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Open Access. Powered by Scholars. Published by Universities.®

2009

University of Maryland Francis King Carey School of Law

Property Law and Real Estate

Equity-stripping

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Putting Community Equity In Community Development: Resident Equity Participation In Urban Redevelopment, Barbara Bezdek Jan 2009

Putting Community Equity In Community Development: Resident Equity Participation In Urban Redevelopment, Barbara Bezdek

Faculty Scholarship

The special concern of this paper is to recalibrate the benefits and burdens of public-private partnerships as they remake inner city neighborhoods, by braking the rate at which urban land is being reclaimed from low-wealth residents by local government practices to disperse occupants, sweeping aside their tangible and intangible capital. Public oversight requirements have not kept pace with the dispossession, yet the costs that these development decisions impose on the social fabric of communities rend the shared networks necessary to residents’ abilities to meet basic social needs. This destruction of low-wealth communities is a form of equity-stripping, produced by local …