Questions about Tufa.

Tufa is a regulated residential appreciation fund platform. A family opens a Tufa account and funds it. When a designated buyer purchases a home, the account balance converts into shares in a Tufa fund, and the fund places an appreciation-based second lien on the home alongside a standard first mortgage. The buyer owns the home outright. The family holds fund shares.

A gift leaves the family's hands permanently and gives the family no continued participation in what the capital helped buy. With Tufa, the capital stays the family's until a purchase, held in a brokerage account the family controls. At purchase it converts into fund shares representing diversified residential exposure across many homes, rather than a stake in the one home.

A single commitment of family capital produces two results at purchase. The buyer gets a home and owns it outright. The family holds shares in a fund. The support and the investment are the same act, viewed from two sides.

A self-directed brokerage account a family funds and holds in the family’s name, invested in what the account holder chooses to own. It converts into fund shares only when a designated buyer purchases a home. More detail is on the account page.

Yes. The capital remains the family's and can be withdrawn at any time. Naming a designated buyer does not transfer it or place any claim on it.

The buyer has read-only visibility into the account. The account holder retains full control, decides what the account holds, and decides whether to proceed.

The capital stays with the family. Nothing converts unless a purchase through the structure occurs.

The buyer. The buyer qualifies independently and owns the home outright, as the sole person on title.

No. The appreciation-based second is held by the fund, not by the family. The family holds fund shares, not a claim on the home.

No. The family holds shares in the fund. The fund holds a second lien on the home as a portfolio asset. Neither is ownership of the home.

Shares in the fund, representing a pro rata interest in its portfolio of appreciation-based second liens. Not an interest in any specific home. More detail is on the fund page.

The fund is taxed as a corporation and reports income at the entity level. Members receive a Form 1099, not a Schedule K-1. The fund page has the full detail.

A management fee of 0.75% per year of net asset value, and transaction costs of up to 1.5% per loan, borne by contributing families. No carried interest, no performance fee, no preferred return. The fund page has the full detail.

There is no redemption right, and the fund is designed to be held. From time to time the fund may, at its discretion, offer to repurchase units, on at least 90 days’ notice, once a unit has passed a one-year lock-up. Such offers are not guaranteed in any year, are capped, and are subject to the Manager’s discretion. The fund page has the full detail.

Parents and other family members who want to support a designated buyer's future home purchase, and who want the capital to stay theirs and stay invested until that purchase.

Not yet. A Reg A+ Form 1-A filing is in progress and the offering is not yet qualified. Request early access to be notified.

No. The fund is taxed as a corporation and issues a Form 1099.

The capital is not given to the buyer. It funds a brokerage account the family holds, which converts into fund shares the family holds. Tax treatment depends on individual circumstances. For questions about your situation, consult a qualified tax advisor. This page does not provide tax advice.