Reasons to be Cheerful: The City Owned by Locals

Reasons to be Cheerful, February 4, 2022, The City Owned by Locals

In South Bend, Indiana, a unique development model is putting ownership into the hands of hundreds of local residents — and giving big developers a run for their money.

“Renters are more vulnerable to displacement as their communities gentrify, and unlike owners, they reap none of the rewards that rising home prices and rents can bestow,” according to a 2020 study

by the National Community Reinvestment Coalition.