Garnaco Group of Companies

We founded our business with a clear purpose: to rebuild communities by making good quality housing affordable and accessible for working families, whilst delivering dependable cashflow and profits for the company and our private lenders. The Renter’s Trap The global financial crisis that started in 2007 left millions of families displaced, forced out of their homes and into often sub-standard rental accommodation. The devastating impact on America’s neighborhoods and communities can be felt to this day. Millions of homes have been left derelict or under-maintained. Families with no long-term housing security are unable to to put down community roots. Children are often pulled from school to school as parents move from one property to the next, and those entering retirement face a lifetime-nightmare of making rent every month with no earned income. At the same time, a combination of high rents and a lack of mortgage availability for affordable homes has kept many of these working families trapped in a perpetual cycle of housing poverty, living semi-transiently in sub-standard conditions and unable to purchase a permanent home. The Opportunity The opportunity to fulfill our purpose lies in the availability of a large volume of heavily discounted distressed real estate – especially in the affordable homes sector – combined with a mass of prospective buyers keen to purchase their own home, but unable to save deposits, or access traditional mortgage finance. By acquiring distressed properties and renovating them to a high standard, we improve the home, the street and the neighbourhood. By then helping working families to purchase our homes through our Path to Home Ownership Program, we allow people to put down community roots, access credit and most importantly take ownership and responsibility for their own future.