Yes We Rent! - Leveraging vacant private property to build up a cooperative affordable housing scheme
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Yes We Rent! will generate an accessible housing stock targeting medium income households using properties that have been left empty and off the market. By offering a guaranteed rent, and financial and organisational support to renovate properties, the project will incentivise risk averse owners to rent to the affordable housing scheme at below market prices. It will also keep part of the benefits in order to consolidate and grow its offering.
Additionally, Yes We Rent! tests an organisational model of a multi-stakeholder coop, which can be publicly funded and controlled, while drawing on the empowerment and self-management potential of cooperatives. Tenants will be trained and incentivised to engage in self-help, empowerment, joint development of housing related services, and recruitment of new flats.
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#SCEWC24 treasure hunt:
Reach the next level --> explore this page and find the button "Climate Adaptation", hidden in the "Green" part.
Then, you have to find an "Urban practice" located in Paris.
The Urban Innovative Actions (UIA) is a European Union initiative that provided funding to urban areas across Europe to test new and unproven solutions to urban challenges. The initiative had a total ERDF budget of €372 million for 2014-2020.