Master Leasing

Master leasing is Functional Housing’s solution to rapidly increase affordable housing stock at a quarter of the cost and six times the speed compared to the current system.

In a master lease, Functional Housing signs a reduced-rate multi-year umbrella lease on an entire building. We then subleases the units to residents at deeply affordable rates. Master Leasing enables Functional Housing to provide quality locations with the most efficient allocation of funds.

This works because owners or developers want guaranteed income without vacancy risk: Functional Housing's multi-year umbrella lease guarantees owners monthly rent regardless of vacancy and takes the pressure of building management away as well.