Frolic is a mission-driven development company seeking to fundamentally change the way cities transform as pressure for development increases. They are grounded in a belief that thoughtful development can lead to creating just, equitable, and kind cities. They specialize in urban cohousing with projects designed to foster community and be financially accessible to a broader population than is currently supported by the homeownership market.
Their model uses a cooperative financing structure which enables crowd-investing and a decoupling of share ownership and tenancy. This allows residents to act as tenants of the project without requiring a large upfront down payment. They can then own as much of the project as they can afford and desire to own. It also allows others in the neighborhood to buy shares in the project and invest in a community asset. Over time, low-income residents can purchase more shares and build additional equity in their home. The Frolic model links land owners who want to age-in-place and middle-income first time homebuyers. Partnering with land-owners to co-develop their property, Frolic allows them to avoid displacement and financially benefit from redeveloping their lot.
Tamara Knox is a Masters in City Planning candidate at Massachusetts Institute of Technology. She graduated from Stanford University with honors in 2012 majoring in Urban Studies. Between her studies, she worked for an urban economics consulting firm in Berkeley called Economic and Planning Systems and a development firm in Los Angeles specializing in wholesale commercial kitchens called Civic Enterprise. During her time at MIT, she won first place in the 2017 Federal Home Loan Bank of Boston Affordable Housing Development Competition. This was an interdisciplinary team project comprised of architecture, real estate, public policy and planning students from MIT and Harvard. At MIT, she is focusing her studies on real estate and exploring how to incorporate holistic urban planning values and human-scale design in thoughtful development.
Joshua Morrison is an environmental designer educated at Brown University and the Rhode Island School of Design (US). He is currently a Master in City Planning candidate at MIT. His design-agenda builds on a people-centered view of design and architecture, inspired by his time at Gehl Architects. Joshua moves with ease between projects at different scales, from strategies for sustainable water supply in Armenia to the public space network of the Melbourne waterfront in Australia. He worked as an urban planner for the World Bank and has urban planning and design experience in over 9 countries. He also co-founded Fundament, a multi-disciplinary design firm in Copenhagen in 2015.