Why Do Politicians Want to Take Away Homeownership from Communities of Color?
In California, politicians and developers are attacking single-family home zoning. Yet they suspiciously ignore that homeownership is a crucial tool for communities of color to build wealth. Politicians should not take that away by banning single-family zoning: people of color will suffer serious consequences….
By Cynthia Davis and Susie Shannon posted on May 19, 2021
…Politicians and developers say that by building more pricey, market-rate apartments, eventually rent prices will drop with the increase of more rental housing. Therefore, they say, government must loosen land-use zoning that prevents developers from building more apartments. The argument is flawed and self-serving.
READ the LA Progressive article here: https://www.laprogressive.com/take-away-homeownership/
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