Awesome results! This is a snapshot of what market-based solutions look like and the future of New Story. Proud of the @NewStoryHomes team -- been working hard on this for almost two years and the results are not only encouraging but evidence of product-market fit to expand the program and scale up. Instead of depending on finding free land (not enough supply of this to match even 1% of the need/demand for vulnerable families), and heavily subsidizing, what if you deployed a market-based intervention? LAND: -As part of our Land Program, we worked with 941 vulnerable inadequately housed families to secure land ownership. Was it gifted to them? No. Families had the opportunity to become participants and pay for their land. RESULTS: - 100% repayment rate for the portfolio. Late payments (< 90 days) for 941 lots are less than 3%, and the past-due portfolio is 0%. - Increasing gender inclusion: On average, 60% of the land owners are women. By comparison, at the national level, 28.7% of landowners are women. - In September 2023, NS conducted an independent appraisal and identified that the current market value of those lots is 2.2x the price paid by families. - More demand from families and supply of land. Based on the success of this project, we have signed agreements to work with 2 municipalities on projects that will lead to a supply of 4,500 lots (~20,000 people) in 2024. IMPACT: - Families now own a generational asset they did not have before: land. - Net worths have increased. They can plan their futures. - They now have a credit history, collateral, and the opportunity to access affordable financing for their home. The next step in the story is, of course, getting their home built. The life-changing home is not given or subsidized… they are becoming customers in a housing market with a home they desire, can afford (our team was able to decrease the price by nearly 35% with a new home design), and is fairly profitable to the loan provider. More to come on how this works. Huge thanks to our supporters who believe in this model and have encouraged the team! This is a 2min video about our philosophy on market-based solutions:

@fortworthchris so good!!

RT @MichaelDell: @farhip I started a company when I was 19. It has worked out pretty well so far.

When you’re asked why others aren’t already doing what you’re doing or why it hasn’t been done before, my favorite example is thinking of Sam Walton in the early days of Walmart. “The first big lesson we learned was that there was much, much more business out there in the small towns than anybody had ever dreamed of."  – Sam Walton, Made In America Take a great simple idea and take it seriously.

New Story is excited to bring investment to El Salvador. Focused on developing infrastructure and market-based housing solutions in partnership with @misol140, who has been a wonderful Housing Minister. @nayibbukele, it’d be great to hear what kind of investments and business models would help the country in an impactful and sustainable way.

Go team! We go into underserved markets and build things. Just completed the infrastructure for a neighborhood in Central Mexico for 401 families. The families finished paying for their lots and are now landowners. Their lots have clean water, plumbing, electricity, WiFi, telecom, roads — appreciating the value of their plot and increasing net worth. All market-based offerings. We had a 100% payment rate for the portfolio and a higher than expected return on investment. With a motivated municipality and a great developer partner, there are over a thousand more locations where life-changing infrastructure and new neighborhoods can be built. More on how it works here: @NewStoryHomes 9mo ago: Today:

@jaredkushner how can we learn more about your thesis for investing in Mexico?

@delk Legends

@alexisohanian @jockowillink Finding Jocko in my early twenties truly changed my life. It gave me the mindset to be an entrepreneur. Without finding Jocko’s wisdom, it would have been so easy to get sucked into the opposite vortex, which would’ve hurt my long-term mindset and potential. “GOOD.”

@YIMBYLAND this is good.

@mikealbertus Great. Just DM’d you

@mikealbertus @PikettyWIL @FukuyamaFrancis @DAcemogluMIT @dziblatt @benwansell @BMagaloni @njtmulder Congrats on this launch. Very excited to read and have @NewStoryHomes team read. We develop land into thriving neighborhoods for underserved markets in Latin America.

Is Function Health (@function) as legit as it looks? Anyone use them personally and/or through their employer program for your team?

when I’ve been in boring stasis mode, it’s because I didn’t have growth oriented goals. This was me for about five years ages 27-32. I’d still show up consistently but did not see much growth. Which, like anything, makes it feel like an important boring task with less excitement. My last few years have been my best fitness years because I simply set good ol fashion annual/quarterly goals for measurable progress. Two years ago I had a marathon goal and that got me much more into running so now I am a better runner. Last year I was more focused on strength — specifically legs and deadlifts (which was awesome). In ‘25, I’m doing hybrid of strength + running goals. Should be the best holistic strength year I’ve ever had, building off progress from ‘24. Annual goals: - 225lb bench 16x - 800lb leg press 10x - 275lb deadlift 15x - Half marathon <7:30min pace With annual goals broken down into attainable quarterly goals, it feels less like a boring task and makes me more excited to be at the gym doing leg presses and going for the run. To unashamedly quote Tony Robbins (I love Tony), “Where focus goes, energy flows” “Progress equals happiness. Even if you’re not where you want to be yet. If you’re on the road, if you’re improving, if you’re making progress, you’re gonna love it. You’re gonna feel alive.” I think that’s very much true with high level of fitness over 10+ yrs. When I’m not progressing, I’m bored. When I’m progressing, it’s more fun and energizing.

@JTLonsdale @JTLonsdale who would you appoint to be CEO of the DFC?

RT @NewStoryHomes: @HDeSotoPeru is a world-renowned economist who has worked with 20+ presidents and advised countries on market-based sol…

@JTLonsdale @evanbaehr Joe’s article is what we talked about on Friday

@SahilBloom happy birthday man and great seeing you! 💪

@GigaBasedDad Awesome

New podcast with @cnieuwhof on playing the long game as a founder, and what's next for New Story: