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PROGRESS RESIDENTIAL AND THE RACIAL WEALTH GAP
The report argues that Progress Residential has extracted over $60 million in wealth from Hennepin County, specifically targeting starter homes in the historically Black neighborhood of North Minneapolis. This extraction occurred through home value appreciation and the collection of monthly rents, which prevented working-class families from building equity. The document also details systemic maintenance failures, high tenant fees, and the broader context of racial disinvestment in North Minneapolis.
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Document type: Report
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