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In August 2020, PadSplit raised $10 million to expand into other cities beyond Atlanta, including Houston. [15] At this time, PadSplit operated more than 1,000 housing units. [ 21 ] [ 22 ] [ 23 ] By January 2021, PadSplit operated 1,230 units through its shared housing model, without any public subsidies. [ 24 ]
Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1]