: Building a Community Block by Block in New York City
I'd like to jointly create this type of social venture in my home town:
You can create a Social Venture in your home town based on the business model in this page. The Social Entrepreneur Institute will assist you to make a business plan, funding the project and provide a More information on the Social Entrepreneurship Institute
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About Your Project:
Reference Project:
Company/Organization:
Building a Community Block by Block in New York City
Project Code:
CategoryID:
United_States
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City:
Please write about your business concept in five paragraphs with sub-title for each
Answer: Briefly describe the usefulness and uniqueness of your social venture
No factor is more crucial to a communityfs
strength than the condition of its housing, and no
city exemplifies this dynamic more clearly than
New York.
1:
Neighborhood Entrepreneurs Program built community capacity
1: Issues to be addressed by this social venture (or case)
In the early 1990s, after three decades of widespread
real estate divestment and abandonment, the city
owned the title to tens of thousands of dilapidated
housing units in some of Americafs toughest, most
crime-ridden neighborhoods. Over the past seven
years, the Neighborhood Entrepreneurs Program
(NEP), a public-private venture of the New York City
Partnership, has achieved remarkable success in
building community capacity by rehabilitating more
than 3,500 dilapidated homes in neighborhoods
once given up for dead, including Harlemfs 140th
Street, Brooklynfs Bedford-Stuyvesant, and the
Bronxfs Hunts Point.
2:
Local Entrepreneurs to renovate the abondoned houses
2: What is the unique idea to solve the issues?
To bring about profound, neighborhood-wide change,
NEP targets clusters of city-owned buildings and
then offers market incentives to help small, local
entrepreneurs acquire, refurbish, and manage
them. By providing affordable housing and
entrepreneurship opportunities, the program has
enhanced community capacity in direct ways.
3:
It helped job creation and community building
3: Revenue Model & Organization
It
has also done so indirectly, by catalyzing retail
development, job creation, capital formation, and
community organizing.
Helping to meet the fundamental need for safe,
affordable housing has provided the foundation upon
which more ambitious efforts, including those that
involve clever applications of technology, can be built.
4:
4: Targeted Benefit & Outcome
5:
5: Strengths and Risks of the business model
The Project Owner: Explain your experience and skills within 150 words.
Business_Partners:
Describe what types of business partners are you seeking