Our vision is to interrupt the patterns of displacement and gentrification in black and brown communities by providing a mechanism for the community to own land and compete with cash buyers to create affordable homeownership for legacy families.
Here to Stay Community Land Trust retains low- to moderate-income legacy households across Hermosa and parts of Avondale, Humboldt Park and Logan Square through affordable homeownership and communal ownership of the land.
Logan Square and Hermosa are mixed income and multi-ethnic communities on Chicago’s Northwest Side. While adjacent to Hermosa, Logan Square has undergone gentrification over the last 15 years and is now very different demographically, although 15 years ago they were quite similar. Now there is a great disconnect between what families in our Northwest Side communities can afford and current home prices and the rapid appreciation of home prices.
Logan Square, for example, lost 20,000 Latinx residents from 2000 through 2018 as home prices increased at an average of 8% per year, reaching a median single-family home price in Logan Square of $700,000 in 2017. In 2015, Hermosa’s Latinx population was 88% while Logan Square’s had fallen from 66% in 2000 to 46% in 2015. The percentage of high school graduates or higher was 62% for Hermosa and 88% for Logan Square. Median household income was $39,505 in Hermosa compared to $60,808 in Logan Square and $53,006 for Chicago as a whole.