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This doesn’t fight gentrification, it is gentrification. The people who would be able to pay into this scheme aren’t the types who need to worry about their neighbourhood becoming so ‘improved’ that they can’t afford to live there anymore.
Exactly. I live in an area being gentrified. I hate that anything nice means I won’t be able to keep living here but I can’t afford to live somewhere with nice things
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Everywhere I move in Ohio winds up gentrified if it isn’t bumfuck nowhere. Like fuckin hell there’s not even bus service out this far and the landlord is trying to gentrify. I used to live in a place with street dealers, apartment fires, and pest infestations and now that neighborhood has luxury housing. This wasn’t long ago, they were building it when I moved out mid pandemic
The only way that neighborhoods can protect themselves from gentrification is through community land trusts. These are horribly complex to setup and require the purchase of property which is very time consuming. The communities that need CLTs the most are the least likely to have the resources to form one.