Libby Seifel's life is built around big causes. She has spent much of it professionally focused on affordable housing and much of it personally focused on women. Libby's interest in housing came about when she lived through gentrification in her own neighborhood in Boston. There she saw her own godmother pushed out of her apartment into distressed public housing, and that … [Read more...] about Women building collective muscle.
Gentrification
Between renting and home ownership.
Home ownership has traditionally been considered a part of the American dream, providing economic benefits such as wealth accumulation, access to credit and a built-in saving system. Home ownership also provides housing security and a connection to place. But many Americans may never own a home. The challenges for first-time home buyers, skewed worse for minorities, include … [Read more...] about Between renting and home ownership.
The third way.
Many people may be familiar with the broader concepts of real estate development, but what effect does the way in which a project is financed have on the final outcome? For profit Property development has long been a business enterprise. Like all investment, it’s all about risk and reward. For-profit developers take all the risks in order to obtain the greatest … [Read more...] about The third way.
Hello, Neighbor.
Max Levine's organization, NICO (Neighborhood Investment Company), has a mission “to localize wealth creation and broaden access to neighborhood equity.” The Los Angeles neighborhood Max lives in, Echo Park, has an income average of $40,000, whereas the average home is valued at $900,000 – an enormous discrepancy. Max and his business partner, John Chaffetz, began exploring the … [Read more...] about Hello, Neighbor.
Quadruple the pace.
Housing shortages are not a new thing in California. California has suffered from housing shortages since the 1970s. By 2018, the shortfall was estimated to be at around 3 - 4 million. This shortfall is at all levels of affordability but especially so for low- and moderate- income people. According to the annual report by the Department of Housing and Urban Development, the … [Read more...] about Quadruple the pace.