Communities Take Development Into Their Own Hands

By Keith Schneider, The New York Times

street scene of Esters Orbit room


The cooperative strategy enables neighborhood groups to finance unconventional construction or renovation projects that banks and institutional lenders, which prefer strong cash-flow operations, won’t touch.

“It’s part of a robust movement for community control and affordable real estate, rather than enabling high-priced development at the whims of the market,” said Mohit Mookim, a lawyer at the Sustainable Economies Law Center, a nonprofit group in Oakland that helped develop the strategy.

Read full article here.

(Originally published May 13, 2024)

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  • Sustainable Economies Law Center
    published this page in In the News 2024-05-15 08:39:34 -0700

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