The City of Berkeley is trying a new, cheaper approach to boost affordable housing for locals – helping a local non-profit buy and fix up existing housing stock.
The council authorized the sale of $40 million in general obligation bonds to support affordable housing and referred millions to address houselessness.
A seldom-used housing model is gaining steam across the country, particularly in communities where tenants are facing higher rents and possible displacement. Newshour Weekend’s Ivette Feliciano speaks with housing advocates and residents in California, who are partnering with community land trusts to make their housing affordable in perpetuity. The story is part of our ongoing series, ‘Chasing the Dream: Poverty, Opportunity and Justice in America.’
California Puts up $500 Million for Community Ownership Against Big Real Estate nextcity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nextcity.org Daily Mail and Mail on Sunday newspapers.