Verizon and One Economy to Offer Low-Cost Access

Verizon Avenue, a subsidiary of Verizon, and a non-profit called One Economy Corporation, are working together to affordable high-speed Internet access into the homes of many low-income Americans. One Economy's core target market is the approximately 12 million people living in 5 million units of government-subsidized rental housing, approximately 44 percent of the total number of people living in affordable housing in the United States. One Economy and Verizon anticipate impacting a significant share of the 200,000 new low-income apartments built each year. Looking to the future, the partners also are studying the feasibility of expanding this concept to rural and tribal environments as well as to rehabilitated properties.



One Economy and Verizon initially will focus their efforts on new affordable housing projects of at least 100 units. Both are already negotiating with some of the country's largest such developers in New York and along the East Coast. http://www.verizon.com/avenuehttp://www.one-economy.com/