What is Dom-i-city?
Dom-i-city is a proposal for solving housing for moderate and middle income families.
How does Dom-i-city produce more housing?
Dom-i-city introduces a new housing typology that uses land more efficiently and changes the dynamic of neighborhood opposition to new development. It does not rely on subsidy. It incorporates a program for land creation and is self-propagating.
How does Dom-i-city make housing affordable?
Middle income households are unable to bridge the gap between price and an affordable conventional mortgage based on income. A two-tiered mortgage is proposed in which the silent second is based on shared equity while the first is a conventional mortgage based on income.
Why is Dom-i-city focused on moderate and middle income households?
Middle income housing has been ignored, and lacks advocates. Teachers, nurses, firefighters, police , other members of the workforce and middle income families have been leaving the city. A consequence is that shortages in many sectors of the workforce are appearing threatening the safety, functioning and social stability of the community.
What is the price of a Dom-i-city house?
A preliminary estimate of $700,000 – $850,000 for a new three bedroom, two bath house is targeted to be affordable to households with incomes between $100,000 and $150,000.
When can I buy a Dom-i-city house?
At present Dom-i-city housing does not exist. Your best chance is to help Dom-i-city get built. Come to a meet-up or contact us to find out how you can help.