When it comes to ever-present blue skies and powerful tax incentives, Florida seems to have the winning combination for the legions of families moving to the State. But unfortunately, the Sunshine State is not sunshine for all.
According to a recent report, Florida gained 319,000 people through migration in 2022. Unfortunately, the building pace isn’t keeping up with the number of people deciding to call Florida home. Housing starts declined 4.5% in January 2023, and given the months it takes from start to finish, there will be a lag in the number of homes available for some time.
At the same time the shortage is escalating, housing rental prices have skyrocketed. While the state government is attempting to address affordable housing issues for the lowest wage earners, simply making the rent has become even more important for those hard-working families who pay their way and are facing increasing financial pressure just to afford a place to live. It has been referred to by RB Advisors as a “living nightmare” as renters with good jobs struggle to afford rising prices.
While the situation continues to spiral, one small company has been taking big steps that could have a massive impact on the market. Cuentas, Inc (NASDAQ:CUEN) a company that has been in the business of creating novel fin tech solutions for the underbanked and underserved, has moved into construction tech, launching Cuentas Casa, partnering to bring an innovative new technology to the US that is changing the way apartment complexes are designed and built and may change the future of housing.
Using High Tech Construction and Robot Supply Lines Help To Create Entire Sustainable, Affordable Communities
Cuentas (NASDAQ:CUEN) is bringing financial and lifestyle solutions to the underbanked and underserved, and has attacked the Florida Housing Crisis head on, with the Company’s recently launched division, Cuentas Casa.
Cuentas is looking to solve the rental housing crisis from the ground up, and that solution means utilizing new technologies to create entirely new types of rental communities, in the process reducing construction time and cost, and passing those savings on to the renter. The company also believes that affordable rental properties are critical to the development of the entire housing ecosystem, and that these properties should offer their tenants supportive lifestyle alternatives at a fair and affordable price.
The Cuentas Casa solution starts with innovative technology. To this end, Cuentas has partnered with RENCO, whose patented sustainable building technology has been proven in some of the most challenging regions in the world. RENCO’s sustainable building blocks are created in a robotic factory then assembled on site to create sustainable, interlocking, fiber reinforced, composite building blocks that can be connected in a variety of designs by semi-skilled labor on site. Cuentas inked a 10-year supply deal with RENCO and has brought in sophisticated development partners to bring its dream of affordable, sustainable communities to life.
Cuentas Casa is an alternative to traditional government supported solutions, focusing on providing real value and meaningful community to the hard-working, rapidly growing segment of the population who are being left out of the American Dream. To bring its Cuentas Casa focus to life, management has partnered with respected developers to acquire and develop select properties across some of the hardest hit areas in Florida.
And Cuentas has put its money where its mouth is, moving quickly to co-develop and deploy its Cuentas Casa developments. In addition to its pilot project, now nearing completion in Lakewood Village Florida, just north of Palm Beach, Cuentas is targeting properties for development across Florida, including the Company’s recently announced sustainable community development initiatives in Tampa (360 units) and Ocala (400 units). The introduction of these new initiatives is expected to further expand the company’s impact, aiming to reach approximately 1,500 apartments in total before the end of the year, with more to come in 2024.
Cuentas’ commitment to providing sustainable and affordable communities demonstrates the company’s dedication to addressing the pressing needs of what the company refers to as the underserved… individuals and families who have been left out of the traditional market.
In addition to the construction tech secured by Cuentas, these properties come with all the necessary permits and entitlements, providing a competitive advantage for rapid development, cost reduction, and expedited time to market.
Cuentas’ goal with Cuentas Casa, is to make housing more beautiful, more sustainable, and more cost efficient. Through its process, not only has time to market been dramatically reduced, but savings in core construction has been estimated to be reduced by as much as 30%.
Cuentas wants to pass this savings on to the renter, giving Florida renters truly affordable, sustainable, communities where they can prosper and contribute. And then, in true Cuentas style, from Florida… to the world.
Please visit here for additional information on Cuentas, Inc. (NASDAQ:CUEN).
Featured Image @ Cuentas Casa
Disclaimer
1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Cuentas Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Cuentas Inc.’s industry; (b) market opportunity; (c) Cuentas Inc.’s business plans and strategies; (d) services that Cuentas Inc. intends to offer; (e) Cuentas Inc.’s milestone projections and targets; (f) Cuentas Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Cuentas Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Cuentas Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Cuentas Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Cuentas Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Cuentas Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Cuentas Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Cuentas Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Cuentas Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Cuentas Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Cuentas Inc.’s business operations (e) Cuentas Inc. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Cuentas Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Cuentas Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Cuentas Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Cuentas Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Cuentas Inc. or such entities and are not necessarily indicative of future performance of Cuentas Inc. or such entities.
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