TED Talks Daily How to revitalize a neighborhood -- without gentrification | Bree Jones
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Sep 30, 2022 Bree Jones dives into the complexities of the housing market, highlighting the struggle against gentrification in neglected neighborhoods. She shares her journey from Wall Street to community advocacy, focusing on sustainable homeownership. Innovative development strategies in Baltimore are showcased, promoting affordable housing and the preservation of long-time residents. Ultimately, the conversation emphasizes revitalizing communities while maintaining their unique identities.
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The Black Butterfly
- Bree Jones describes Baltimore's Black Butterfly, a historic neighborhood with vacant, negatively valued homes.
- The cost to repair each home exceeds market value, highlighting a broken housing market.
Racist Housing Policies
- Bree Jones discusses the history of racist housing policies like redlining and urban renewal.
- These policies have caused a downward spiral of disinvestment and decay in many Black communities.
Rejection and Parity's Founding
- After facing rejection from investors, Bree Jones realized she didn't need big institutions to validate her community's value.
- This led her to found Parity, a non-profit focused on creating homeownership opportunities through social networks.