VALUE

Public Service

Offer affordable housing to prospective renters.

We will require prospective tenants to have a background that includes community service and/or philanthropy work

All tenants are held personally responsible for the maintaining the upkeep of not only their space, but the entire property itself.

PROPOSAL

my OWN.

Responsibility through (NON) Ownership

“We intend to build a society of owners. We wish to make sure everyone is a participant and encourage personal responsibility.”

George W. Bush, State of the Union, 2005

WHO IT’S FOR:Renters residing in the Clinton Hill neighborhood of Brooklyn NY.

My Own will offer affordable housing to prospective renters.

DELIEVERABLES

DIAGRAM

Affordable housingSecurity

TENANTS

RentCommunity service

FINANCIALSINCOME:Rent $43,200 - 48,000

EXPENSESProperty: $600,000 - 700,000Renovations (typically 20% property value): $100, 000 – 140,0003,500 Sq Ft Commercial Space w ($5500.00 month) $66,000 Taxes: (~) $1,500Property Insurance: Insurance (Office Space)

Staff + Benefits: (~) $300,000

Office Supplies: (~) $15,000ComputersCopy MachineTelephonesMobile PhonesPaperMisc

Telephone / Internet: $1,200Advertising $10,000

(~) $1,300,000

Responsibility through (NON) Ownership