About the offering
Colin Holdings Corp (CHC) was incorporated in State of FL as a C corp in 6/2016. CHC plans to purchase and renovate housing units in FL to rent to qualified Section-8 (S-8) tenants and others. The demand for S-8 housing in FL is strong and a typical waiting period is a year. CHC fills the void in the rental market by providing apartments for S-8 tenants. It is known that S-8 tenants are less likely to move once they find a rental. Property owners receive S-8 related vouchers directly from the government, not the tenants, which reduces delinquency and ensures income. CHC has been negotiating to buy housing units in Jacksonville, FL. The price for 5 housing units is $69k, which will be covered by the fund raised at the target level. If additional funds are raised, CHC will buy a building with 136 units at $3 million with a down payment of $600k. If the building becomes unavailable, CHC will buy other housing units or buildings and become a major player in the S-8 market.
FAQ
How much has Colin Holdings raised?
Colin Holdings has raised $10 of a $1M goal.
Where is Colin Holdings's campaign listed?
The offering is listed on UFP, LLC, an SEC-registered Reg CF intermediary.
What are the terms of Colin Holdings's raise?
Common Stock, $5M cap, $0.05/share.
When does Colin Holdings's offering close?
The stated close date is Nov 30, 2016.