Search Climate Insights Directory
90 results
Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System
The report alleges that Blackstone, the largest landlord in the U.S., has exploited housing shortages to maximize returns. It highlights significant rent increases in San Diego, a shift toward increased evictions after 2022, and the use of investor capital to fight rent control initiatives in California. Additionally, the document examines Blackstone's use of RealPage's YieldStar software amid allegations of industry-wide price-fixing.
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Document type: Report
The Climate Crisis Domino Effect
The report examines how the increasing frequency and severity of climate-driven disasters lead insurance companies to raise premiums or withdraw coverage, particularly in high-risk areas of the US. This process creates a 'domino effect' where the lack of affordable insurance makes homes unmortgageable, reduces property values, and increases homelessness. The authors highlight a cycle where insurers profit from these increases and reinvest in fossil fuels, further exacerbating the climate crisis. The document warns that widespread mortgage defaults and the devaluation of lender security could lead to a systemic financial crisis with global implications.
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Document type: Research paper
HELTER SHELTER: How Blackstone Contributes To and Profits From California’s Broken Housing System
The report argues that Blackstone, the largest landlord in the U.S., exploits the affordable housing shortage to maximize returns. In San Diego, Blackstone increased rents by 38% across 66 properties acquired in 2021, nearly double the market average. The document details Blackstone's use of RealPage's YieldStar software for rent setting, its financial contributions to defeat California rent control initiatives, and its shift toward resuming evictions after August 2022 to increase 'economic occupancy'.
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Document type: Report
Looming Deadlines for Coastal Resilience
The Union of Concerned Scientists analysis finds that climate-driven sea level rise will expose over 1,600 critical infrastructure assets in the US to disruptive flooding at least twice per year by 2050. Public and affordable housing are the most vulnerable assets, with a disproportionate burden falling on disadvantaged communities. By 2100, the scale of risk depends heavily on global emissions, with the high scenario potentially affecting 15,081 assets. The report recommends science-informed planning, scaled-up funding, and a focus on reducing historical inequities to build coastal resilience.
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Document type: Report
A Blueprint to Decarbonize Affordable Housing
Allston Brighton Community Development Corporation (CDC) is implementing deep energy retrofits (DER) at three residential properties in Boston to reduce energy consumption by an average of 55 percent across 103 units. By conducting portfolio-wide Capital Needs Assessments and leveraging a diverse stack of local and federal funding—including an expected $8 million in support—the CDC aims to eliminate on-site fossil fuel combustion and improve tenant well-being. The project utilizes guidance from RMI’s REALIZE-MA initiative and LISC’s 1000 Apartment Challenge to navigate the complex predevelopment phase and align with Massachusetts' climate goals and Boston's Building Energy Reduction and Disclosure Ordinance (BERDO).
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Document type: Case study
Community Benefits Agreements
The report examines Community Benefits Agreements (CBAs) as legally binding contracts between developers and communities to ensure equitable outcomes in energy transitions. Through nine case studies and an analysis of DOE, DOT, and EPA guidelines, it identifies critical failure points—such as lack of representative stakeholders and poor enforceability—and proposes best practices for planning, negotiation, and monitoring to better align project development with community needs.
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Document type: Report
TOOLS FOR TACKLING CORPORATE LANDLORDS
The report examines various legislative attempts to curb the growth of corporate landlords in the US, focusing on strategies to deconsolidate the housing market. It analyzes proposed and enacted measures such as ownership caps in North Carolina, excise taxes in California and Ohio, and right of first refusal laws in California and Colorado. While many of these bills failed in committee due to political opposition, the report highlights successful examples like Los Angeles's 'mansion tax' and Colorado's protections for manufactured housing residents as models for future housing justice efforts.
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Document type: Report
THE CIM GROUP: In the Headlines
The report details a pattern of negative publicity surrounding CIM Group, focusing on tenant mistreatment in Virginia, DC, and Colorado; the gentrification of minority neighborhoods in Los Angeles and New York City; construction defects in luxury towers; and ethically questioned business ties to Donald Trump and Jared Kushner. It further highlights the resulting pressure on public pension funds, such as CalPERS, to divest from the firm due to these controversies and past allegations of bribery involving placement agents.
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Document type: Report
INSTRUMENT ANALYSIS
Social Infra Ventures (SIV) is developing a model for affordable housing in Morocco that integrates climate resilience and gender-responsive design. The instrument utilizes a combination of equity and mezzanine debt to fund a pilot project of 250 units, with the long-term goal of listing its rental portfolio as a Real Estate Investment Trust (REIT) on the Moroccan stock exchange to create a self-funding mechanism for expansion. SIV targets secondary cities to reduce land costs and focuses on underserved populations, particularly women, by providing both rental and sale options and incorporating childcare and safety features into community design. Environmentally, the project adheres to IFC EDGE and Building Resilience Index standards to reduce carbon emissions and increase adaptive capacity.
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Document type: Report
aug-2023-letter-to-treasurer-folwell-2-19d4fb10d9bfc6d8.pdf
The Private Equity Stakeholder Project and Action NC urge the North Carolina State Treasurer to implement guidelines for housing investments to protect residents from corporate landlord practices. The letter highlights that the North Carolina Retirement System (NCRS) has invested billions in private equity firms like Landmark Partners, Blackstone, Meadow Partners, and Brookfield Asset Management, which are linked to aggressive evictions, poor maintenance, and steep rent hikes in North Carolina and other U.S. cities.
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Document type: Statement
Pathways to Equity and Savings for Low-Income Households
The report examines the financial and energy impacts of the US Departments of Housing and Urban Development (HUD) and Agriculture (USDA) proposing to adopt the 2021 International Energy Conservation Code (IECC). It highlights that transitioning to the 2021 IECC could reduce energy consumption by 27% and save $14,536 in life cycle costs per single-family home. The analysis emphasizes that all-electric homes are cheaper to build and operate than gas-powered homes, and that the Inflation Reduction Act's 45L tax credit—offering up to $5,000 for Zero Energy Ready Homes (ZERH) and $2,500 for ENERGY STAR certification—makes high-efficiency construction financially viable, particularly in the Southeast US.
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Document type: Report
Request for Input (RFI) on tenant protections at multifamily properties with mortgages backed by Fannie Mae and Freddie Mac (the “Enterprises”)
The Private Equity Stakeholder Project (PESP) argues that private equity ownership of rental housing increases risks to tenants, citing examples of steep rent hikes, inadequate maintenance, and abusive eviction practices by firms like CIM Group, The Blackstone Group, and Progress Residential. PESP recommends that the FHFA establish a public rental registry for beneficial owners, cap annual rent increases at 3%, mandate habitability standards, and codify tenant rights, including just-cause eviction and the right to organize.
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Document type: Statement
BLACKSTONE COMES TO COLLECT: How America’s Largest Landlord and Wall Street’s Highest Paid CEO Are Jacking Up Rents and Ramping Up Evictions
The report details how Blackstone, the largest landlord in the U.S., has aggressively expanded its housing portfolio by adding over 200,000 units in two years. It highlights a shift from a voluntary eviction moratorium to a wave of eviction filings in late 2022, often for minimal rent arrears. The document argues that Blackstone leverages legal loopholes in California to charge new tenants significantly higher rents than previous residents and has spent millions of dollars to defeat rent control measures. It also notes that a majority of Blackstone's properties are located in neighborhoods with high populations of people of color.
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Document type: Report
GreenLatinos Statement on President Joe Biden’s 2023 State of the Union Address
GreenLatinos supports President Biden's goals for clean energy transition and pollution reduction, emphasizing the need for the Inflation Reduction Act and Justice40 Initiative to benefit Latine and other communities of color.
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Document type: Statement
Submission to the Standing Committee on Heritage, Infrastructure and Cultural Policy of the Legislative Assembly of Ontario
The Canadian Partnership for Children’s Health and Environment (CPCHE) submits that Bill 23 may jeopardize child development by increasing exposure to air pollution and climate risks while eroding municipal capacity to maintain affordable housing and green spaces. The submission highlights that 40% of renters with children in Ontario are in core housing need and that green spaces are critical for mitigating heat waves and floods. CPCHE recommends revising the Bill to prioritize vulnerable renters, protect urban parklands and wetlands, and encourage walkable, low-emission community design to reduce traffic-related air pollution (TRAP), which is causally linked to childhood asthma.
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Document type: Statement
INVESTING IN THE HOUSING CRISIS
The report details how the North Carolina Retirement System (NCRS) has invested $3.25 billion in Landmark Partners, a firm that backs Progress Residential, the largest single-family rental company in the U.S. It argues that this investment supports a business model that squeezes profits from tenants through high rents, excessive fees, and neglected maintenance, while simultaneously reducing homeownership opportunities for working-class and Black residents in North Carolina.
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Document type: Report
US Homeowners and Lenders Face Rising Risks from Extreme Weather
The briefing highlights the growing financial threats to the US housing market from climate-related hazards, noting that over 79 million properties face wildfire risk and 14.6 million are susceptible to substantial flood damage. It emphasizes that low-income families and communities of color are disproportionately affected, citing that during Hurricane Katrina, homes owned by Black residents were three times as likely to experience flood impacts. The document advocates for the use of property-level climate data and the utilization of funding from the Inflation Reduction Act—which provides billions for climate justice, affordable housing resilience, and NOAA community efforts—to future-proof homes. It calls on regulators like the CFPB and FHFA to lead the industry toward climate-aligned housing standards and equitable financing solutions.
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Document type: Briefing
Principles-Based Social Taxonomy for Sustainable Investing
The report outlines a framework for a social taxonomy that classifies business activities based on their contribution to social well-being and governance. It establishes a system of minimum social safeguards as a mandatory threshold, followed by two Guiding Principles (GP1 for positive social impacts and GP2 for governance improvements). The taxonomy uses a color-coded performance scale (Red to Dark Green) to categorize companies and activities, providing illustrative examples across sectors such as construction, finance, and agriculture to guide investors and regulators in identifying socially sustainable investments.
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Document type: Report
MAKING BUILDINGS BETTER
The policy brief outlines the Build Back Better Act's (BBBA) allocation of $12.5 billion for building electrification and energy efficiency incentives, alongside additional investments for affordable housing and public infrastructure. It details specific rebate programs for electric appliances and energy efficiency retrofits, emphasizing support for low- and middle-income (LMI) households and underserved communities. The document argues that these measures, combined with updated building codes, will reduce greenhouse gas emissions, lower consumer energy costs, improve public health, and create hundreds of thousands of jobs in the U.S.
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Document type: Policy brief
Statement for the Record October 21, 2021 Hearing of the Senate Committee on Banking, Housing, and Urban Affairs How Private Equity Landlords are Changing the Housing Market
The Private Equity Stakeholder Project (PESP) testifies that manufactured housing, which comprises 6.3% of the U.S. housing stock, is increasingly owned by private equity firms and institutional investors. These owners leverage the limited mobility of residents—who often cannot move or sell their homes without significant loss—to increase rents and fees. PESP highlights YES! Communities as a primary example of aggressive eviction practices, particularly during the COVID-19 pandemic. The document calls for rent regulations, 'good cause' eviction laws, and paths toward resident or public ownership to preserve affordability and safety.
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Document type: Statement