NEWSENATE BILLS UPDATE ZONING RULES

    Congress just told towns to cut the red tape on new homes.

    • New 2026 legislation gives towns $200M to cut zoning red tape.
    • 10% preferred return paid monthly, a +2% founding bonus for early commitments, plus the kicker.
    • Proprietary data shows us where growth is heading, so we know where to invest.
    • Contingency-based investing: we control each project before committing serious capital.
    • Led by developers with 48+ completed subdivisions and 0 investor defaults.

    SHEPHERD FUND 1

    Now accepting commitments

    Preferred return, paid monthly
    10%
    Founding bonus
    +2%
    Plus the kicker at the end
    est. ~3%
    Minimum
    $25,000
    Target fund size
    $50 million

    No obligation.

    30+
    years developing land
    48+
    completed subdivisions
    100%
    entitlement record
    0
    investor defaults, including 2008

    These figures reflect projects completed by Fidelis First's principals over the last 30 years through other entities, and not through Fidelis First or this fund. Past results do not guarantee future results.

    Our story

    Three decades of turning raw land into neighborhoods.

    We've built more than 48 subdivisions and have never lost an investor's money, even in 2008. Below, you can see why we're building this fund.

    Drone photo of the Heron Meadows Dr subdivision

    Income calculator

    You invest what you want. You get paid monthly.

    $100,000

    10% a year, paid to you every month. Commit early and get a +2% founding bonus. The kicker comes on top at the end.

    You get

    $833

    per month

    Monthly payments over 3 years (10%)
    $30,000
    +2% founding bonus, if you commit early
    $6,000
    Plus the kicker (est. ~3% a year, at the end)
    ~$9,000
    What you get back
    $145,000
    First payment if you fund today
    January 1, 2027

    “What you get back” includes your $100,000. The kicker is an estimate and depends on project profits. Targets, not guarantees.

    Track record

    Finished lots, sold to the country's biggest builders.

    Drone photo of the Ethan Ln subdivision
    Ethan LnCompleted
    Drone photo of the Helen's Way subdivision
    Helen's WayCompleted
    Drone photo of the Ethan Ln, St. Helens subdivision
    Ethan Ln, St. HelensCompleted
    Drone photo of the SE Icenogle Loop subdivision
    SE Icenogle LoopCompleted
    Drone photo of the Heron Meadows Dr subdivision
    Heron Meadows DrCompleted
    Drone photo of the SE 9th St subdivision
    SE 9th StCompleted
    Drone photo of the NE 14 St subdivision
    NE 14 StCompleted
    Drone photo of the Jakobi St subdivision
    Jakobi StCompleted
    Drone photo of the Isabela Ln subdivision
    Isabela LnCompleted
    Drone photo of the Royal Drive subdivision
    Royal DriveCompleted
    Drone photo of the SE Tussing Way subdivision
    SE Tussing WayCompleted
    Drone photo of the Jaden Dr subdivision
    Jaden DrCompleted
    Drone photo of the Charming Way subdivision
    Charming WayCompleted
    Drone photo of the Iris Way subdivision
    Iris WayCompleted
    Drone photo of the NE Raenna Lane subdivision
    NE Raenna LaneCompleted
    Drone photo of the NE 1st St subdivision
    NE 1st StCompleted
    Drone photo of the NE Egret Lane subdivision
    NE Egret LaneCompleted
    Drone photo of the NW Manor Dr subdivision
    NW Manor DrCompleted
    Drone photo of the Ava Ct subdivision
    Ava CtCompleted
    Drone photo of the Columbia Blvd subdivision
    Columbia BlvdCompleted
    Drone photo of the Truman Ln subdivision
    Truman LnCompleted
    Drone photo of the S 8th St subdivision
    S 8th StCompleted
    Drone photo of the NE Kale St subdivision
    NE Kale StCompleted
    Drone photo of the Ha Ln subdivision
    Ha LnCompleted
    Drone photo of the Kimmell Lane subdivision
    Kimmell LaneCompleted
    Drone photo of the Mikayla Lane subdivision
    Mikayla LaneCompleted
    LOTS SOLD TOLennarD.R. HortonDavid Weekley HomesDavis Constructionand others

    Current projects

    Protected on the downside. Open on the upside.

    Three projects already underway. Each one is set up using the same investment process to mitigate risks.

    Representative image

    JP West

    In progress

    A house with more land than it needs. We're renovating the home and splitting the extra land into new lots.

    THE SAFETY NET

    The renovated house alone covers what we paid for the whole property.

    THE UPSIDE

    Every lot we split off is profit on top.

    Representative image

    The Treetop Place

    In progress

    One house with extra acreage. We're shifting the house to the side and adding a road in back to open up several new lots.

    THE SAFETY NET

    The city has already granted initial approval. We're finalizing the design details now.

    THE UPSIDE

    Splitting one property into several approved lots multiplies what the land is worth.

    Representative image

    Evergreen Trails

    In progress

    15 acres of open land next to an established neighborhood, becoming a new subdivision.

    THE SAFETY NET

    We only buy each lot once it's approved. If a lot isn't approved, we don't pay for it.

    THE UPSIDE

    We're talking with builders about pre-selling the lots, so buyers are ready when approvals land.

    Want to hear more about these projects? Our team will walk you through them.

    Book a call with our team

    The opportunity

    America is 4 to 10 million homes short.

    10M
    homes short, according to the White House Council of Economic Advisers (April 2026)
    Source: PBS / AP ↗
    4.03M
    homes short at the end of 2025, by Realtor.com's count
    Source: Realtor.com via National Mortgage News ↗
    82% vs 12%
    how much home prices have risen since 2000, versus incomes
    Source: White House CEA, via PBS / AP ↗
    $200M
    in federal grants for towns that cut zoning red tape
    Source: ROAD to Housing Act, via HousingWire ↗

    Our vision

    The American dream is still alive. Someone has to build it.

    We believe every family in America deserves a home. Investing with us puts your money behind the homes this country needs.

    The fund thesis

    Control the project. Make it worth more. Sell it or build it.

    The Diversified Income Fund (Shepherd Fund 1) spreads your money across several projects. We usually tie each one up under contract first, then follow the same 8-step process every time.

    Our 8-step investment process

    1. 01Find a growing market
    2. 02Analyze the zoning code
    3. 03Find deals and run the numbers
    4. 04Create a preliminary plan with the city
    5. 05Control the property
    6. 06Finish the entitlements
    7. 07Sell the project or build it
    8. 08Exit and redeploy capital

    You get paid monthly. We also send updates every month, and you have a dedicated rep if you have any questions.

    Fund terms

    Preferred return
    10% a year, paid monthly
    Founding bonus
    +2% for early commitments
    Kicker
    est. ~3% a year, at the end
    Minimum
    $25,000
    Term
    3 years
    Target fund size
    $50 million
    Offering
    Rule 506(c), accredited only

    Our competitive advantages

    We know the deal works before we buy it.

    01

    Contingency-based investing

    We control projects with contracts that let us walk away if something fails a check we can't fix, so less money is at risk while approvals move forward.

    02

    Entitlement expertise

    A 100% entitlement record. We read the code and work with planning offices before we make an offer, which is where most of the value is created.

    03

    Proprietary data

    We track prices, permits, jobs, migration and fund raises across the country, so we see where growth is heading before we get there.

    A project's life

    From new project to returned capital.

    Sometimes it's raw land. Sometimes it's a single house we take down to build 20 homes. Either way, the path is the same.

    1. 01

      Find the market

      Towns in the path of growth, where jobs and people are heading.

    2. 02

      Understand the zoning

      Learn exactly how many homes the rules allow on a property.

    3. 03

      Find and control the deal

      Land or a house with more potential, tied up under contract.

    4. 04

      Get it approved

      Work with the city until the new lots or units are legally approved.

    5. 05

      Sell or build, then redeploy

      Sell to a builder or build it ourselves, return capital, and start the next one.

    From our current investors

    In their words.

    “The investment process is so easy. I roll all my distributions back into the fund. Getting updates is simple, and I always stay in the loop.”
    — Vincent
    “Investing in the fund beats all my other retirement accounts, and it's a lot easier than doing these projects myself. I wish I'd known about this sooner.”
    — Nhat
    “Working with you guys is so easy. I was watching one of your updates and my dad asked if he can join the next one. I've recommended this to all my friends. It's been great.”
    — Shelby

    Shepherd Fund 1 is open

    Let us know you're interested.

    By submitting interest, you let us know you may want to invest. From there, we'll set up a call to go over the details. There's no obligation.

    Book a call

    Perks and experience

    A bonus on your return, and a little something to wear.

    Every investor gets:

    +2% founding bonus

    An extra 2% a year on top of your 10% when you commit early.

    Monthly project updates

    Progress updates on every project, each month.

    Custom merch

    A Fidelis First hat and quarter-zip.

    Dedicated investor rep

    One person who knows your account and answers your questions.

    Bonus terms are set in the PPM.

    How investing works

    Four steps to monthly income.

    1. 1

      Book a call

      Talk with our team. Or, if you just want to show interest, press "Submit interest."

    2. 2

      Review and verify

      Read the PPM and verify that you're an accredited investor.

    3. 3

      Fund your investment

      Sign the subscription documents and fund.

    4. 4

      Get paid

      Monthly payments start the 1st of the month after your first 30 days.

    Fidelis First

    Book a call with our team

    • Video or phone call
    • We'll walk you through the fund, the projects and the PPM.
    • 503.310.7921
    • info@fidelisfirst.com

    Select a date

    November 2026

    Times shown in your time zone (America/New York).

    Select a time

    The team

    Developers who live in the data.

    Joe Kessi

    Joe Kessi

    Founder & CEO

    30+ years and 48+ subdivisions, with lots sold to Lennar, D.R. Horton and David Weekley Homes. Finished every project and repaid every investor through 2008.

    Alex Pham

    Alex Pham

    General Partner

    Started his first business at 16 and built a marketing agency serving 230+ small businesses. Leads operations, marketing and investor relations, and serves as an Infantry Officer in the Army National Guard.

    Erick Tarray

    Erick Tarray

    Operations Manager

    Runs the systems behind every deal. He pulls the market and project data we invest on, and uses tech and AI to keep everything organized and on schedule.

    Katia Clara

    Katia Clara

    Executive Assistant

    Supports the leadership team and investors day to day: scheduling calls, preparing documents and making sure every question gets a quick answer.

    FAQ

    Questions investors ask us.

    The full answers are in the PPM. The fastest way to get it is a short call.

    Book a call or submit interest on this page. We send you the private placement memorandum (PPM) and walk you through it. Every investor reviews the PPM before investing.

    Get paid every month from the homes America needs.

    Book a call
    FIDELIS FIRST INVESTORS

    This page is for information only and is not an offer to sell or a solicitation of an offer to buy any security. Any offer is made only through the fund's private placement memorandum (PPM) under Rule 506(c) of Regulation D, to accredited investors whose status has been verified. Every investor reviews the PPM before investing. Returns shown are targets, not guarantees. Real estate development involves risk, including the possible loss of your entire investment, and past results don't predict future results. Track record figures reflect projects completed by our principals, mostly through other entities. Project images marked “representative” are not the actual sites. Testimonials are from current investors and may not be representative of other investors' experience.

    © 2026 Fidelis First