Preserve culturally significant AAPI neighborhoods and communities at risk of displacement

    Ensure existing residents and community businesses benefit from equitable Transit Oriented Development investments rather than face displacement.
    • Mandate a land use analysis for investments, as well as a baseline of affordable housing, technical assistance, and access to capital for community businesses.
    • Revise the definition of eligible uses of FTA “transit-related funds” to include affordable housing and eTOD planning.
    • Create incentives for the disposition of temporary properties during construction and other existing transit agency owned and public properties to be made available for 50% affordable housing.
    • Create greater community accountability in environmental assessments such as requiring community benefits agreements, planning engagement, equity scorecards, and neighborhood area plans.
    • Provide mitigation for neighborhoods disproportionately impacted by highway and other federal transit development construction, especially pollution and other toxics resulting from federal projects.
    Require funded community engagement processes in any publicly supported or tax credit development projects incorporating work with local community organizations, impact scorecards, and baseline community benefits.
    • Require local municipalities to issue meaningful notifications of upcoming developments, including to stakeholder community organizations in the area.
    • Invest in linguistically and culturally appropriate public education and engagement around planning process (potentially require 10% of project costs to be invested toward this).
    • Shift resources that currently exist for local governments to conduct outreach around planned developments to local area nonprofits.
    • Require an impact analysis based on socio-economic factors along with environmental impact, adding language specifically about potential impact on culturally significant communities.
    Create a national hot markets program to address displacement of low-income renters and small businesses.
    • Create incentives for cities to establish meaningful inclusionary zoning and rent control measures to prevent displacement of low-income residents, including guidance to prioritize at least 50% use of public land for fair access to affordable housing in hot markets
    • Create a Cultural District designation that implements a series of protections for neighborhoods which serve as economic survival hubs for low-income communities of color.
    • Invest in housing preservation through tenant services and education to stabilize housing stock, including increased flexibility of CDBG funds in hot markets.
    • Create a national Section 8 Stabilization Program that extends or makes permanent contracts and increases vouchers in “hot market” cities.
    • Improve regulation of home sharing companies such as AirBnB to protect existing affordable housing and ensure it does not replace long term affordable rental housing in hot markets.
    • Develop guidance defining “hot market” neighborhoods under the Affirmatively Furthering Fair Housing Rule to guide prioritization of affordable housing investments.
    • Support community businesses through a Community Business Tax Credit for relief on rising rents and real estate taxes.
    • Create a Renters Tax Credit, particularly applicable in “hot market” cities with the goal that low-income renters pay no more than 30% of income toward rent with an income eligibility of 60% or below of the local median income.
    • Create an anti-speculation tax on properties to reduce property flipping schemes, and investigation into predatory equity firms for violations of housing rights.
    • Create an Office of Racial Equity within the U.S. Department of Housing and Urban Development to ensure Title VI of Civil Rights Act is upheld. The Office would provide oversight, impact analysis, and evaluation of programs for communities of color.