Who Owns Newark – 91心頭 Vision, Dignity, Achievement Mon, 18 Dec 2023 16:29:20 +0000 en-US hourly 1 /wp-content/uploads/2020/03/2021-NCC-Logo-Site-Favicon-150x150.jpg Who Owns Newark – 91心頭 32 32 91心頭 Hosts Newark Convening of Building Healthier, More Equitable Communities Initiative /2023/11/new-community-hosts-newark-convening-of-building-healthier-more-equitable-communities-initiative/?utm_source=rss&utm_medium=rss&utm_campaign=new-community-hosts-newark-convening-of-building-healthier-more-equitable-communities-initiative /2023/11/new-community-hosts-newark-convening-of-building-healthier-more-equitable-communities-initiative/#respond Thu, 02 Nov 2023 15:28:50 +0000 /?p=31843 Photos by Tamara Fleming Photography.

91心頭 served as the host site for the Newark gathering of organizations and entities involved in the Building Healthier, More Equitable Communities (BHEC) initiative. The BHEC Newark Convening was held on Oct. 25 and 26 at Monsignor William J. Linder Plaza, 91心頭s corporate office location. The two-day event included participation from 91心頭, Newark Mayor Ras Baraka, Rutgers University Distinguished Professor of Law Dr. David Troutt, Urban League of Essex County, University Hospital and a variety of other organizations involved in the BHEC initiative.

The BHEC initiative, led by the with funding from the , aims to address the social determinants of health through changes to the built environment and the community investment system in four New Jersey cities: Asbury Park, Camden, Newark and Paterson. Those involved in the city teams for the four areas meet at convenings at each of the cities to delve deeper into the work being done in each location. Urban League of Essex County and 91心頭 guide the Newark team.

91心頭 CEO Simone Gagneron welcomed the group to Newark and provided a brief history of NCC. She explained the progress the organization has made over the past 55 years thanks to partners like the Reinvestment Fund and Robert Wood Johnson Foundation that support initiatives like BHEC.

BHEC has helped us engage with partners in our work in the community, and begin to make the case to funders and policymakers for additional investment and support in the communities we serve, she said.

Gagneron said gatherings like the BHEC Newark Convening allow for networking and for individuals to get a sense of the importance of their efforts.

I hope you recognize that without you and the organizations you serve, the critical change work that needs to happen wont happen, she said.

President and CEO Vivian Cox Fraser discussed her organizations efforts and how the BHEC initiative aims to have entities work together to tackle large issues.

Through our collaboration, we seek to address the widening chasm of economic inequality, concentrated in generational poverty, poor health outcomes and intractable inequities in health and opportunities, she said.

Dr. David Troutt, Distinguished Professor of Law and Founding Director of , served as the keynote speaker for the BHEC Newark Convening. He discussed CLiMEs work of addressing issues of structural inequality and systemic racism, which includes the report That research showed that about half of home purchases in Newark were made by institutional investors, primarily impacting neighborhoods with the highest proportion of Black residents and Black homeowners.

It was driving up prices, it was driving people out, making it harder to enter as new homeowners and, of course, it was inextricably increasing rents because the whole model is a passive income model with steady gains, Troutt said.

CLiME also looked into the issue of affordable housing for Newark and found that the city lacks an adequate number of affordable units.

The local measure determines that affordability in the city of Newark based on household income for renters would be $763. And if thats what affordable means, we need 16,000+ units, he said.

Newark Mayor Ras Baraka talked about how the lack of housing in New Jersey and nationwide is the source of many of the problems residents face.

Housing is the number one issue in this country, he said. Theres just not enough of it.

He said the lack of housing in the suburbs directly affects cities like Newark because those who grow up in the suburbs cant find affordable housing options in their hometowns. Because of that, they move to cities like Newark which have cheaper housing options than where they grew up and often where they work. Those individuals then become part of gentrification, not because theyre looking to displace people but because they dont have other options.

Baraka praised those in attendance for their efforts and said he hopes the work continues because Newark and cities like it need investment in housing, affordable housing and neighborhood health care facilities.

Dr. Colette Barrow Adams, Executive Director of Community and Population Health at , and Jill Crawford, Principal at , talked about the collaboration between the two entities to develop 78 units of affordable housing with an 8,000-square-foot health clinic on the ground floor. The project includes 16 units of supportive housing for those experiencing long-term homelessness or housing instability. University Hospital refers patients to the supportive housing units and will run the health clinic, which will be a medical practice open to all.

91心頭 Director of Community Engagement Richard Cammarieri moderated a panel discussion with Newark Deputy Mayor Allison Ladd, and President and CEO Marcus Randolph and and CEO Evan Weiss. The group discussed examples of collaborative and cross-sector strategies to advance equity that are happening in Newark.

Attendees of the BHEC Newark Convening also participated in group discussions to talk about successes and challenges they have experienced in their work as well as a bus tour of sites throughout Newark and a reception at , a Newark-based art gallery.

More information about the BHEC initiative can be found at .

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91心頭 Director of Community Engagement Participates in Press Conference 91心頭 Who Owns Newark /2022/05/new-community-director-of-community-engagement-participates-in-press-conference-about-who-owns-newark/?utm_source=rss&utm_medium=rss&utm_campaign=new-community-director-of-community-engagement-participates-in-press-conference-about-who-owns-newark /2022/05/new-community-director-of-community-engagement-participates-in-press-conference-about-who-owns-newark/#respond Fri, 13 May 2022 14:17:52 +0000 https://72375d9a61.nxcli.io/?p=21070 91心頭 Director of Community Engagement Richard Cammarieri spoke at Newark Mayor Ras Barakas press conference on May 4 regarding the issue of corporations purchasing homes in the city and converting them into rentals. The press conference was in response to Who Owns Newark, a research report authored by David D. Troutt, Director of the Rutgers Center on Law, Inequality and Metropolitan Equity (CLiME). The report found that almost half of all real estate sales in Newark were made by institutional buyers.

While legal, the ramifications of bulk corporate ownership are farreaching in the city, according to officials. Rents rise, homeownership decreases, affordable housing is less available and renters are displaced, all of which lead to less stable communities.

Just because somethings legal doesnt make it right. This acquisition, as the report points out, leads to a great deal of harm in our neighborhoods, particularly racially inequitable harms in terms of rents rising, displacing the residents, evictions and lowered opportunity for homeownership, explained Cammarieri, who is also Chair of the Newark Community Development Network and a member of the Equitable Growth Advisory Commission. These are all things that are harmful and thus they should be considered wrong, no matter how legal they might be.

In an effort to combat the effects of these purchases, Baraka outlined proposed policies, including making it unlawful to solicit offers without the residents permission, making sure LLCs provide contact information when purchasing properties, imposing fees on property owners and landlords who increase rents more than 5 percent year over year, adding a deed restriction to all city-owned and Land Bank properties to require them to be affordable and meeting with investors, developers of color and community development corporations to develop strategies to invest in under-invested and disinvested communities in Newark.

In cities and even suburbs across America, institutional investors are eroding the American dream of homeownership as they convert owner-occupied homes into corporately owned rental units, Baraka said. In Newark, where we have worked hard for years to expand homeownership, we will do everything possible to combat this dangerous trend. The CLiME report signals that Newark must create stronger and more equitable laws, regulations and policies to ensure that residents share in the growth of our city.

Deborah Smith Gregory is Vice Chair of the Equitable Growth Advisory Commission and is a homeowner in Newarks South Ward. She said she has received phone calls about selling her home to investors and has seen many signs in her neighborhood advertising cash for homes. She also said she was unable to figure out the owner of a vacant home in her neighborhood that she was interested in purchasing for a family member.

While Smith Gregory said the actions of the investors arent illegal, she called them highly unethical.

It is not a good feeling to feel like were prey, she said.

Baraka said he would submit legislation to the municipal council for members to take action to combat the effects of corporate ownership and conversion to rentals.

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