GentrificationProtestSigns640

EXCERPT: “There are two well-established and related trends at work behind the loss of affordable housing in Minneapolis: developers building new luxury apartments in mixed-income areas, and developers buying old buildings in those same mixed-income areas and then increasing the rent . . . To address the loss of low and moderate-income housing from these two developments, the city of Minneapolis has two general categories of policies at its disposal. There are those that promote the building of new affordable housing, and those designed to help preserve the existing stock. In Minnesota, one well-known policy option is off the table: There’s a state law pre-empting the ability of local government to impose rent control. That would be difficult to change or circumvent, but Inquilnxs Unidxs is pushing to start the process, with a ‘Rally for Rent Control’ set to take place Friday at City Hall.” FULLSTORY: http://bit.ly/2xv77ZJ