Episode Summary

In this episode of Groundbreakers, Brennor Downs and Mitchell Rice, co-founders of Haven Capital, share how they’re building a mission-driven real estate fund focused on high-quality Section 8 housing. Starting with one 4-unit deal in Little Rock, they’ve now launched a 39-unit fund and manage a growing portfolio valued at over $5 million.

The duo breaks down why they believe Section 8 is one of the most overlooked asset classes in real estate—and how they’re blending impact, scale, and strong returns from the ground up.

Key Points Discussed

• Why Section 8 Housing Is Misunderstood: Brennor and Mitchell explain how negative stereotypes around Section 8 tenants and red tape have kept many investors away—and why they see it as a competitive edge.
• Their First Deal and Scaling Strategy: From converting a single-family home into a fourplex to structuring a 39-unit fund, they walk through the details of building Haven Capital step-by-step.
• Investor Communication and Transparency: Mitchell shares how they’ve differentiated themselves by being hyper-transparent with their investor base and offering detailed updates—even on the messy parts.
• Building a Mission-Driven Business: They talk about their long-term vision for improving the quality of affordable housing in overlooked markets like Arkansas, and how they’re balancing social impact with returns.

Guest Information

• Names: Brennor Downs & Mitchell Rice
• Role: Co-Founders at Haven Capital
• LinkedIn: Brennor Downs | Mitchell Rice

Conclusion

Brennor and Mitchell’s story is a playbook for real estate operators who want to do well by doing good. If you’ve ever considered investing in—or building—a fund focused on workforce or Section 8 housing, this is a must-listen.

Connect with Brennor and Mitchell on LinkedIn to follow their journey with Haven Capital and learn more about their work in affordable housing.