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SG Blocks announced its subsidiary SG Residential has entered into a strategic relationship with Capital Plus Financial, or CPF, one of the nation's largest Community Development Financial Institutions, or CDFI, and a subsidiary of Crossroads Systems to provide affordable housing aimed at low- to moderate-income areas across the country and Puerto Rico. The companies will focus on the sale and financing of single-family container-based modular homes by focusing on delivering sustainable housing to some of the most vulnerable areas and underserved borrowers. The first project is anticipated to be an approximately 50-unit development in Puerto Rico where the container homes will be finished out and installed by local developers, bringing much-needed affordable and resilient housing and generating new jobs on the island. Additionally, the project could be the test case for a 50-year mortgage product which will expand opportunities for greater homeownership by delivering a mortgage payment on a level with a typical car payment. The companies hope that this will not only aid in CPF's Puerto Rico initiatives but also provide a proof of concept of an innovative mortgage solution designed for these 80 year+ home assets. The sustainability and resiliency of the home is critically important for areas exposed to the threat of natural disasters. SG Blocks will be the exclusive supplier of modular homes and CPF will provide long-term fixed-rate financing to qualified borrowers. As a certified CDFI and certified B Corp, CPF supports its communities by providing affordable housing and a long-term mortgage to borrowers, often whom have never had credit and are first time home buyers, often ostracized from the conventional mortgage market. CPF's team has over two decades of giving thousands of families the opportunity to own their own home.

SG Blocks announced it has established a strategic partnership with Sequential Modular Partners. The new minority-owned and managed company will deliver integrated modular solutions to Fortune 500 companies, local, state and federal agencies and the U.S. military. SG Blocks will be the exclusive product supplier to Sequential, which will be based in Dallas, Texas. The majority partners of the joint venture are Wayne Lawrence, Tim Brown and Pinnacle Design Group. SG Blocks will have a minority interest in the company. Lawrence is CEO of Sequential Modular Partners and has over 30 years of experience in the modular construction sector. He has built an enviable track record of customer relationships during his career. Brown, NFL Hall of Famer and Heisman Trophy winner, has agreed to join the Sequential team and will work closely with Wayne in establishing quality client relationships all over the country. Pinnacle Design Group, located in Norman, Oklahoma, has over 25 years of specialized multi-disciplined design/build experience in government contracting, multi-family, hospitality, commercial and sustainable projects.

SG Blocks expands its partnership with the U.S. Navy and receives a new purchase order to design and construct container-based modular offices representing an estimated revenue opportunity of $500,000 in 2018. The modules will be prefabricated offsite and delivered to the Georgia location by the end of 2018.

SG Blocks has been selected to design and construct new container-based office facilities for the U.S. Navy, representing an estimated revenue opportunity of $2.2M in 2018. The office modules, will be prefabricated and delivered by the end of the year and the Navy will utilize the facilities at various locations in Portsmouth, Virginia both ashore and afloat.

Hillair Capital reports 15.1% passive stake in SG Blocks