Indianapolis Recorder, April 23, 2021, Report recommends Indy gets more aggressive to ensure equitable development, prevent displacement
A report released by the Department of Metropolitan Development and Grounded Solutions Network, a national nonprofit member organization, recommends the city enact policies such as making the new rent assistance program permanent and supporting the development of community land trusts to prevent displacement.
Displacement
A 2020 study from the National Community Reinvestment Coalition found Indianapolis was No. 12 on a list of the most intensely gentrifying cities from 2013 to 2017. The study identified 20 census tracts in Marion County that had “gentrified” in that time.
The recommendations:
1. Require displacement impact assessments for “significant” public and private projects that receive a certain amount of public subsidies.
2. Require leasing terms of affordability for a portion of units in any housing project that receives subsidies in areas where displacement pressures are growing.
3. Support the establishment of a community land trust, which can keep housing permanently affordable by buying land and maintaining control of it while selling or leasing homes.
