These crowdfunding or peer-to-peer lending services were birthed from the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly expanded the ways in which sponsors raise capital for real estate acquisitions and development. The new regulation legalized the banned practice of advertising or openly soliciting private funding from interested accredited individuals and companies. Citizens with a net worth of $1,000,000, not including their personal residences, or annual income of $200,000 per individual or $300,000 per household, if filed jointly with a spouse, can become an accredited investor. Kenny Slaught discusses how the amendments opened the door to individual borrowers and lenders taking part in debt and equity financing, where loans generate income in the form of interest, without a bank serving as an intermediary. The online marketplace has created a new pathway for property owners and funders to browse current investment offerings, perform due diligence, and maintain dashboards to track how assets and financial products are doing.
Companies offering numerous online collaborations and, according to Kenny Slaught, more workflow automation are rising quickly, largely because of their ability to provide prompt access to accurate and concise data and information. New intuitive software and mobile apps, Slaught says, gives investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and locations. After only a few years in the market, crowdfunding portals have rapidly funded over 150 startups in the US, in the real estate sector. Today, nearly 7% of the U.S population is an accredited investor, and in a densely populated setting like Southern California, that number reaches 20%. Software platforms, such as CrowdEngine, RealtyShares, CrowdForce, among others, make it plausible to legally raise money from the general public, with some going as far as attracting 90% of equity needs through these community contributions.
Amidst the rising use and overarching contribution of modern technologies across human life and activities, California-based entrepreneur and philanthropist, Kenny Slaught, appreciates the value of groundbreaking innovations in real estate. He discusses technological advances which have brought America’s property industry into the modern age, making the sector both more efficient and profitable. For the public, Slaught further highlights the role of technologies in the housing industry via his blog at KennySlaught.com.
Kenny Slaught discusses that the Grand Challenges Explorations (GCE) funds individuals worldwide to explore ideas that can break the mold in how the humanity approaches persistent global health and development challenges. GCE is a $100 million initiative funded by the Bill & Melinda Gates Foundation and was launched in 2008. More than 1,186 projects in over 61 countries have received GCE grants. Anyone from any organization can apply for the GCE grant program. The quick two-page online application requires no preliminary data. Initial grants of $100,000 are awarded two times a year. Successful applicants will have the ability to receive a follow-on grant of up to $1 million.
As humanity recognizes the role of research and advancement in improving global health care and human wellbeing, renowned California entrepreneur and philanthropist, Kenny Slaught, acknowledges the importance of scientific innovations in addressing global development needs. Having taken a degree in business and economics from the University of California, Santa Barbara, he has been on the UCSB Foundation Board of Trustees since 1996. Slaught recently honored the University via his blog at KennySlaught.com, as the notable institution was announced the Grand Challenges Explorations grant winner in May.
The Santa Barbara Bowl Foundation in 2015 supported the Girls Rock Santa Barbara initiative. Believing that music is a means to empower young women, Kenny Slaught understands this organization creates a supportive environment that fosters the development of self-confidence and creativity in youth. As part of the program, girls receive music lessons, engage in workshops, and perform live. They are encouraged to challenge typical gender stereotypes, collaborate amongst themselves, and learn tolerance. As such, Girls Rock Santa Barbara represents the Santa Barbara Bowl Foundation’s emphasis on keeping music and the arts accessible to all.
The Santa Barbara Bowl, the area’s large outdoor music venue, is working to make the arts available to the larger community via a number of education outreach initiatives. The foundation funds programs that help around 20,000 students each year through non-profit arts programs, individual artists, and local schools. Long-time supporter of community philanthropy, Santa Barbara-based property developer and investor, Kenny Slaught furthers these programs via his blog at KennySlaught.com.
Hospice of Santa Barbara provides a wide range of services to benefit individuals facing terminal and chronic illness, as well as their families. Several of the programs at the Hospice focus on the needs of children dealing with the impending or recent passing of a loved one. Explains Kenny Slaught, about one in five children experience the death of a loved one prior to turning 18, and one in 20 children faces the loss of one or both parents prior to reaching adulthood. Hospice of Santa Barbara seeks to provide people in this situation with free counseling through numerous paths, aiding individuals in coping with grief to avoid or mitigate depression, anxiety, or post-traumatic stress disorder (PTSD).
Kenny Slaught explains that Hospice of Santa Barbara provides a compassionate care services both to individuals facing terminal and chronic illness, as well as their loved ones. Many of the programs at the organization are directed at the needs of children as they struggle with the impending or recent death of a close family member. About 20 percent of children experience the passing of a loved one before they turn 18, and one in 20 children must face the loss of one or both parents during their childhood. Hospice of Santa Barbara provides individuals in these situations with free support programs to help them cope with grief to avoid or mediate depression, anxiety, and post-traumatic stress disorder (PTSD).
Hospice of Santa Barbara provides a wide range of support not just to individuals facing terminal and chronic illness, but to their families as well. Many of the Hospice’s programs focus on the needs of children as they work through the impending or recent passing of a loved one. About 20 percent of children under 18 experience the death of a loved one, and one in 20 children must handle the loss of one or both parents before they reach adulthood. Kenny Slaught notes that Hospice of Santa Barbara endeavors to provide families and individuals in these situations with free mentorship through numerous programs, helping individuals cope with grief to avoid or reduce depression, anxiety, and post-traumatic stress disorder (PTSD).