Oakland moms strike deal with Redondo Beach’s Wedgewood
Redondo Beach-based Wedgewood Inc. will sell an Oakland-area home to a group of mothers protesting the company’s house-flipping business practices. Photo Redondo Beach-based business will sell home occupied by group protesting housing speculation A group of unhoused mothers that occupied an abandoned house in Oakland before being evicted by the Redondo Beach-based house-flipping company that owns the property announced Monday that the group had reached an agreement in principle to buy the home through an Oakland-area non-profit. Moms 4 Housing announced they would be purchasing the West Oakland home from Redondo Beach’s Wedgewood little more than a week after two of the mothers, Tolani King and Misty Cross, were arrested during an eviction carried out by the Alameda County Sheriff’s Department. The purchase will be facilitated by the Oakland Community Land Trust, a non-profit organization that buys homes with the aim of providing housing for low-income renters; The organization’s model does not provide for re-selling the land, but instead holding it in trust. According to its website, the land trust owns 22 single-family homes and three multi-unit/mixed-use properties, alongside…
Read this story on easyreadernews.com