Core Insights - BOXABL Inc. is advancing its modular housing solutions through new contracts with Innovate ADU, including a 51-unit agreement with Grace Bible Church-Rialto and a 20-unit contract with Gateway Christian, highlighting its focus on faith-based development projects [1][2] Company Developments - The total value of BOXABL's closed contracts in the faith-based vertical has reached approximately $7 million for 122 units this year, with significant projects like the Caritas Casitas in Oklahoma City expected to provide affordable housing by October 2025 [2][3] - BOXABL's 361-square-foot Casita units are designed to transform underutilized land into housing communities, addressing the needs of vulnerable populations and enhancing property values for faith-based organizations [3][4] Industry Context - California's SB4 legislation is pivotal, unlocking 171,000 acres of faith-owned land that could support between 342,000 to 500,000 affordable housing units, indicating a substantial market opportunity for BOXABL and similar companies [4] - The Yes In God's Backyard (YIGBY) movement, along with favorable regulations in other states, is expected to further facilitate the development of affordable housing through faith-based organizations [4][5] Marketing and Outreach - BOXABL is launching a nationwide marketing campaign aimed at engaging more faith-based organizations and nonprofits, particularly in states with YIGBY policies, to explore collaboration opportunities [5][6] Financial Position - BOXABL has raised over $230 million from more than 50,000 investors and is preparing for a public listing through a merger with FG Merger II Corp., which will enhance its financial capacity to address the global housing crisis [6]
BOXABL Announces New Contracts: 51-Unit Deal With Grace Bible Church-Rialto and 20-Unit Contract With Gateway Christian via Innovate ADU, Strengthening Its Market Penetration With Faith-Based Organizations Amid Growing YIGBY Movement