Innovative models for collective community investment and ownership

Expected Outcome:Project results are expected to contribute to all of the following expected outcomes:Community[1] stakeholders co-create[1] and participate[3] in innovative community investment and community ownership models.Community stakeholders benefit from increased local democratic participation, social equity and cohesion, a sense of place and belonging, and local economic development. Scope:Collective community investment and ownership models can empower diverse local community stakeholders to collectively invest in, own, manage, and benefit from local commercial, housing, transitional, or mixed-use assets. By directly engaging community stakeholders, such bottom-up and place-based approaches respond to local community needs and preferences and create local agency and long-term stewardship in the revitalisation of neighbourhoods.Proposals are expected to address all of the following:Develop a collective community investment or ownership model that involves diverse community stakeholders, including marginalised groups or those in a vulnerable situation, in the co-creation and revitalisation of neighbourhoods in line with the New European Bauhaus by focusing on one of the following options: Option A: A community equity investment model that offers community stakeholders the ability to acquire shares in local cooperative and community-based commercial or service-oriented assets to profit from and participate in their further development without necessarily working there.Option B: An occupant equity model through which community stakeholders build equity via their occupancy and participation in the development of a local cooperative and community-based housing or mixed-use[4] asset where they typically live or work. Develop and validate the model in at least three neighbourhoods in different Member States and/or Associated Countries.Assess the socioeconomic and environmental impacts of the model on the targeted neighbourhood(s) and their surrounding enviro