published: April 10, 2018, recorded: February 2018, views: 597
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Let’s face it: the housing market is broken. All around the world, too many urban dwellers are resigning themselves to a lifetime of rent. It is time to change this unsustainable mode of urban living.
DOMA is a shared ownership platform for affordable housing. Its principle is simple: to break down the value of urban property into thousands of blockchain-based digital tokens that can be traded autonomously. This logic, in turn, will enable access to the housing market and its benefits to people that are currently priced out of it.
Operating as a non-profit cooperative, DOMA continuously purchases housing stock in the most dynamic urban areas and makes it available to the platform’s users. It provides equity shares in return for monthly payments, progressively turning its users into homeowners.
DOMA slips between the built environment and its community of users to create the housing architecture that the contemporary city needs.
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