The Limits of Limited Equity Cooperatives
Opportunities and Obstacles to Increasing Black Homeownership and Decreasing the Racial Wealth Gap in Washington D.C
Bibliographic Data
| ID | 7312693 |
|---|---|
| Authors | Julia Okun (London School of Economics and Political Science, corresponding author) |
| Year | 2024 |
| Volume | 32 |
| Issue | 2 |
| Pages | 238-260 |
| Publication date | 2024-04-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Community Practice (JOURNAL) |
| Journal identifiers | ISSN: 1070-5422 • E-ISSN: 1543-3706 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/10705422.2024.2356772 |
| OpenAlex | W4398294250 |
| Language | EN |
| Citations received | 3 |
| References cited | 22 |
This paper focuses on recent governmental initiatives in Washington, D.C. to bolster the long-term physical and financial viability of its limited-equity cooperative housing stock. Drawing on in-depth interviews with members of the DC Limited Equity Cooperative Taskforce, it interrogates the relationship between recent municipal housing policy and the growing asset-based racial wealth gap. The findings indicate that limited-equity cooperatives provide myriad benefits to their residents, yet ultimately fail to curb systemic limitations on black wealth in the property market and rectify historical patterns of racial disparity in the distribution of governmental resources. This paper argues that policy makers must proactively assess how new models of shared equity homeownership affect or even perpetuate racial disparities in wealth and continuously interrogate the structural impacts of affordable housing policy on the (re)distribution of resources in urban centers
Affordable housing · Business · Distribution (mathematics · Distribution of wealth · Economic growth · Economics · Equity (law · Geography · Inequality · Political science · Stock (firearms · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Urban, Neighborhood, and Segregation Studies · Finance
Grounded Theory
The color of law
White Fear, White Flight, the Rules of Racial Standing and Whiteness as Property
Whiteness and Urban Planning
Race, Class, and Politics in the Cappuccino City
The Politics of Staying Put
Limited-Equity Cooperatives for Low-Income Households
Race at the margins
Housing Inequality in the United States
Sharing Equity with Future Generations
Stability, advocacy and voice
Working with Strangers in Saturated Space
Making Home More Affordable
Grounded theory research
Extended-family resources and racial inequality in the transition to homeownership
| Unique citing works | 3 |
|---|---|
| Citations per year | 1,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |