By Mike Dunn

PHILADELPHIA (CBS) – Art lovers in Philadelphia are getting a chance to become collectors without much cash in their bank accounts thanks to a new concept called “Community Supported Art.”

You may have heard of “community supported agriculture,” in which people purchase a share and receive regular shipments of produce from a local farm.

A growing number of cities, now including Philadelphia, are adapting that model for local art.

Donna Frisby-Greenwood of the Knight Foundation says it’s a chance to become an art collector without breaking the bank.

“By becoming a shareholder, it’s at a price point that I can afford it, and I can be a collector just like some millionaire,” explains Frisby-Greenwood.

The concept of community supported art was launched in Minnesota by Laura Zabel of Springboard for the Arts, who says it’s about more than simply collecting, “it’s just become this incredible way for artists and community members to meet each other and build relationships,” says Zabel.

Two CSA programs are being launched, one by the Philadelphia Folklore Society, the other by artist collectives Grizzly Grizzly and Tiger Strikes Asteroid. Shares range from $350 to $450.

For more information visit creativephl.org.