4.14 20-0141 Subject: The Moms 4 Housing Tenant Opportunity To Purchase Act
From: Councilmember Bas
Recommendation: Adopt An Ordinance Amending Chapter 8.25 Of The Oakland Municipal Code, Titled "The Moms 4 Housing Tenant Opportunity To Purchase Act," To Protect Oakland Residents' Ability To Stay In Their Homes Through A First Right To Purchase; On The February 25, 2020 Community And Economic Development Committee Agenda
Multi-generational Black Oakland homeowners and landlords have been under attack from unintended consequences of many of the City ordinances designed to curb abuses by out of town real estate speculators. Please do not suppress small Black property owners drive to "buy the block" and hand down inherited residential and security property. In crafting this ordinance, please consider the impact on sales between family members - parents to children, siblings buying out siblings after inheritance, transfers and sales between cousins, etc. Black families have fought to buy and hold this property through job and wage discrimination, residential and occupational segregation, redlining, disinvestment, lending discrimination and predatory lending. It is highly ironic, and heartbreaking, that some of the policies championed by racial justice supporters have as an unintended consequence the continuing displacement and wealth suppression of multi-generation Black Oakland property owners.
Multi-generational Black Oakland homeowners and landlords have been under attack from unintended consequences of many of the City ordinances designed to curb abuses by out of town real estate speculators. Please do not suppress small Black property owners drive to "buy the block" and hand down inherited residential and security property. In crafting this ordinance, please consider the impact on sales between family members - parents to children, siblings buying out siblings after inheritance, transfers and sales between cousins, etc. Black families have fought to buy and hold this property through job and wage discrimination, residential and occupational segregation, redlining, disinvestment, lending discrimination and predatory lending. It is highly ironic, and heartbreaking, that some of the policies championed by racial justice supporters have as an unintended consequence the continuing displacement and wealth suppression of multi-generation Black Oakland property owners.