How a Brazilian Firm is Sustainably Solving the Problems of Urban Slums, One Community at a Time
Terra Nova, a for-profit social enterprise, helps urban slum dwellers obtain legal title to the land they occupy irregularly. By managing all aspects of the land regularization process, Terra Nova helps community residents purchase the land they live on, formalizing an important asset and catalyzing...
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| Vydáno v: | URI:https://journals.openedition.org/factsreports, |
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| Hlavní autor: | |
| Médium: | Article ou chapitre numérique |
| Jazyk: | Anglais |
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Field Actions Science Reports
2012
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| Témata: | |
| On-line přístup: | Accès Université d'Orléans et IFPM |
| Shrnutí: | Terra Nova, a for-profit social enterprise, helps urban slum dwellers obtain legal title to the land they occupy irregularly. By managing all aspects of the land regularization process, Terra Nova helps community residents purchase the land they live on, formalizing an important asset and catalyzing economic growth. This enables the government to implement much needed infrastructure such as running water, sewer systems, electricity and paved roads. The process offers triple bottom line results (i.e., social, environmental and economic benefits) to these urban slums. It transforms dead asset into capital benefitting all stakeholders: 1) community residents purchase important assets, gain access to credit and are transitioned into the formal economy, 2) governments resolve complex, costly problems associated with urban slums and collect taxes and 3) land owners are compensated for their occupied property. Terra Nova's methodology for sustainable land regularization provides a dignified and empowering solution to formalizing property rights. |
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