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Originally Posted by ardecila
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So, the answer is that they don't want private investment. But they have tolerated new SFH because practically there is no good legal tool to stop SFH construction, and because the end result is ideally a Black middle-class household staying in the neighborhood and gaining control over the land. This bias seems to be pretty widespread in the Black community, not just in Woodlawn, which is why the only private investment in Bronzeville is SFH and townhomes and the only apartment construction is led by nonprofits or CHA.
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Not sure how this would work, but I wonder if some kind of co-op type structure could be leveraged. Something that would give a kind of ownership and a stake in a building without fear of rising rents. Because I imagine part of the problem local leaders face is fear that new multi-family will be in the hands of outsiders and if successful will lead to rising rents that price people out. With no solution for this, they opt to do nothing. This kind of thing wouldn't be for everyone, but maybe with some outside the box thinking, trying a mix of models could help move things along.