FICA (Fundo Imobiliário Comunitário para Aluguel), from São Paulo
For its action devoted to fighting housing speculation and gentrification in central areas of three major cities in Brazil.
FICA is a nonprofit founded in 2015 in São Paulo, Brazil. FICA crowdfunds and buys properties in downtown São Paulo and rents these at non-speculative prices. Its mission is unique in the Brazilian context and in acting as a social landlord, it offers a new role devoted to fighting speculation and gentrification. FICA is a legally established association, run by a board of directors, with 150 sponsors, 23 investors and 4 institutional funders. FICA also counts on an extensive network of partners: volunteers, social movements, other non-profit organiza3ons, public policy makers, universities and private sector partners.
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Country
Brazil
Event Period
2023