With alarming frequency, individuals, households, and entire communities are being displaced as a result of a growing wave of real estate investments – purchases that turn formerly affordable apartments across the Twin Cities region into upscale properties.
Led by the Minnesota Housing Partnership (MHP), a coalition of affordable housing nonprofits and affected renters worked with Twin Cities Public Television to create a 60-minute documentary entitled “Sold Out: Affordable Housing at Risk” on the topic of the loss of affordable housing.
CommonBond’s CEO Deidre Schmidt is featured in the film, as well as many other nonprofit leaders, renters, and other community representatives. Together, their voices lift up the stories of affected residents, showcase the community impacts of displacement, and highlight the urgent need to preserve private-market affordable housing.
“The hope for the future lies in a change in mindset. We have to start looking at affordable housing as critical infrastructure… We cannot assume that housing, particularly affordable housing, will be a natural byproduct of a healthy economy and a healthy society. We have to understand that housing is actually a key ingredient for a healthy economy and a healthy society, so we need to invest in it,” said Deidre Schmidt in the documentary.