Rethinking affordable housing | Adam Walls | TEDxGrantPark

Why are underinvested communities underinvested? Adam Walls shares the history of laws preventing investment in certain neighborhoods of Chicago and his idea of how we can invest in underinvested communities.

Adam Walls is founder and CEO of the 5812 Group, a Chicago-based real estate investment company that specializes in affordable housing. Adam has a simple but bold way to tackle housing issues in under-resourced communities, using market-motivated investors and harnessing his passion for community.

[edwardrobinson]

Great History Lesson. Glad to see that there are some people who are trying to do good in economic distressed areas.

[JewellDWilliams]

This is a great talk. My favorite part is you researched the history then sought a solution. I am inspired.

[saavwafare]

Absolutely fantastic presentation on the WHAT and WHY of this eternally existent but never answer dilemma! Thank yo Aaron Walls for your hard work and I will be spreading this video abroad!

[jazzyjazzjazz]

Absolutely amazing speech Sir! I salute you for your bravery to speak on this topic. I think this video has changed my outlook on life and where I live forever.

[Pam]

This is such a good video. I've rewatched it a couple of times, and shared it on social media.

[lespetitsrugby]

Beautiful work Sir !!! TY for your patience, intelligence, leadership and fight for equality for minority groups !!!! You dont realise it, but your work has a massive IMPACT on people's lives, esp. the underprivileged. Writing from NZ and will use your wise words and work to also help those here in NZ that need help with housing and battle the obstacles erected to maintain inequality ❤❤❤❤

[hollybischoff]

Great talk and very thought provoking. Good job and God Bless you efforts.

[DPPZ]

There are too many regulations in the housing market as a result of NIMBYism. People think that they are entitled to tell others what they can and can't build on land near their land. If you wanna see what a housing market that works looks like you should look up Japanese zoning laws. The average cost for a house in America is about what you'll pay for a home right near the city center in Tokyo, which has one of the highest population densities of any city.

[davidlopezlive]

Although a good idea, i think the best way to implement the affordable housing strategy is to diversify the affordable housing units across a wide area. I’m mostly in favour of the 20% model where 20% of housing across a city is affordable housing therefore eliminating segregation altogether. Helping all communities become diverse

[deb]

Adam, thanks for caring and doing something about it! Lots of us desire to bring change, but to step out and do it is so courageous! Your family will be effectively changed because you did! Do you have a website with more info?

[fariedmaya]

God Bless you Adam... yess God bless you!!!

[madskillz]

I'm a hard working man in new YORK I'm trying to get out of the shelter

[yvonnehyatt]

Send this to Tony Robins, please thanks.

[prettyprudent]

Private Landlords on Craigslist get away with housing discrimination on a regular basis.

[KalmoniGroup]

Great insight. We at Lakeside City are trying but unable to achieve very low cost due to luxury specs deman of buyers for low price...

How do we meet the populace demand?

[PeterKontor]

6 years later, as a landlord of property in West Chicago, now landlords are becoming fully dependent on government. Requirements from the government are more and more ridiculous. Evictions take 6 months, and up landlords are underwater with their investment due to lack of responsibilities to pay tenants share of the rent. Tenats know the system very well to the point that they will stop paying at a certain time in order to prolong the eviction in winter months. This area is becoming to operate on socialism setup where tenants and landlords are becoming fully dependent on the government to stay above the water. Education is where all begin. I see on and on this cycle in those communities where children are growing up in poverty filth and no fathers. Single mom keep getting pregnant even tho they can't afford it in oder to get extra income from the government. They are selling their food stamps for cash I order to survive. I understand there are people who need help like people with disabilities but currently, this setup is only incentives people to not take effort to start improving their standards of living, only taking money from government social programs. We hear more and more stories of how people who know the system can make equal, if not more, median income from all government available programs without working.

[ridaamurad]

Its not that they have the right to live but rather the workforce that serves the folks who can afford it wouldnt exist if they didn't have affordable housing as they couldn't live within a manageable commute...so eventually that neighborhood would not have good service, etc

[zigor]

is there an equation for working out whether a house is defined as being 'affordable' i.e . what exact amount of available money you would need to earn minus debt and other essentials to be able to afford a house ? If not then your just conning people and the government

[Falandis]

This dude just raised my rent 400 dollars

[johnriley]

Funny that’s exactly how my people treated me when I told them this same thing