Lesson Plan For The Future
Under all is the Data…
Generations of economic and demographic shifts—facilitated by public policy—have produced a hyper-segregated metropolitan landscape, enabling predatory lending structures in and devaluation of minority neighborhoods.
All this provides both an imperative and an opportunity for the real estate industry—supported by policymakers—to reimagine our built environment and reset current policy and practice toward that vision. To this end, these leaders must recognize the need to create more “communities of opportunity”—with full appreciation of the fiscal, social, and environmental benefits that doing so will yield for cities and regions. More than that, they need to embrace their role and responsibility in shaping that future.
There are five sets of structural market trends, and why they matter to our collective ability to create more prosperous, equitable, and resilient communities of opportunity.
- Separate and unequal: Persistent residential segregation is sustaining racial and economic injustice in the U.S.
- Modernizing family: America’s demographics are transforming, but our housing supply is not.
- Risky (housing) business: Distorted and destabilized housing markets are pushing households into climate-risky, low-opportunity communities.
- The office, reimagined: The nature of office work is shifting, and so must downtowns.
- Retail revolution: The new rules of retail call for small business empowerment.
Check out the article link below. Get ready for the normalization of the term Exclusionary Zoning, and a whole lot more.