Corporate-owned landlords are buying up more single-family homes in Sun Belt cities like Charlotte, which expands an affordability gap among Black households. Institutional investors often resort to predatory tactics as landlords, including higher eviction rates, hidden fees, aggressive rent increases and embracing gentrification to increase long-term profits. From The Charlotte Post.
Read MoreIf Charlotte is to address its home affordability issues, it must do more to preserve its current stock of aging homes, not just build new affordable units. Organizations like Rebuilding Together of Greater Charlotte that provide critical home repairs and accessibility modifications tackle gentrification and displacement by allowing homeowners to age in place and stay in their communities.
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