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Matt Hoffman’s primary interest these days is the intersection of housing and technology. He is an active early-stage investor in companies with tech-enabled solutions that can transform the housing sector in a way that increases affordability and sustainability. And he’s also a founding partner in HEALTH+, a suite of telehealth services bringing healthcare and lower cost prescription medications to lower income residents of multifamily housing.
With over 25 years experience in the private, public, and non-profit sectors as a social and business entrepreneur, Matt has served as Vice President of Innovation for Enterprise Community Partners a national organization working to deliver capital, policy, and solutions to the affordable housing sector. In that role, he built an investment portfolio of HousingTech companies and led the launch of an online brokerage for social impact investing called ImpactUs. His previous experiences include serving as a policy advisor to the U.S. Secretary of Commerce and running a federal interagency task force on e-commerce; providing business strategy and policy consulting to high-tech and startup companies as Vice President of E-commerce at Infotech Strategies; and co-founding and running a real estate development company in Baltimore, Maryland.
Matt has served on numerous non-profit boards and currently chairs the board of Integrated Living Opportunities, which builds community for young adults with autism seeking to live independently. He is a graduate of Harvard’s Kennedy School of Government (MPP) and Brown University (BA).
There is no doubt that Matt is squarely focussed on how technology can disrupt our failing housing industry. With a shortage of 7.4 million affordable housing units today, Matt is thinking big.
Insights and Inspirations
- HousingTechVentures, where Matt is managing partner, is focused on backing companies with tech-enabled platform solutions that have the prospect of changing the housing market in a way that increases affordability. He likes companies that are tackling very challenging problems.
- We’re 7.4 million affordable housing units short of our housing needs in the US today. Over the next 10 years we’ll need to build another 4 million rental units just to keep up along with 8 million homes for sale. Ouch.
- Even if we had the funds, we won’t have the labor. Other technological solutions have to step up.
- Matt is thinking big sourcing companies like CityBldr which uses machine learning to aggregate land, or credit companies like Till – trying to solve credit issues for low income tenants.
Information and Links
- Matt chairs the board of Independent Living Opportunities, a startup that works to enable adults with intellectual disabilities to live independently.
- When Matt is not thinking about housing and tech, he’s practicing on his congas, djembe and darbuka, trying to become a better drummer! Tom Teasley, Matt’s percussion instructor, is one of those special people bringing good to the world.
- Matt hopes that his startup, HousingTech Ventures, will bring market-driven solutions to the housing market in order to increase housing availability and affordability.
Tract housing near Union, Kentucky from the air by Derek Jensen (Tysto)