Coliving startup PadSplit expands to San Francisco, New York and Chicago

The Atlanta-based startup lets homeowners split houses into furnished private bedrooms with shared kitchens and living rooms. Residents pay weekly, with utilities and Wi-Fi included.

There is no long lease and no minimum credit score.

Founder and chief executive Atticus LeBlanc said housing costs are rising faster than wages in many cities.

For many workers, renting a room “isn’t just the most affordable option, it’s often the only attainable one,” he said.

A nonprofit partner in San Francisco

In San Francisco, the launch has backing from the San Francisco Housing Accelerator Fund, a nonprofit…