Gentrification and the Housing Affordability Crisis in Context

WASHINGTON, April 16, 2020 /PRNewswire/ -- Our Money published a piece entitled The Bloodless Conquest: The Gentrification of the Black Community, providing an overview of the rise of gentrification and the housing affordability crisis, as it relates to the Black community. This piece is meant to:

1) Help provide the Black community with a sense of clarity as to the larger historical forces which has led to rampant gentrification, the erosion of black urban cultural centers, and the rise of growing housing insecurity,

2) Illuminate the ideological forces which have left this community vulnerable to predatory lending and housing insecurity, and

3) Present a framework for reclaiming the legitimacy of exercising democratic power on behalf of the public interest.  Equipped with this framework, the hope is that the Black community will be better able to assert greater community control of its housing destiny and of its neighborhoods.

Our Money founder, Delman Coates has stated, "as I travel the country talking to audiences about Our Money platform, one of the issues that is raised time and again is the issue of housing affordability and gentrification. Not only are people being chased out of their own neighborhoods, but a lot of the time they don't quite know why they are being asked to leave. The Our Money Campaign grew out of my experience as a pastor during the foreclosure crisis when I saw so many of my parishioners get put out while Wall Street got bailed out. That's actually what provoked me to dig deeper and try to learn more about the economy. So it is very gratifying to be able to release this piece which very much brings me full circle to where I started, trying to understand what was happening with housing in my community."

About Our Money

Our Money is a campaign which seeks to popularize an understanding of the importance of our public power of money creation and demand that it be used on behalf of the public to the fullest extent responsible, rather than diverted towards private interests.

Contact for inquiries: 
Tomeka B. Scales, Ph.D.
Program Director 
Our Money
www.ourmoneyus.org
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