BitLot: Empowering Harlem Through Community-Driven Housing Development
Harlem faces a critical shortage of affordable housing, compounded by high land costs and limited vacant land. However, there are over 70 million SF of underutilized air rights in the area. BitLot leverages these air rights to create affordable housing while keeping the neighborhood’s residents and culture intact.
Key Opportunity
The project aims to use underutilized air rights to build affordable housing and prevent displacement. By focusing on Harlem’s legacy residents, we ensure new developments align with their needs, promoting long-term stability.
User-Centered Digital Platform
BitLot’s platform empowers Harlem residents, investors, and stakeholders to actively participate in housing development through an intuitive, accessible interface.
Key features include:
Track Development Progress: Stay updated on proposed and existing projects.
Manage Assets: Pledge air rights, invest capital, and see real-time impacts on housing and returns.
Simplify Legal Processes: Clear, step-by-step guidance on legal and financial decisions.
Inclusive and Accessible
The platform is available as a mobile app, with additional resources at local libraries to support residents with limited internet access.
Long-Term Vision
BitLot will expand beyond housing to include shared community spaces and local initiatives. With the potential to generate over 10 million SF of development and 10,000 affordable units, BitLot ensures that Harlem’s growth benefits local residents.
Community Investment
Instead of external developers profiting, BitLot reinvests generated capital back into the community, circulating over $500 million worth of air rights within Harlem.
