EDGEWATER, Md., May 23, 2024
/PRNewswire/ -- The Middle Class United Cooperative (MCU), a
revolutionary new real estate cooperative, has made a remarkable
entrance, raising over $2 million and
attracting 5,000 members within the first 24 hours of its launch.
In just two weeks, MCU's growth has surged to over $3.3 million with more than 6,500 members,
highlighting the immense demand by Americans for affordable housing
solutions.
MCU, a grassroots real estate co-op
founded by everyday Americans, raised $3.3M in under two weeks.
Founded by Joe Redden, a former
Army veteran and TikTok influencer known as OlderMillenial,
MCU aims to address the housing affordability crisis faced by the
middle class. With a democratic model that gives each member equal
voting rights, MCU emphasizes community, transparency, and social
responsibility. The cooperative redistributes surplus profits to
charitable causes, reinforcing its commitment to societal
impact.
To ensure fairness and equal participation, MCU's first round of
membership is capped at 40,000 members. Each member can invest a
minimum and maximum of $500,
guaranteeing that every member has equal influence in voting for
investments and non-profit charitable activities.
"I want to be part of a unifying movement that shows the elites
we are not helpless, and we still have the will to fight on the
battlefield of money," said Nicholas
Alexander, MCU member, and United States Army Veteran.
Joe Redden, who has amassed over
a million followers on TikTok in under ten months, leverages his
platform to advocate for financial stability for middle-class
families. "MCU's early success is a testament to the power of
community-driven initiatives and innovative solutions in tackling
pressing social issues. We are thrilled with the overwhelming
support and rapid growth of MCU," said Joe
Redden. "Our rapid growth shows the power of community and
the urgent need for affordable housing. MCU is here to redefine
what's possible for the middle class. We're creating more than just
affordable housing; we're creating a future where the middle class
has a voice and a stake in their own success."
Members are joining the MCU in droves to be a part of this
unique movement for the middle class. "So much of life seems out of
my control these days. The world progresses with the wants and
desires of the elite while leaving the majority left out and
displeased with the results of their decisions. That's why I
joined. To feel like my voice and actions have an effect in a
positive way on the world. One that will help those like me and not
just the few like them. I'd rather be a part of something with
action than passively complain," says member Cory Green.
For more information or to join the cooperative, visit
www.mcucoop.com.
For media inquiries, interviews, or further information,
please contact:
Jeremy Powell
Jeremy@MCUCoop.com
1-228-355-4958
Chief Operating Officer at The Middle Class United Cooperative
About The Middle Class United Cooperative (MCU):
The Middle Class United Cooperative (MCU) is dedicated to
empowering the middle class by enabling collective organization,
financing, purchasing, occupying, and managing real estate
properties and assets. Our not-for-profit cooperative removes these
assets from the speculative market, transforming them into
cooperative member-controlled entities. Our mission focuses on
facilitating a shift from extractive profit and rent-seeking
practices towards making homeownership affordable and achievable
for members of the American middle class.
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SOURCE Middle Class United Cooperative Inc