Steven O. Kimbrough | Penn should create benefit corporations to counter gentrification
(10/25/22 4:38pm)
Penn and its neighbors are facing a significant gentrification event with the reported plans to sell University City Townhomes, a stable and successful low-income housing complex. Creating a benefit corporation (B corp), a specially chartered for-profit corporation with an additional legal obligation to produce public benefits of identified kinds, could do the job of not only preserving the Townhomes, but also improving them.