Posts Tagged ‘rent increase’

A new Great Migration: the disappearance of the black middle class

After the great recession of 2008, inequality widened along racial lines as people lost their homes, often their only major asset. Earlier this month the Institute for Policy Studies, a Washington, D.C. think tank, reported in “Billionaire Bonanza: The Forbes 400 and the Rest of US,” that the average white family today has net assets of $141,900, compared with the $11,000 for African American families. This hollowing out of the African American family asset base is a nationwide phenomenon that can be explained by the shrinking African American middle class. It’s even more a factor in “strong market” regions like the Bay Area, where housing costs are soaring.

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Community members voice concerns over raising rents in Richmond

Dozens of Richmond residents come together to discuss the current issue of rent control. (Photo by Brittany Kirstin)

More than a dozen Richmond residents complained of big rent increases during a community forum last week. Richmond’s City Council enacted rent control legislation in July, and the controls were due to take effect in late August. Instead, the ordinance was suspended. Now, some Richmond tenants say they are suffering a consequence that nobody at City Hall may have intended.

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Richmond Progressive Alliance revives campaign for stronger tenant protections

Advocates for stronger tenant protections in Richmond received support last week when the Richmond Progressive Alliance (RPA) decided to join their efforts. The RPA is an influential political player in the city, with members—Jovanka Beckles, Eduardo Martinez, and Gayle McLaughlin—holding three of the seven seats on the city council. The group’s steering committee voted on Wednesday…

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