By Maria Krysan & Allison K. Bethel (click here for the PDF) In November 2020, the nation’s largest real estate trade association, the National Association of Realtors®(NAR), formally and publicly apologized for its role in contributing to racial inequality: “What Realtors® did was an outrage to our morals and our ideals. It was a betrayal of our commitment to fairness … [Read more...] about “A New Vision for Fair Housing in the Real Estate Industry – Part 1: How the Housing Search Process Perpetuates Segregation” by Maria Krysan & Allison K. Bethel (May – Sept 2021 P&R Issue)
Fair Housing & Community Development
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A PRRAC Policy Brief (April 2021). Excerpt: "The movement to shift more of our housing resources out of the private for-profit market and into the social housing sector has gained momentum in recent years, with growing housing insecurity, unsustainable rent burdens, expanding homelessness, and gentrification pressures in many American cities. The benefits of expanding the … [Read more...] about What Can HUD Do to Expand Public and Community Ownership of Rental Housing? (PRRAC, April 2021)
Another option for increasing public ownership of private properties is the use of community land trusts (CLTs). These organizations are typically nonprofit entities that acquire land and convey the land to building owners through a ground lease. By owning the land, CLTs ensure that properties sited on the land are affordable in perpetuity. Historically, private groups … [Read more...] about Public or Community Control of Rental Housing Policy Brief No. 3: Community Land Trusts and Other Public Ownership Vehicles (PRRAC, October 2020)
The King County Housing Authority (KCHA) in Washington State has used eminent domain as part of its affordable housing strategy. Under Washington State law, public housing authorities are authorized to use eminent domain to acquire housing projects within their area of operation. KCHA has used the threat of eminent domain to encourage owners to sell affordable multifamily … [Read more...] about Public or Community Control of Rental Housing Policy Brief No. 2: Using Eminent Domain to Acquire Private Rental Housing – Recent Examples (PRRAC, October 2020)
The District of Columbia’s Tenant Opportunity to Purchase Act (TOPA) was enacted in 1980 and is designed to help tenants stay in their homes if an owner decides to sell their rental property. Under TOPA, tenants in multi-family buildings with 5 or more units have the right of first refusal. Under this provision, the owner of a rental property must offer tenants the option to … [Read more...] about Public or Community Control of Rental Housing Policy Brief No. 1: Right of First Refusal – Tenant Opportunity to Purchase Acts (PRRAC, October 2020)