CONTACT: Carlos Valenzuela, (210)-207-3919
Brandon Frazier, BFrazier@groundedsolutions.org
SAN ANTONIO (June 10, 2019) – Indianapolis (IN), San Antonio (TX), and Winston-Salem (NC) were selected to develop housing policies for lasting affordability, displacement prevention and neighborhood preservation as part of ‘ForEveryoneHome: City Solutions for Housing Equity,’ announced today by Grounded Solutions Network, with support from the Ford Foundation.
Comprised of community-based leaders and municipal officials – operating as a three-city cohort of equal stakeholders to democratize the policy-making process – the 18-month initiative is designed to engage and support cohort cities’ lower-income residents and communities and help counter the impacts of past policies and practices like redlining, race-based restrictive covenants and predatory lending.
“A city’s prosperity is strengthened when quality housing is available, accessible and has lasting affordability for all residents,” said Grounded Solutions CEO Tony Pickett, noting how the cohort cities vary in regional geography but share similar demographic traits in projected population growth, income disparities and neighborhood redevelopment. “ForEveryoneHome will advance inclusive housing policies not only for Indianapolis, San Antonio and Winston-Salem, but it will also eventually serve as the basis for new affordable housing policies and practices nationwide.”
Chosen from a nationwide application and rigorous evaluation, assessment and interview process, elected leaders view ForEveryoneHome as an opportunity for cities to chart a path toward inclusive growth through lasting affordability.
“San Antonio is one of the fastest growing cities in the nation, as well as one of the most economically segregated,” said San Antonio Mayor Ron Nirenberg, sharing how 50% of San Antonio renters and 1 in 5 area homeowners are cost-burdened. “Rapid growth is accelerating increases in housing prices and threatening to displace residents in changing neighborhoods. An adequate supply of affordable housing for newcomers and long-time residents is absolutely necessary for San Antonio to prosper in an equitable way.”
Nationwide, over 5 million housing units are at risk for conversion to high-end housing, while apartments deemed ‘affordable’ to very low-income households fell by more than 60% during this decade. “Proactive strategies for lasting affordability will help stabilize and protect neighborhoods in mixed-market cities before displacement pressures become too great,” explained Pickett, adding that ForEveryoneHome will focus on housing policy through a structured policy-making process, allowing communities to ‘get ahead of the curve’ of neighborhood change with an inclusive growth and anti-displacement agenda.
“New local housing policies should prioritize shared equity housing models which have proven effective in serving existing working families, allowing them to significantly build wealth and experience real prosperity.”