By a 4-1 vote, the City of Richmond passed a rent control and just cause eviction law on Tuesday, July 21. A broad coalition of tenants, labor allies, homeowners and progressive community groups packed the hearing chambers as Vice Mayor Jael Myrick joined Councilmembers Jovanka Beckles, Eduardo Martinez and Gayle McLaughlin in casting the votes to pass rent control.
The City of Richmond is working with a group called Mortgage Resolution Partners. This company looks at underwater mortgages and offers the current lenders – banks, mortgage companies – to take the property off their hands at its current lower value and then lower the mortgage payments for the family living in the house.
The Bayview, which was once 70 percent Black, has been increasingly fighting a high rate of foreclosures that is resulting in yet another form of gentrification. Wells Fargo Bank has been responsible for many of the foreclosures in the community. Help your neighbors by joining the Stop the Wells Fargo 27 Holiday Foreclosure and Evictions campaign.
Mayor Gavin Newsom claims the most important item on his agenda is the revitalization of Bayview Hunters Point. Illustrating his editorial is this picture of a Black woman laborer. She is likely to be the only Black worker on any Hunters Point construction if things do not change. I propose an anti-gentrification subsidy of affordable housing and jobs for all residents displaced or in danger of displacement.