In the face of accelerating gentrification, along with ongoing speculation and eviction, the idea of putting a substantial number of homes outside of the reach of the speculative market has been gaining momentum across the country.
When this limited-equity cooperative in California began more than 30 years ago, it wasn’t the most affordable place to live. But now the co-op’s monthly costs are 50 percent lower than the average market-rate apartment.
A Portland policy gives priority for housing funded by the city’s housing bureau to residents who were displaced, are at risk of displacement, or are the descendants of families who were displaced due to urban renewal in North and Northeast Portland neighborhoods.
Probably no one in the country is in a better position than Tony Pickett to talk about efforts to include long-term affordable housing in two of the nation’s largest Transit Oriented Development (TOD) ventures: Denver’s FasTracks plan, and Atlanta’s Beltline project.