daggers-drawn:

(2/2) so, my thoughts are: i could either rent it very very low, giving people who can’t afford ownership the chance to live somewhere affordable and accessible. OR, I could create a sort of cooperative living situation where people pay a set amount per month, based on their income, that goes into a pool for repairs/taxes/maintenance/insurance etc. I just can’t figure it out, because I want to do the most good possible without generating money off property (which I think is immoral)

Imo, a good approach would be to establish it as a set of cooperative trust properties where people can live in a communal self-ownership situation. The trust is a legal device which would put the properties under the direct ownership of a third party organization (in this case probs an LLC but I’m not a lawyer so don’t trust me on that) which would then be the “arbiter” of the property. The organization in this case would be the cooperative that owns the property together.

There are a few housing co-ops that exist already which you could use as a model. Plus, you could probably collect donations as a non-profit and I even think you may get a tax break though I’m not entirely sure.

I’m sure there’d be a few people willing to support this kind of situation, especially if you were to also have community gardens and other projects to show an audience.

It’s not quite socialism, but it’s better than rent.