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SG Blocks announced it has formed a strategic alliance with Harrison, Walker and Harper, or HWH, an engineering, contracting and industrial services firm. HWH will be SG Blocks' preferred partner to perform all the site work and installation of projects across the U.S. This includes single-family container-based modular homes that will be built through its subsidiary SG Residential. HWH will also provide up to $100M in bonding capacity for projects that give both companies a significant competitive advantage.

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.