Building Inclusive Communities: Affordable Housing and Sustainable Construction

Purpose, Mission, Goals

With purpose to drive positive change in underserved communities by addressing the pressing need for affordable housing and sustainable development, this initiative aspires to build a dynamic and inclusive community of innovators, collaborators, and partners dedicated to advancing affordable housing solutions. 

Our mission is to uplift low- and moderate-income communities by:

• Facilitating Affordable Housing Development: We aim to provide accessible housing solutions and enhance living standards for low- and moderate-income families and individuals within underserved communities.
• Empowering Entrepreneurship: We are dedicated to fostering entrepreneurship in real estate by equipping underserved entrepreneurs with the means to thrive and make housing affordable.
• Advancing Real Estate Innovation: We are committed to catalyzing partnerships and facilitating the transition of research findings into practical applications, with the goal of revolutionizing sustainable housing solutions.
• Revitalizing Main Street Areas: We prioritize the revitalization of underserved business districts, with a particular emphasis on preserving historic properties and converting unused commercial spaces into affordable housing units.

Governance and Leadership

The Project Steering Committee will develop a governance framework outlining decision-making processes, reporting structures, and the roles and responsibilities of its members. 

Steering Committee: Composed of key project stakeholders, including representatives from indigenous communities, academia, and industry, responsible for decision-making and oversight.

Directors: Provide industry expertise, community engagement, and oversight.

Offering next-gen sustainable governance through responsible investing frameworks, transparent reporting and regulatory compliance, Project DARP - Decentralized Asset Responsibility Protocol - has been selected to support the functions of:

• Secretary: DARP's back-office autonomous agents will maintain project records and ensure regulatory compliance.
• Responsibility Board: DARP members will validate outcomes and issue IFGG coins rewards request. Coins can be used to purchase services on DARP.
• Advisory Council: DARP's experts in sustainability, construction, urbanism, and indigenous community affairs will provide guidance and oversight.
• Controller: DARP's middle-office autonomous agents will be responsible for verifying portfolio assets, monitoring valuations and validating financial reporting.

Workforce Development

Over the next 3 to 7 years, the project is estimated to create thousands of jobs, spanning roles such as construction workers, architects, project managers, community coordinators, entrepreneurship trainers, and various support roles. The Program will prioritize qualified workers and graduates from marginalized and vulnerable groups including Indigenous, Hispanic, Veterans and foster youth.

Allocation (USD)

• Land Acquisition Cost: $27,000,000 
• Site Development Costs: $11,000,000
• Construction Costs: $26 ,000,000
• Infrastructure and Utilities: $5,400,000
• Landscaping and Common Areas: $1,800,000
• Regulatory and Legal Costs: $1,300,000
• Real Estate Innovation: $1,000,000
• Marketing and Leasing: $1,800,000
• Contingency and Overhead: $5,400,000
• Financing Costs: $3,000,000
• Miscellaneous Costs: $1,300,000

Targets and Milestones

Throughout the first 18-month period, the Project Steering Committee will provide oversight, make strategic decisions, and ensure the project remains aligned with its goals. Ready Player Institute may become eligible for receiving IFGG coins by demonstrating Quantified Positive Outcomes in underserved communities.

General Outputs:

• Housing Units: The most obvious output is the completion of over 1,700 housing units, including single-family homes, townhomes, and possibly multifamily units.
• 
Infrastructure: The development will result in the creation of infrastructure such as roads, utilities, sewage systems, and stormwater management.
• 
Jobs During Construction: Creation of direct and indirect jobs during the construction phase, including skilled and unskilled labor, architects, engineers, and support services.
• Tax Revenue: The completed development will generate property taxes and potentially other local taxes and fees, contributing to the local government's revenue.


Projected Outcomes:

• Increased Housing Stock: The project will help address the demand for housing in the area, potentially leading to a more stable or affordable housing market attracting and retaining skilled workers in fields from high technology to agriculture.
  
• Economic Boost: The development can stimulate the local economy, generating economic growth through job creation and spending on goods and services.
• Community Growth: The project may attract new residents and businesses to the area, fostering community growth.
• Increased Property Values: Surrounding properties may see an increase in value as a result of the new development, benefiting existing homeowners.

Enduring Impact:

• Health and Sustainability: Dedication to mitigating health risks and environmental hazards associated with substandard housing, contributing to the creation of healthier living environments for low-income households and reducing likelihood of homelessness.
• Environmental Impact:  The project includes green design features, energy-efficient technologies, and responsible land use practices.
• Social Cohesion: To promote desegregation and equitable housing access, the well-designed development will foster social interaction and cohesion within the community while preserving cultural heritage through repopulation of rural and remote areas
• Economic Diversity: Striving to enhance housing affordability, the project will diversify the local economy by attracting businesses and residents from various backgrounds.

Comprehensive Reporting

Our commitment to transparency extends to the reporting of our activities, progress, and overall impact. Routine reports will be made available to our esteemed donors and stakeholders, fostering a culture of accountability and transparency in our relentless pursuit of predefined objectives.

Geography

SUMMARY

In conclusion, the Golf Living Foundation is poised to transform remote and rural real estate landscape, ensuring that affordable housing becomes a reality for underserved communities. Your support will help us build inclusive, vibrant, and sustainable communities that thrive through real estate innovation. Join us on this journey towards progress, collaboration, and lasting impact in the affordable housing sector. Together, we can create a brighter future for underserved communities and the real estate industry as a whole. Your partnership and support will be instrumental in achieving these transformative goals.

About Golf Living Foundation

The Golf Living Foundation (GLF) is a non-profit organization dedicated to transforming golf facilities into inclusive community hubs that support youth development, senior engagement, and overall well-being, while promoting the values of discipline and sportsmanship through the sport of golf. With a mission to provide public and societal benefits through the lens of golf, GLF aims to create an enduring impact within remote and underserved communities by driving forward accessibility, inclusion and sustainability in the sport of golf.