City Of The Future

Cities throughout the U.S. (and around the world) are struggling with the many issues that come with neighborhood growth and displacement. But what if, instead of being negatively impacted by development, residents benefited from it instead? In this episode — part two of our two-part series on new models for wealth-building — we explore “neighborhood REITS,” a model that helps community members invest in local development projects. This innovative approach can help folks participate in their own communities’ growth, and as we see through the work of Albina Vision, it can also potentially begin to redress some of the racial inequities that have been baked into our housing system for decades. In this episode: [00:00 - 05:30] Local Portland artist Cleo Davis shares the struggles of gentrification that destroyed the legacy of his community in the historically Black neighborhood of Albina. [06:16 - 13:07] Marc Norman, associate professor in affordable housing, breaks down a new wealth-building model called a n