For decades Chinatowns all over North America have been at the vanguard of community ownership. These neighborhoods were established during a time when East Asian communities faced discrimination elsewhere, leading families and merchants to band together. They collectively acquired properties to provide homes and spaces for their businesses, fostering a sense of unity and belonging. However, these CLTs now confront new challenges, from aging buildings to the allure of these properties to external investors. The close proximity of Chinatowns to downtown areas brings both rising property taxes and constant offers from speculative investors. Our event will shed light on these issues and, more importantly, explore how emerging community land trusts are working tirelessly to address them. Register today and hear solutions hailing from cities such as Los Angeles, Toronto, and Boston. Host [[person 1]] Guest Speakers [[person 2]] [[person 3]] [[person 4]] This webinar is pay-what-you-wish. Pa
Racial justice advocates have been demanding for years that federal banking regulators use their authority under the Community Reinvestment Act (CRA), enacted in 1977, to assess whether banks are meeting the credit needs of all racial groups equally. Regulators ultimately did not meet that demand under the new CRA rules and regulations issued on October 24, but there is still a lot to talk about. Under the existing rules, banks get CRA credit for $300-$400 billion a year in loans made to low-to-moderate income households or in low-to-moderate income communities across the country. That’s a higher annual spending than HUD or the Department of Transportation or the Department of Education. Those billions of CRA-qualifying loan dollars include loans for single-family and multi-family residences, small businesses, small farms and community development. After several years and now two White House administrations, the newly updated (but still race-neutral) rules and regulations w
Join Next City for a roundtable discussion between Oscar Perry Abello, senior economic justice correspondent, and Lyneir Richardson of The Chicago TREND Corporation. These two experts will share their insights into urban development, economic justice, and entrepreneurship. Audience members can expect to hear about experiences, lessons learned, and strategies for building more equitable and prosperous urban communities. Richardson will discuss his work with Chicago TREND, a social enterprise working to advance strategic commercial development for Black communities in Chicago and beyond. Since its founding in 2016, Transforming Retail Economics of Neighborhood Development has become a big beneficiary of securities law changes that went into effect around that same time. With these changes, it’s become easier for non-wealthy people to participate in private investments that were previously reserved for the rich. Through this level of stewardship, Richardson and TREND have made