Skip to content

Source for Lease On the Block team for the 2020 Blockchain for Social Impact decentralized incubator hackathon

License

Notifications You must be signed in to change notification settings

Redoudou/Leaseatblock

Repository files navigation

enter image description here

Lease On The Block is a decentralized private ledger using blockchain technology to safely record and track rent regulated apartments in New York City.

Delivery follow up

Our Pepo Videos

  1. March 25 - Red LOTB Founder

  2. March 27 - Genevieve LOTB Mentor !

  3. March 27 - Outdoor LOTB before delivery

  4. March 28 - Gael LOTB UX/UI Designer

  5. March 28 - Peter LOTB Back end engineer

  6. March 28 - Red LOTB enjoy the outdoors NYC confinement !

  7. April 4th - 1st dry pitch for LOB !

  8. April 4th - Zach LOTB - Tech Lead

  9. April 8th - LOTB It’s the final countdown !

Lease On The Block

Lease on the Block is contract management system specific for low income housing in New York City. It stores the lease in a unique, a secured, immutable and traceable blockchain. Bottom line, we want to link a rent-sabilized lease with the affordable housing tax incentives that the developer benefited. (LIHTC, j51, 421a....)

The Gitcoin Virtual Hackathon Decentralized Impact Incubator is an on-line hackathon sponsored by Blockchain for Social Impact. From February 18th till April 8th team will develop a product to resolve the United Nation Sustainable Development Goals number 11 :

Important links

The context:

A product of nearly 100 years of advocacy and legislation, rent regulation is critical for low-income New Yorkers. Rent regulation mediates the severe power imbalance between tenants and landlords, which is exacerbated by tight housing markets. The rent laws, similar to anti-trust laws, consumer protections and other regulatory laws, are especially important for low-income people but benefit moderate-income households as well. They differ from—but often complement—housing subsidy programs. For example, by mediating rent levels.

  • About 1 million apartments are rent-regulated in NYC, that's roughly half of all apartments in the city.
  • Rent Stabilization giver renters the right to stay in their apartment with modest rent increases each year, typically between 2 - 6%.

The Problem we tackle:

Since 1990, we estimate New York City has lost 300 000 rent-stabilized apartments. A lot of tenants do not know they are in a rent-controlled apartment and thus are being abused by realtors. The city lacks a system that tracks rent-stabilized. It’s almost impossible to know if an apartment is under that regulation or not. Systems between various agency NYSHA, HCR, HPDP, NYCHDC do not share information and can't always communicate. Thanks to Blockchain technology Lease On the Block preserve privacy while offering shared and unified data across the agencies.

Do we need a Blockchain ?

enter image description here

  • We need a database to store the leases There is multiple writers :
  • Landlord , Tenants, City Landlords ,Tenants and City have conflicting interests.
  • We can’t rely on a third party = Some of the information needs to be public

⇒ we have a Blockchain use case !

Links to go further:

http://www.nyc.gov/html/housing/assets/downloads/pdf/housing_plan.pdf https://amirentstabilized.com/info/why.html https://a806-housingconnect.nyc.gov/nyclottery/lottery.html#home https://rentguidelinesboard.cityofnewyork.us/resources/rent-regulated-building-lists/

About

Source for Lease On the Block team for the 2020 Blockchain for Social Impact decentralized incubator hackathon

Resources

License

Stars

Watchers

Forks

Releases

No releases published

Packages

No packages published

Contributors 4

  •  
  •  
  •  
  •