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Hyper-Gentrification

Zoning For The Future In Northwest Arkansas

If this were the first city council meeting someone attended in Fayetteville, the construction proposal for The Hub would likely seem like a good prospect: seven stories of sleek new housing, in a city with desperate need for more of it, with 37 of its 312 apartments reserved as income-controlled ​“workforce units.” As the council members and a standing-room-only crowd listened on August 5, the representative from Chicago- based housing developer Core Spaces presented a plan that seemed almost ideal for the Northwest Arkansas college town.

There’s A Severe Housing Crisis In The US: The Work To Make Housing A Right

A new report, Billionaire Blowback on Housing: How concentrated wealth disrupts housing markets and worsens the housing affordability crisis, explains how the United States has entered a state of hyper-gentrification in which the average person has to compete with a large corporation when it comes to buying or renting a home. There are currently 28 vacant homes for every homeless person. Clearing the FOG speaks with Chuck Collins, a co-author of the report, and Mehrdad Azemun of Peoples Action, about the housing crisis, the vision for a homes guarantee and how people are working to make housing a human right.

Report: Billionaire Investors Are ‘Supercharging’ Housing Crisis

A new report out Monday puts "into numbers the trend that ordinary Americans have known to be true for years," said economic justice advocates behind the analysis: "Their everyday struggles of affording a home are made worse by the sweeping influence that billionaires have over the market." The Institute for Policy Studies (IPS) joined Popular Democracy in compiling a 71-page report titled Billionaire Blowback on Housing, aiming to get to the bottom of growing concerns in recent years about how Wall Street, as Democratic vice presidential nominee and Minnesota Gov. Tim Walz said earlier this month, is "buying up housing and making them less affordable."
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