Neighborhood Investment Trusts are giving low-income households a chance at ownership

From the Spring 2021 issue of the Stanford Social Innovation Review (SSIR):

Building an American Ownership Society

Neighborhood investment trusts can help create more inclusive economies in cities and restore the fabric of US democracy.

“Today, the accumulated racial wealth gap faces another inflection point. A post-COVID-19 land grab is imminent, as affluent speculators eye foreclosures and cash-strapped property owners in poorer or transitioning neighborhoods.2 These financiers are not just wealthy individuals on buying sprees but also institutions of investment and wealth building, including massive real estate investment trusts in which poor families have no stake. American democracy will once again be tested. Will working families and people of color finally get their fair share?

As it happens, entities that can help address this inequity are arising. ”

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