Student 8: Ambition


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My plan is to drive more community-engagement in helping individuals find Section 8 (subsidized) housing in NYC in a manner that would benefit all parties.

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Student 8: Ambition

  1. 1. Student 8: Ambition Goal: Drive community-engagement and utilize in helping individuals find Section 8 (subsidized) housing in NYC. Do so in a manner that requires limited funding and is beneficial to all involved parties.
  2. 2. About the Market <ul><li>Roughly 2,500+ clients each year could utilize this service </li></ul><ul><li>Takes 3-6 months for individuals to find apartments, often times longer </li></ul>
  3. 3. Competition <ul><li>City provides referral service, but no program akin to this </li></ul><ul><li>“ Proposed program would fill a gap” </li></ul>
  4. 4. Involved Parties <ul><li>Student 8: Ambition </li></ul><ul><li>NYCHA </li></ul><ul><li>Other organizations providing resources: funding, information, advice </li></ul><ul><li>College students </li></ul><ul><li>NYC Colleges: Public & Private </li></ul><ul><li>New York Real Estate Institute (NYREI) </li></ul><ul><li>NYC Real Estate Firms </li></ul><ul><li>Section 8 voucher holders </li></ul>
  5. 5. Model <ul><li>College students take classes and exams, working towards NYC Real Estate Salesperson licensure </li></ul><ul><li>Participating firms sponsor the students </li></ul><ul><li>Students intern/volunteer through these firms working exclusively for Section 8 clients </li></ul>
  6. 6. Value to Students <ul><li>Get licensed at subsidized/free cost </li></ul><ul><li>Gain experience in fast-paced real estate environment </li></ul><ul><li>Ability to build relationship with sponsoring brokers </li></ul><ul><li>Access to superior volunteer experience </li></ul>
  7. 7. Value to Colleges <ul><li>Offer superior volunteer experience for their students </li></ul><ul><li>Actively engage in serving the community in which they/their students reside, a hallmark of many NYC college missions </li></ul><ul><li>Students gain potentially profitable licensure, skills, training, and education </li></ul>
  8. 8. Value to NYC Real Estate Schools <ul><li>Positive public relations </li></ul><ul><li>Potential tax benefits </li></ul><ul><li>Access to steady influx of individuals to educate </li></ul>
  9. 9. Value to Real Estate Firms <ul><li>Access to pro-bono work </li></ul><ul><li>Potential tax benefits </li></ul><ul><li>Risk-free manner to test new real estate salespeople, give them experience, and build relationships with them </li></ul><ul><li>Positive public relations </li></ul>
  10. 10. Value to Section 8 Voucher Holders <ul><li>Access to brokers who will work hard for them, for free </li></ul><ul><li>Program provides them with improved living conditions </li></ul><ul><li>Also educates them about use of more social services </li></ul>
  11. 11. Value to NYC (& NYCHA) <ul><li>Community engagement and involvement in social services </li></ul><ul><li>More efficient use of Section 8 housing, for a very limited cost </li></ul>
  12. 12. Student 8: Ambition Roles & Responsibilities <ul><li>Oversee entire program and all moving parts </li></ul><ul><li>Build relationships with colleges, real estate schools, real estate firms, NYCHA, and Section 8 voucher holders </li></ul><ul><li>Liaison between different parties </li></ul><ul><li>Secure necessary resources and funding </li></ul>
  13. 13. Funding Needs for Student 8: Ambition <ul><li>Real estate classes, offered at subsidized cost </li></ul><ul><li>Real estate exam fees </li></ul><ul><li>Salary for employees </li></ul>
  14. 14. Potential Funding Sources <ul><li>Public and private grants </li></ul><ul><li>Grant Contests </li></ul><ul><li>NYCHA </li></ul><ul><li>NYC funding </li></ul><ul><li>PEPSI REFRESH! </li></ul>
  15. 15. Summary <ul><li>Goal: serve Section 8 clients </li></ul><ul><li>Goal: drive community engagement-positive externalities </li></ul><ul><li>Goal: ensure that all involved parties benefit from arrangement </li></ul><ul><li>Goal: limited funding and resources required </li></ul>