Factory_OS Raises $55 Million For Its Innovative Efforts To Solve The Bay Area Housing Crunch
November 23, 2020Factory_OS raised $55 million in a Series B funding round, led by Lafayette Square and backed by Autodesk, Citi, Facebook, Google and Morgan Stanley.
Factory_OS Joins Forces With Technology and Finance Leaders to Solve the Housing Crisis
November 20, 2020Factory_OS announced today that it has raised $55 million in Series B funding from six tech and finance industry giants—Autodesk, Citi, Facebook, Google, Morgan Stanley and round leader Lafayette Square. The investment will help Factory_OS accelerate growth and further integrate digital technologies to build multifamily housing.
It’s time to fight for the San Francisco we love, not abandon it
September 27, 2020The city of San Francisco spends at least $600,000 over seven years to build just one unit of permanent housing. By next year, in partnership with Factory OS, Mercy Housing and the Northern California Carpenters Union, Tipping Point will have completed 145 units in under three years for less than $400,000 per unit.
Sage Sauerbrey | Moonshine Inc
As soon as December of this year, an initial wave of 12-by-60-foot flatbed trucks carrying Truckee housing will roll into town. The homes, stacked like 20-ton Lego blocks, will be bound for the community’s newest housing development, Coburn Crossing, bringing…
Carpenters’ Union Embraces Factory Built Housing to Address Labor Needs in Northern California
Modular Advantage | Modular Advantage
“We don’t have a labor shortage, we have an opportunity shortage,” said Jay Bradshaw, Director of Organizing for the Northern California Carpenters Regional Council (NCCRC). Not everyone agrees that the construction industry suffers from a labor shortage. NCCRC represents 37,500…
The Future of Affordable Housing
Wired Brand Lab | Wired
In 2017, Rick Holliday, a longtime developer of affordable housing in the Bay Area, was about to retire when he got a request — Google wanted to work with him. “I was planning to just play with my grandson,” Holliday…
Factory_OS: Carpenters take aim at the housing crisis
| The Northern California Carpenter
It’s no secret there’s a critical housing shortage in California—half a million below-market and market-rate homes are needed right now in the Bay Area alone. Skyrocketing rents and home prices are pushing working families into two-hour commutes, students into their…
Prefab Apartment Buildings Stack Together Like Legos
KPIXTV | KPIXTV
A company that constructs prefabricated apartment buildings gets their inspiration from toy Legos. According to John Ramos, the finished buildings can be stacked together.
Piece by Piece, a Factory-Made Answer for a Housing Squeeze
Conor Dougherty | New York Times
VALLEJO, Calif. — California is in the middle of an affordable-housing crisis that cities across the state are struggling to solve. Rick Holliday, a longtime Bay Area real estate developer, thinks one answer lies in an old shipyard in Vallejo,…