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StructureThe co-op

A lender that builds houses. Owned by the people who use it.

Your deposit is your share, every member has one vote, and the promises that matter are written where a future board cannot quietly reverse them.

Join the waitlistSee the structure
  • Your depositYour share
  • Votes per memberOne
  • Reserved mattersFive
  • The protocolOwned by nobody
Written as a policySet by a board
“We never sell the land.”
Motion to sellPasses, 4 to 3

A board reverses it in an afternoon.

Policies are what a board sets, and what the next board is free to unset.

Written as a reserved matterSet in the structure
“We never sell the land.”
Motion to sellBlocked

It cannot pass without the co-op.

No matter who else joins the board. The only kind of protection that survives the people who wrote it.

01Structure

Two balance sheets that never touch.

Housing on one side: land and contributed property. Money on the other: deposits, credit and loans.

OwnsContractOwnerless
SelectedThe co-op
Owned by its membersOne member, one vote. It owns everything in the tree except the foundation.
Members hold no shares in Clear Capital Holdings. It is a separate company with its own board.Land backstops construction borrowing and never credit losses. A member’s savings never fund another member’s credit.
  • The co-op, members, one member one vote. Owns:
    • Program entity, accounts, cards, payments
    • Deed & Title Co, records, administration
    • Clear Capital Holdings, where outside investors sit. Owns:
      • Clear Lending, funds the credit book
      • Clear Properties, contributed property
    • ClearLabs, builds the protocol
  • Outside the ownership tree: Protocol foundation, ownerless, holds the source. Holds the source, and contracts ClearLabs to maintain it.
02Governance

Who decides what.

One vote each, councils where people actually live, and a third of the board delegated from them.

MembersNot by balance
One vote each.
BalanceVotes
$2401
$3,1001
$12,8001

Your deposit makes you an owner. It does not make you a bigger one.

Regional councilsPer community
Residents govern their own place.
Community 1
Community 2
Community 3

From outside it looks like an HOA. It is not one. Each council chair goes up to the board.

Delegate assemblyA fraction, not a number
One third of the board.
3 of 9 seats delegated from councils

Each community delegates its council chair. Written as a fraction so it holds at any board size.

Five reserved mattersNone pass without the co-op
  1. 01Selling land
  2. 02Diluting members
  3. 03Amending the purpose
  4. 04Replacing the manager
  5. 05Related-party deals above a threshold
03The protocol

Control is unnecessary when exit is credible.

The ledger, the credit issuers and the deed and title records run on open-source contracts held by a foundation nobody owns.

Who maintains itUnder contract
ClearLabs, and not only ClearLabs.

Paid to maintain the contracts today, and deliberately not the only party that could be.

If governance divergedA right and a capability
The co-op can fork the code.

It already funds the maintainer, so it has the capability and not just the right.

github.com/Deed3Labs/Protocol-ContractsAGPL-3.0
04Who

Small, local, and honest about it.

Built out of the Inland Empire by a very small team, starting with a handful of shops in one corridor rather than a launch.

In progressSince the design work started
2017
The credit waterfallBuiltThe entity structureDesignedThe protocolOpen source

The year the design work started, on the three pieces everything else rests on.

Why a corridorDensity over reach
Ten merchants a mile apart compound.
One corridorCompounds
The countyDoes not

Ten across the county do not. What is new is that the first product is small enough to actually ship.

We are looking for four peopleEquity-only at this stage
1A partnerships leadShops and land
1A protocol engineerThe contracts
2Advisers who know real estate and bankingBoth sides

We say equity-only in the first conversation rather than the fourth.

Get in touch