Issue Position: Housing
From San Francisco's Bay View Hunter's Point neighborhood to the 9th Ward in New Orleans, affordable housing is in extremely short supply and gentrification is displacing hardworking residents who have called these neighborhoods home for decades.
In San Francisco, the average rent for a two-bedroom apartment is more than $2,000. The average cost for a home? A whopping $800,000. Rising fuel and food prices and higher cost of living are also making it harder for working class residents to sustain a reasonable standard of living. In addition, the redevelopment push in BVHP is threatening one of San Francisco's greatest strengthsits diversity. Recent newspaper reports have highlighted an exodus of African Americans and their families from the city, with numbers dropping from 13.4 percent in 1970 to about 6.5 percent in 2005, according to the U.S. Census Bureau.
Our neighbors and community members must not lose their homes to real estate speculators and developers. I strongly advocate for any measure that guarantees a one-for-one replacement: for every affordable home that is lost, another must take its place. I also urge assistance for working- and lower-class people who are losing their homes and have fallen victim to predatory lenders.