Crowdfunding comes to Texas with Cedar Hill senior housingCrowdfunding comes to Texas with Cedar Hill senior housinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=5562015-06-30T13:53:00Z2015-06-30T00:00:00Z

DALLAS-FORT WORTH - Texans can join in crowdfunding with rewards and a Dallas-based firm already has multiple projects raising funds now, including a senior housing project in Cedar Hill.

MassVenture CEO Nathan Roach says the firm just launched the first ever Texas equity crowdfunding project after getting the state's blessing in February.

The company offers everyday people the chance to invest in Texas projects ranging from commercial to residential real estate, to tech startups to brick-and-mortar businesses up to $1 million. Each investor can contribute up to $5,000.

The Dallas-area effort is a senior housing project in Cedar Hill that is expected to take a three- to five-year fundraising effort. It is projected to be a long-term hold, and investors would get a preferred return payment at the end of the project sales.

There are two Central Texas projects including a hacker house in Austin — a residential project where tech people can live and work — and a set of downtown lofts being crowdfunded as part of an urban revitalization effort in San Antonio.

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