Blockchain startup proposes communes for San Francisco’s homeless

It’s so Bay Area. Hours earlier than an election wherein San Francisco citizens voted to approve a brand new tax (Proposition C) to fund homeless products and services, I were given a PR pitch from a cryptocurrency-based actual property corporate suggesting that town beta check an agricultural commune to lend a hand remedy its homelessness drawback.

Software developer Natalia Karayaneva, CEO of Bay Area actual property startup Propy, has some credibility within the box. (Fast Company profiled her again in May.) Karayaneva’s LinkedIn web page lists a masters level in sustainable city construction from the University of Oxford and just about 18 years as “managing proprietor” of an actual property construction corporate in her local Bulgaria. Blockchain and social entrepreneur Chris McCoy tells me Propy is an “outstanding undertaking” for its use of the protected ledger generation to regulate each purchases (thru cryptocurrency) and the phrases of contracts.

Over the previous few months, Prop C combatants laid out many opinions and counter-proposals. But Karayaneva’s proposed answer for the greater than 7,500 homeless in San Francisco turns out somewhat fanciful–even if it doesn’t seem to make use of blockchain. Per a remark attributed to her by means of the corporate’s PR company:

I counsel a lean manner by means of construction an experimental neighborhood for 100-300 homeless other people outdoor or throughout the town. The neighborhood must have now not simplest housing, however farming to lend a hand create a self-sustaining neighborhood…Community individuals can volunteer to lend a hand at the belongings and earn credit/meals/products and services. If you construct a resilient housing neighborhood and make it loose simplest for the homeless, don’t you suppose they’d gladly transfer there and give a contribution for maintaining the ability and their very own prosperity?

Backers declare that, with the $300 million raised once a year by means of Prop C’s new trade tax, they are able to area about 4000 families (households or people), plus supply emergency refuge spots for all who want them–last a 1,000-bed shortfall.

Per the newest homeless survey, in 2017, 68 p.c of town’s homeless have well being issues that “integrated continual bodily sickness, bodily disabilities, continual substance use, and critical psychological well being prerequisites.” They won’t make the most productive farmers. (Prop C additionally guarantees to fund psychological well being products and services for 4,500 other people.)

Instead of latter-day Hoovervilles, Prop C backers suggest construction cheap housing and offering hire subsidies in order that the homeless, maximum of whom as soon as had properties within the town, can go back to dwelling below a roof of their neighborhood.