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.

2
Design for Community
Thoughtfully designed indoor and outdoor common spaces in our projects encourage relationships between neighbors and allow for less isolated living.
Our projects accomodate 6-10 homes, as well as a common house that includes dining space, a kitchen and a guest suite. We believe in building homes and not just housing, where sharing more leads to a higher quality of life. We beleive co-housing works best when we are not forced to be with others, but are given opportunities to do so when we feel like it.

3
Allow Community to Invest
Nearly a quarter of all capital in a Frolic project comes from a Community Investment Pool (CIP), where we invite any investor – accredited or not – to invest in local real estate. This allows people in the community to build personal wealth while helping finance a local housing project.

4
Balance long-term affordability with wealth generation
Our co-operative financing model allows us to price our units at a fifth of their market value. This keeps downpayments low, and allows generational renters to buy their first home.
In addition to the mortgage on their unit, residents pay a monthly co-op fee. This fee covers utilities, improvements, shared expenses and maintenance of the homes, and decreases as the project’s debt gets paid down.