Special to Cal Matters by Madalin Barber
I’m a black grandparent, a homeowner, and a member of the Altadena Town Garden. I grew up in a single-family home and my husband and I have lived in our home in Altadena for over 20 years. Owning a home helped my family build wealth and provide stable, quality homes and gave us part of the American dream. However, state and local politicians are threatening homeowners in the black community by damaging single-family zoning laws.
During the big move, black Americans moved from the South to California for a better job and a better life. From the beginning, we understood that home ownership was essential for our financial well-being and independence. A member of my extended family bought a home in Altadena, a few miles north of Pasadena. Since then, we have prospered. That’s why we can still live in California. We are not renters who have to give 40% of their salary to the landlord.
Our home is a sanctuary where people know they can go home at any time, and we plan to give our home to our children so they can build their wealth. He also has a vested interest as a homeowner and is deeply involved in the community. Our home really gives us political power and a say at the table.
However, elected officials from California and US states and provinces have helped large developers plunge into intermediate and working-class color communities, destroy single-family homes and build expensive markets. I’m trying to change the zoning of a family-evaluate the apartment instead.That dangerous agenda is being rolled out in California through a Senate bill 9 And Ten, This eradicates the zoning of single-family homes and opens the door to predatory developers. Many are contributors to regular campaigns for state and local politicians.
Elected officials say more homes need to be built to address the crisis of affordable homes, but their detrimental agenda is based on a failed trickle-down policy. I am. They want to build expensive, market-priced apartments, claiming that rents will eventually fall. It’s ridiculous.
First, middle-class and working-class residents, especially those of color, have been hit hardest by the housing crisis. They need better quality, affordable homes rather than luxury apartments they can’t buy. Second, there is no guarantee that rent will decrease over time. Third, developers build on the cheapest land—usually in the working class community. When they build market-priced apartments, rents rise throughout the neighborhood, causing gentrification and long-standing low-income resident migration.
Perhaps worst of all, the influence of the politician’s trickle-down housing agenda could turn colored races into permanent renters. It deprives us of our ability to build wealth through our own homes, creates a large wealth transfer that benefits the landlords and real estate companies of companies that own new apartments, and probably charges very high rents.
Harvard Researcher Home ownership has proven to be important for building wealth and financial security for low-income residents and communities of color. Politicians must always consider the economic, cultural and political implications of land use policies on these communities and need to help more people of color take ownership of their homes. There is. Otherwise, they will actively help exacerbate the already troublesome economic disparities and deprive our families of the ability to build wealth between generations.
You need to defeat SB9 and SB10. Politicians endeavor to stop promoting trickle-down policies, first and foremost increase production of affordable homes, pass stronger tenant protection, and help more people of color enter home ownership. Must be.
Madalyn Barber is an Operations Specialist at Housing Is A Human Right, housinghumanright @ gmail.com.
Zoning changes could put a hurt on Black homeownership – Orange County Register Source link Zoning changes could put a hurt on Black homeownership – Orange County Register