News

Housing Justice Movement Takes on the Barons of Real Estate

Proposition 21 Reaches Campaign Milestone with 3,421 Individual Donations, While Committees Representing Billionaire developers, investors funding the opposition raised millions from 141 contributors

November ballot measure that will limit rent increases and preserve affordable housing in California sees an influx of support and small donations as millions of Californians already struggling with the state’s high housing costs face further housing insecurity due to economic impact of COVID-19 pandemic

BusinessWire - Housing justice advocates and champions of Proposition 21, a November 2020 state ballot initiative that will limit unfair rents, keeping families in their homes and preventing homelessness, are pleased to announce they have reached a significant campaign milestone: 3,421 individual campaign donations, with an average contribution of $12.76, have been made in support of the initiative. Meanwhile, four committees supported by the most powerful players in Big Real Estate, including the California Apartment Association, the California Rental Housing AssociationEssex Property TrustAvalonBay Communities, and Equity Residential, have raised millions with a combined 141 contributions.https://www.businesswire.com/news/home/20200731005500/en/

Read the entire article here.

Instagram

@acce_action