Oak Park gentrification: $5 million Aggie Square fund to protect tenants from displacement

By Alexandra Yoon-Hendricks | November 14, 2021 | The Sacramento Bee

…community advocates have repeatedly warned that those benefits may not be experienced by low- and middle-income residents and residents of color. Those concerns led to the creation of a sweeping Community Benefits Partnership Agreement* that would invest several hundred million dollars in Oak Park and Tahoe Park through new affordable housing, local hiring requirements, job training and eviction protections. As part of a deal reached with a group of local organizers called Sacramento Investment Without Displacement, the city is required to allocate $5 million from its housing trust fund and general fund to efforts that would alleviate resident displacement and stabilize the housing market.

Read more at: https://www.sacbee.com/news/equity-lab/article256557521.html#storylink=cpy


*Join Sacramento Investment Without Displacement for a Community Benefits Agreement Presentation on Dec 16. Attend to learn more about Community Benefits Agreements (CBA) and how they have significantly impacted other cities. We will also have a discussion on the CBA Ordinance for the City of Sacramento and what should be included as the Ordinance is being developed.


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