Lease On The Block is a decentralized private ledger using blockchain technology to safely record and track rent regulated apartments in New York City.
- Week 1 : team formation etc. cf form submitted to Hackathon Admin
- Week 2 : user persona
- Week 3 ,4 : wireframe , Proto
- Week 8 :
Pitch Deck
Video Demo
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 :
- Make cities and human settlements inclusive, safe, resilient and sustainable
- Link the bounty page and judge requirements
- Project Slack space : leaseatblock.slack.com
- BSIC Decentralized Incubator Presentation slides
- DII BSIC Gitcoin offcial Chat : https://chat.gitcoin.co/hackathons/channels/dii-general
- To understand the problem we are tackling:
- FAQ Rent Regulation
- Rent Regulation in NYC: How it works, what went wrong, and how to fix it
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%.
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.
- 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 !
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/