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VALUEPublic Service
PROPOSALOffer affordable housing to prospective renters.We will require prospective tenants to have abackground that inclu...
myOWN. Responsibility through (NON) Ownership
“We intend to build a societyof owners. We wish to makesure everyone is a participantand encourage personalresponsibility....
WHO IT’S FOR:Renters residing in theClinton Hill neighborhood ofBrooklyn NY.
DELIEVERABLESMy Own will offer affordable housing to prospectiverenters.
DIAGRAM   Affordable housing   Security                        Rent                        Community service              ...
FINANCIALSINCOME:Rent                                                 $43,200 - 48,000EXPENSESProperty:                   ...
Responsibility through(NON) Ownership
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Philanthropic Entrepreneurial Proposal

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Max Gaines
Philanthropic Entrepreneurial Proposal
Pratt Institute / Grad CommD
2011
Class: Global Design

Published in: Business, Real Estate
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Philanthropic Entrepreneurial Proposal

  1. 1. VALUEPublic Service
  2. 2. PROPOSALOffer affordable housing to prospective renters.We will require prospective tenants to have abackground that includes community service and/orphilanthropy workAll tenants are held personally responsible for themaintaining the upkeep of not only their space, but theentire property itself.
  3. 3. myOWN. Responsibility through (NON) Ownership
  4. 4. “We intend to build a societyof owners. We wish to makesure everyone is a participantand encourage personalresponsibility.”George W. Bush, State of the Union, 2005
  5. 5. WHO IT’S FOR:Renters residing in theClinton Hill neighborhood ofBrooklyn NY.
  6. 6. DELIEVERABLESMy Own will offer affordable housing to prospectiverenters.
  7. 7. DIAGRAM Affordable housing Security Rent Community service TENANTS
  8. 8. FINANCIALSINCOME:Rent $43,200 - 48,000EXPENSESProperty: $600,000 - 700,000Renovations (typically 20% property value): $100, 000 – 140,0003,500 Sq Ft Commercial Space w ($5500.00 month) $66,000Taxes: (~) $1,500Property Insurance:Insurance (Office Space)Staff + Benefits: (~) $300,000Office Supplies: (~) $15,000ComputersCopy MachineTelephonesMobile PhonesPaperMiscTelephone / Internet: $1,200Advertising $10,000 (~) $1,300,000
  9. 9. Responsibility through(NON) Ownership

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