Affordable housing in Venice, Italy is in short supply due to the abundance of short-term tourist rentals and the low wages available in Venice. Casa Peota is a conceptual startup previously developed in 2017 by SerenDPT. The goal of the startup is to leverage the higher earnings from tourist rentals to produce opportunities for affordable homeownership for residents. This project acted as an application of the Casa Peota concept to determine its viability with respect to buildings currently for sale in Venice, including their necessary renovations and thorough financial analyses of the economic feasibility of the concept. We anticipate that SerenDPT will use the results to further develop Casa Peota as an operational startup.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Doran, Spencer
• Kumar, Divya
• Bruce, Keanna
• Chan, Jeffrey
• Link, Felicia

Subject

• Sustainability
• Infrastructure
• Community
• Culture
• Inclusion
• Innovation

Publisher

• Worcester Polytechnic Institute

Identifier

• 115149
• E-project-121423-103747

Keyword

• Affordable Homeownership
• Renovation
• Startup
• Financials
• Housing
• Revit

Advisor

• Belz, Melissa
• Carrera, Fabio

Year

• 2023

Center

• Venice, Italy Project Center - IQP

Sponsor

• SerenDPT

UN Sustainable Development Goals

• 8 - Decent Work and Economic Growth
• 9 - Industry, Innovation and Infrastructure
• 10 - Reducing Inequality

Date created

• 2023-12-14

Resource type

• Interactive Qualifying Project

Source

• E-project-121423-103747

Rights statement

• In Copyright

Last modified

• 2024-02-08