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Jump Start

Crowdfunding community redevelopment

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Brownfields

a property on which expansion, redevelopment, or reuse may be complicated by the presence, or perceived presence, of contamination

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Real Problem, Real Solution

  • Calumet Initiative working to revitalize the Calumet are (Northern Indiana to Southern Chicago region)
  • Lots of “condemned” land, low property value, unattractive

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Key Issues

  1. Environmental Liability Concern: Developers and property owners want to manage past and future liabilities associated with the property’s environmental history
  2. Financial Barriers: Private Lenders are often reluctant to give loans for potentially impaired lands. In some cases, cleanup costs for a property may ultimately be more than the property’s value.
  3. Cleanup Considerations: A brownfields redevelopment timeline may take longer than typical real estate development due to environmental assessment and cleanup activities.
  4. Reuse Planning: A reuse plan based on the community goals or sound economic and environmental information (eg market potential) may be lacking

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Solution: Jumpstart

  • Much like what kickstarter did for hobbyists, allows for community activists to crowdfund community infrastructure projects
  • Often competing nonprofits with grant money don’t want to collaborate because if they spend their money on a different nonprofits mission, next time their donors might back that nonprofit directly
  • Allows for building decentralized governance systems ON DEMAND to reach goals. Nonprofits and investors can buy a new financial asset -> the future return of a property’s property tax value in turn for jumpstarting the ecosystem

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Solution

  • NOT a loans platform to give loans to build properties
  • NOT a real estate investment platform for buying partial plots of land

Instead

  1. INVEST in future profits from the land
  2. Benefit a community not singular people

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Groups

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Why Aragon?

  • Use of ENS for namespacing root trust
  • “Projectname.jumpstart.eth”
  • Allows for building repositories of common community projects, allows for reputation building for community leaders, and even allows for sub community fundraising through: subproject.project.jumpstart.eth
  • Custom contracts allow for per project agreements
  • Macro loans, not microloans, geared towards nonprofit grant money