Predatory Equity by the Center for Urban Pedagogy
Predatory Equity: The Survival Guide Is a beautifully useful product of the Center for Urban Pedagogy in NY’s Making Policy Public
project that links designers with advocates in order to produce and
distribute an artful and useful poster resource that will help advance
grassroots campaigns. Here is a description of this poster project in the Center’s own words:
During the boom, a new breed of
speculator used private equity and oversized bank loans to buy up
affordable housing. They tried to make a quick profit by converting it
to luxury housing – putting over 65,000 families and their affordable
apartments at risk. Post-crash, these predatory equity speculators
can’t pay off their loans or sell their buildings. Foreclosure looms.
Predatory Equity: The Survival Guide explains the financial mechanics
of predatory equity and how to prevent it from happening again in the
next boom. It provides tenants, advocates, and policymakers with
information on tools like loan modifications and preservation short
sales to save the hundreds of buildings in imminent danger of
foreclosure.
The poster was produced through a collaboration between Tenants & Neighbors, the Urban Homesteading Assistance Board, and Glen Cummings.
Posters are available for purchase on the Center for Urban Pedagogy website.
Or you can download the poster as a pdf for free here.
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