MISSION
Modern Residences
for a Revived Los Angeles
Modern Residences proposes to build unique, fire-safe and modern-design homes, to quickly solve the humanitarian problem suffered by the fire victims in Los Angeles. Modern Residences can quickly build customized and unique beautiful houses, using a proprietary system of precast concrete walls, ceiling and roofing, which could be formed and assembled on-site to expedite the overall construction process, allowing families to move in ASAP!
Situation: Social and Financial Impact
AS SUFFERED BY FAMILIES, BUSINESS OWNERS AND CITIZENS IN GENERAL
Economic & Social Fallout
Community-wide Economic Instability and Social Unrest, leading to serious issues, if the problem is not resolved quickly, increasing pressure on local government resources and support systems, which could lead to social distress!
Insurance Coverage Gaps
Possible Gaps in Insurance Payouts, falling short of covering full rebuilding costs. Many homeowners may not even have insurance, and the rebuild value of older wooden structures may be minimal!
Lost Home Equity
Loss of Accumulated Home Equity, which affects the overall local economy and future investments.
Dual Financial Burden
Need to maintain ongoing mortgage payments, while not having a real estate property to live in, requiring additional funds to cover rental costs during rebuild period.
Financial & Credit Risk
Impact on Credit and Financial Stability, trying to stressfully manage to keep up with Mortgage, Rent, insufficient Insurance and taxes payments, eventually leading to Foreclosures!
Rebuild Delays & Challenges
Long and Complex Process to rebuild following the traditional way (architect, permits, GCs, etc.), being “crazy” to even consider wood construction again!
Situation: Social and Financial Impact
AS SUFFERED BY THE CITY, COUNTY AND GOVERNMENT IN GENERAL
Declining Tax Revenue
Loss of Tax Revenue due Property Tax Decline and Sales Tax reduction due to Business closures or relocations.
Persistent Revenue Loss
Long-Term Revenue Erosion: Lower property values and reduced investment in affected neighborhoods can lead to persistent revenue shortfalls.
Emergency Response Costs
Increased Municipal Expenditures due to higher spending on firefighting due to non-fire-resistant construction standards (ie, wood), additional emergency services, and immediate disaster relief.
04
Law Enforcement Expenses
Increased Spending on law enforcement, riot control, and community safety to manage potential civil unrest.
05
Social Support Burden
Additional Costs for Temporary housing, healthcare, and social services to support displaced residents.
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Economic Ripple Effects
Minimal Local Economic Activity can have huge ripple effects that further depress city revenue and economic growth.
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Government Trust Erosion
Unhappy Citizens will Lose Trust in their current government, with clear impact on upcoming re-elections.
Our Solution
Fast, Safe, and Hassle-Free Modern Construction
Modern Residences LLC revolutionizes home and business building with precast concrete structures, enabling first-floor assembly in a day and full completion of the building shell in just a week. Our turnkey models, with pre-approved blueprints and engineering systems, provide a robust and fast solution for homeowners affected by the fires.