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Combating the growth of slums using for-profit social business models

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dc.contributor.advisor Lynn Fisher. en_US
dc.contributor.author Fusaro, Kurtis C en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. en_US
dc.date.accessioned 2010-05-25T19:20:30Z
dc.date.available 2010-05-25T19:20:30Z
dc.date.copyright 2009 en_US
dc.date.issued 2009 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/54854
dc.description Thesis (S.M.)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2009. en_US
dc.description This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. en_US
dc.description Cataloged from student submitted PDF version of thesis. en_US
dc.description Includes bibliographical references (p. 82-85). en_US
dc.description.abstract With 1 billion people living in the slums of cities today and no signs of a decrease in the rate of urbanization and population growth, it is obvious that new approaches to combating poverty and the global housing crisis are needed. Acknowledging the recent growth of the microfinance industry and social investing, this thesis investigates how for-profit social investment techniques could be used to create housing and combat the growth of slums. It compares various for-profit social business models and provides a "toolbox" of potential structures which could be employed based on the characteristics of a specific community. In the end, it shows that social business techniques hold promise as effective ways to draw money into developing nations from the world's capital markets to improve the lives of millions of informal settlers. Using literature reviews, interviews with industry participants, and a feasibility study based in Manila, the paper shows that: - There are multiple for-profit social business structures for producing low-cost housing which could be employed based on the characteristics of the particular community. - The social investment landscape has developed to the point where there is significant capital available for investments in housing. - A social business structure would be effective in providing housing for the lower-middle class population of informal settlements in Manila; and the implementation of such a program would be effective in relieving a large financial burden from public institutions, allowing them to serve more households in the lowest income segment. en_US
dc.description.abstract (cont.) - These social business models could be scaled-up to numerous communities to create a significant impact on the housing crisis. As real estate developers fancy themselves as choreographers of a dance of multiple disciplines which, when orchestrated well, improves the quality of the built environment, I hope this paper presents a unique multidisciplinary approach to the issue of informal settlements, combining elements of finance, urban planning, law, and policy. en_US
dc.description.statementofresponsibility by Kurtis C. Fusaro. en_US
dc.format.extent 85 p. en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri http://dspace.mit.edu/handle/1721.1/7582 en_US
dc.subject Center for Real Estate. Program in Real Estate Development. en_US
dc.title Combating the growth of slums using for-profit social business models en_US
dc.type Thesis en_US
dc.description.degree S.M. en_US
dc.contributor.department Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. en_US
dc.identifier.oclc 609649583 en_US


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