Homeownership is a key indicator of economic and social success for American families. But for decades, structural inequities in land use policies and housing finance prevented many families from accessing homeownership because of their race, ethnicity, or national origin. Today any efforts to redress racial and ethnic homeownership gaps face a new obstacle: ownership of single-family housing is shifting from families to outside investors. Since 2015, millions of homes were sold by owner-occupants to investors for rental.
To address this alarming corporate investment activity, communities can tip the balance in favor of local residents with technology that reveals these hidden threats across local housing markets. Join Dr. George “Mac” McCarthy to learn about an innovative approach helping communities pull back the curtain on investor activity and tailor interventions with block-by-block precision. Explore proven strategies for preserving affordability, including community land trusts, and hear how local policymakers are using data to beat institutional investors at their own game.
Dr. George “Mac” McCarthy is president and CEO of the Lincoln Institute of Land Policy in Cambridge, Massachusetts. A nonprofit private operating foundation, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Mac’s achievements include establishing a partnership with Claremont Lincoln University, developing state-of-the-art technology that tells parcel-level stories of land use, and growing the organization’s global presence through its work in Africa, Asia, and Europe. Previously, Mac directed Metropolitan Opportunity at the Ford Foundation, where he administered a program focused on using homeownership to build assets for low-income communities.
About the Lincoln Institute
The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges.
Learn more at www.lincolninst.edu.