ATLANTA, GA, April 7, 2026 (EZ Newswire) -- PadSplit, the country’s largest co-living marketplace, today announced it has closed a debt financing facility with ORIX Corporation USA’s (“ORIX USA”) Growth Capital business. The new capital supports PadSplit’s social impact mission to create more affordable housing, including investments in technology and data infrastructure, and scaling its platform to serve more residents and property owners nationwide. To date, PadSplit has housed more than 75,000 people across 32,000-plus rooms in 40 U.S. markets, all without federal subsidies. The median income of PadSplit residents is $32,500.

“This financing allows us to stay laser-focused on our mission of helping to solve the affordable housing crisis one room at a time,” said Atticus LeBlanc, founder and CEO of PadSplit. “We’re seeing growing interest from cities, policymakers, and institutional partners in coliving as a scalable solution, and we’re excited to expand access to housing while continuing to innovate for both our members and property owners. We’re proud to partner with ORIX USA to accelerate that impact.”

The need for scalable housing solutions has never been more urgent. Recent data from the The State of the Nation's Housing 2025 report by Harvard University's Joint Center for Housing Studies (JCHS) reveals approximately 50% of renters today spend more than 30% of their income on rent, double the historical average of 25%. Even more concerning, about 25% of renters now spend more than half of their income on housing. At the same time, homeownership has become increasingly out of reach, with the median home price rising from approximately three times median household income historically to about five times today.

“PadSplit is addressing one of the most urgent challenges in the U.S. with a differentiated and scalable model,” said Blake Zhang, Managing Director at ORIX USA’s Growth Capital business. “The company has demonstrated strong execution and operational discipline while delivering meaningful social impact. We’re excited to partner with Atticus and the PadSplit team as they advance their mission and enter their next phase of growth.”