City Of The Future

Cities across the U.S. are suffering from dire housing crises. Housing supply is low, and prices are high — in some cities, sky high. And wages and income aren't keeping up. Many struggle to make rent, let alone save for a home. So it’s no wonder that affordable housing programs often focus on getting people into homes — people need help now. But we also need long-term solutions that could help renters generate wealth they could pass on to their families and children. In other words, as essential as affordable housing is, it isn't enough on its own to close the wealth gap, which in the U.S. is particularly stark between Black and White Americans. In the first episode of our new season of City of the Future, we talk to the founders of Esusu and Portland’s Community Investment Trust and explore new economic models that could help renters, particularly immigrants and new arrivals, become home or partial building owners — and have the opportunity to access multi-generational wealth as a result. In this episode