Source: Atlanta Business Chronicle
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The Purpose Built Community (PBC) model can serve as one component among a family of solutions for transforming distressed neighborhoods and eradicating concentrated poverty in urban centers. The model provides a mixed-income strategy that incorporates high standards for all residents, making sure that new housing is attractive to all income segments of the community, embracing residents of subsidized housing and market-rate renters owners alike. As a condition to receiving the housing subsidies, adults ages 18-55 years old are required to work unless they are in school, in job training or are disabled.Additionally, a PBC development offers high quality education from preschool through college, realizing that quality schools help break the cycle of poverty and energize the entire community.
Finally, the PBC-inspired neighborhood provides excellent family support services such as academically enriching after-school programs, healthy recreation opportunities, and capacity-building adult programs. Its criteria include several key elements to be successful: The opportunity to replace a failed low-income housing development with a large-scale, high quality mixed-income housing community; Federal or state funding for the affordable portion of the mixed-income project; The ability to create a neighborhood charter school (or a traditional public school with some form of local control); The ability to raise significant charitable funds; and the creation of a lead non-profit organization comprised of respected business and civic leaders that takes ownership of the project and manages it with a results orientation. |
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How much does a family pay?
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Who qualifies?
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How many units?
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