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Evo Fund — Call For Partners

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  A 2019 report has shown that while Hispanic homeownership is on the rise, the black homeownership rate has fallen 8.6 percent. Therefore, it is clear that black homeownership suffers from the affordable housing crisis. Nevertheless, where did the rain start beating us?   Problem Statement According to research , the black homeownership crisis dates back to the 1960s. Those were the years when significant racial disparities started becoming evident in the incidence of subprime lending.   Therefore, lenders issued loans to Black Americans on unfavorable terms. Further, the economic downturn has affected black homeownership more than white homeownership.   Racial disparities in wealth are currently at their most expansive levels in decades. During the crucial 2009 to 2011 recovery period, black and white families had different experiences.   During that period, the white wealth levels began showing signs of recovery. However, during the same period, black households c
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  One Atlanta couple is giving back by opening Evopia, a new nonprofit in southwest Fulton County to help the community in a variety of ways. Majesty and Elize Gayle, who have been successful with their real estate company, INTL Realty Partners, which cleared more than $1.5 million in revenue in its first year of business, opened Evopia’s headquarters on Oct. 1. Located at 4525 Fulton Industrial Blvd. SW in Atlanta, Evopia is a membership social media platform and nonprofit. It has over 3,000 members and focuses on eliminating homelessness in the United States. In March the Gayles launched a $100 million fund to improve distressed areas by eliminating vacant properties and creating affordable housing solutions. According to a news release, Gayles plan to accomplish their mission by “leveraging real estate’s power to globally protect Black people’s economic, health and political interest.” Evopia focuses on pooling the resources within the Black community to benefit the entire African d

The Devastating Effects Of Racial Wealth Gap — Evo Fund Will Improve the Livelihood of Black Communities

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  As the United States rapidly become both a more diverse and unequal nation, research indicates that racial disparities in wealth are currently at the widest level.  The racial wealth gap is visible in terms of dollar-to-dollar wage and wealth comparisons.   A report by Brookings University examining the black-white wealth gap shows that the net worth of a typical white family is nearly ten times greater than that of black families. In addition, while 73 percent of white households owned their homes in 2011, only 45 percent of blacks were homeowners. The starkest divides in household wealth reflect centuries of white privilege making it difficult for black communities to achieve economic security. Essentially, the widening racial wealth gaps in the United States have coincided with the extreme concentration of wealth among the whites. What Brought About the Racial Wealth Gap? The racial wealth gap shows the effects of accumulated inequality and discrimination in mortgage len

Atlanta’s Majesty and Elize Launch $100M Affordable Housing Initiative Amidst COVID-19 Pandemic

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  Atlanta, GA—Atlanta ’ s population is rapidly growing, but the new housing initiatives are fixated on higher-cost demand. The Metro Atlanta home prices amplified by 4.5% from 2019 to 2020, leaving some underprivileged families with grave concerns related to affordable housing. The recent pandemonium brought about by COVID-19 has worked to aggravate the situation even further. Unlike the financial and housing crises that become the Great Recession, the coronavirus epidemic has unfolded quickly. Will the recovery come as quickly? Probably not. While the outbreak has been detrimental to all the municipalities in the United States, in metropolises like Atlanta with already existing affordable needs, the impact has been notably devastating. How will the situation be post-pandemic? Early reports indicate that Atlanta will continue to face challenges in the affordable housing movement. Amidst all the chaos caused by the pandemic, Atlanta has beheld unlikely real estate champions—Majes

Majesty and Elize are breaking barriers and building communities

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  “Businesses do not run on profits, they run on reputation” as the famous saying goes. Following it, Majesty and Elize, an African American millennial entrepreneur duo, is reinventing the soul of real estate property by incorporating their unique ideas and breaking barriers in order to bring in vogue a culture adorned with affordable housing options. This duo dipped their toes in the real estate industry in 2017, and in just three years, they have successfully managed to gain the reputation of a company that builds communities, not just profits.   Majesty and Elize learned the ropes of the real estate world in a short period of time. The idea of bringing a sustainable change to the community with their work appealed to them. Majesty and Elize, in order to bring their idea to life, invested in 4 correlating companies with separate functions of their own, summing up to bring the cause a full circle. What started out as an exciting venture for Majesty and Elize, when they founded IRP

Majesty and Elize are making housing affordable for the most at-risk during the Pandemic

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  The recent pandemic, and soul-crushing recession has affected almost all businesses worldwide, leading many of them to shut down. The entire human race has been affected in some way or another, and many are struggling to make ends meet. However, Majesty and Elize, an African American entrepreneur duo, are gliding through such hard times by following their instincts.   Majesty and Elize shifted their focus from simply generating profits to creating value for their work. The couple has gained attention in the United States as they’ve been working towards uplifting less fortunate and disadvantaged individuals for several years. In such challenging conditions, Majesty and Elize are working to help those who are unable to help themselves. With the help of their non-profit organization EVO PIA, they collaborate with government bodies and institutions to raise funds in order to support these people and provide them with basic necessities. Without a doubt, they will continue to do it po

Couple Injects $100 Million into Distressed Areas to Solve Affordable Housing Crisis

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  Majesty and Elize are the founders of EVO Fund; an ESG Fund and private equity firm that develops affordable housing. They are currently injecting capital into distressed areas to purchase run-down, vacant properties and transform them into affordable housing.    10/5/2020, Atlanta, GA   EVO Haven is their residential, commercial and property development affordable housing solution. EVO HAVEN aims to end the global housing crisis by developing sustainable property using recycled materials and green energy sources.   Majesty and Elize are seeking partners to assist with United Nations Sustainable Development Goal 2030: Sustainable Cities and Communities. They are positioned to partner with institutions looking for opportunities with ESG Funds and have initiatives that directly support the UN's Sustainable Development Goals.    The couple provides green, socially conscious real estate projects in metropolitan communities and rural environments. They also provide lif