by Beverly Aarons
Global pandemic, year one: Many businesses are shuttered or providing restricted service, but Seattle’s real estate market is still booming. We even have the most cranes in the sky — again. Despite the strained economy, Seattle housing prices continue an upward trend.
When thinking about Seattle’s construction boom, most people think of overpriced housing, gentrification, and the displacement of People of Color, especially Black and Indigenous. They most likely wouldn’t imagine a Black person as an emerging power player in that realm. But GardnerGlobal, Inc., a Black-run, privately held holding company that’s been around since 2009 is consistently challenging assumptions about who has the right and the power to take a slice of Seattle’s real estate pie. Its subsidiary, Onpoint — a real estate services company providing brokerage, HOA management, and development services — recently purchased Mount Calvary Christian Church and has a plan to develop over 200 units of multi-family, mixed-use housing. Forty percent of the units will be affordable, earmarked for renters earning 50–80% Area Median Income (AMI).
Continue reading GardnerGlobal Serves Up a Plan for Generational Black Wealth