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Preserving Local Housing by Outbidding Out-of-Town Investors
Manage episode 409100486 series 3564837
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Is a Cincinnati response to out-of-town investors now a national model for preserving local affordable housing? On this episode of Brick by Brick, we’re diving into a solution created by The Port (short for Port of Greater Cincinnati Development Authority), in which an agency or non-profit effectively buys up affordable housing – competing against institutional or Wall Street investors – in order to maintain local control and preserve housing stock. Brick by Brick journalist Hernz Laguerre Jr. follows along on the homebuying journey with residents interested in buying some of The Port’s properties – known as the CARE portfolio.
Interview Guest: Laura Brunner, CEO of The Port.
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