During the middle of the 20th-century, America’s urban cores were being gutted through fiscal attrition: tax dollars were being sent, for the first time, out and away from cities to subsidize suburban expansion. At the same time, private financial institutions were pulling their funding away from urban home-buyers, business owners and those wishing to refinance […]
Tag Archives: finance
What’s the cap rate, buddy? How to get development your community actually wants
A brief summary/disclaimer: All too often, terms like gentrification and displacement are tossed around, community residents are treated as passive actors, and the ensuing conflict between market-rate developers and affordable housing non-profits plays out in the media, like a spinning, frustrating wheel with no clear concessions or answers. At the end of the day, market-rate […]
