On Our Radar

Business Insider, April 9, 2024, Miami Shows How A New Kind Of Gentrification Is Coming To US Cities The problem will likely get worse as the impacts of warming temperatures, rising sea levels, and more extreme storms worsen — and as millennials, who are concerned about climate risks, grow as a share of homebuyers. And Miami is […]

HousingWire, April 9, 2024, The Opportunity Cost Of Modern-Day Redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. But the true cost of redlining is still larger, and it’s counted in lost revenue,

Vox, April 10, 2024, America Is Full Of Abandoned Malls. What If We Turned Them Into Housing? Casciani ached for her town, which not only was dealing with the eyesore of the abandoned mall but also lacked enough vacant land to develop desperately needed affordable housing. Her nonprofit development group, PathStone, embarked on a complex

The New York Times, April 9, 2024, Banks Made Big Climate Promises. A New Study Doubts They Work. Two and half years ago, bankers and investors attended the United Nations climate summit in Glasgow, an annual event normally dominated by activists and policymakers. It was considered a milestone as the financial sector agreed to put

CBS News, April 8, 2024, Half Of Americans Struggling To Afford Housing, Survey Finds Many Americans are struggling to keep a roof over their head amid the high cost of housing in the U.S. About half of homeowners and renters said they have periodically struggled this year to afford their mortgage payment or rent, according

Yahoo! Finance, April 9, 2024, West Virginia Bars Citi, HSBC From Banking Contracts Over Oil Citigroup Inc., TD Bank, Northern Trust Corp., and HSBC Holdings have been added to a list of companies that State Treasurer Riley Moore’s office determined engage in such a boycott based on a review of each institution’s environmental, social and

Fast Company, April 8, 2024, Housing Market Affordability Is So Strained That Home Depot Is Selling Tiny Homes For $63,000. In response to the escalating strain on housing affordability, Home Depot, a leading home improvement retailer ranked No. 20 on the Fortune 500 list, has continued to launch a range of tiny homes and Accessory Dwelling

Penn LDI, April 8, 2024, Despite Broad Efforts, U.S. Health Equity Gap Continues To Grow Despite broad efforts since 2009 to increase the availability of health insurance and access to health care for underserved populations, low-income people are remaining sicker than higher-income people and that health inequity gap continues to grow. That’s according to José Escarce,

The New York Times, April 5, 2024, New Report Reveals N.Y.C Areas Most Hurt By Environmental Inequities Nearly half of the city’s population lives in what the report describes as an “environmental justice area.” (It determined these areas, which typically have histories of societal neglect resulting in elevated levels of pollution and health issues, using

Grist, April 5, 2024, In Chicago, One Neighborhood Is Fighting Gentrification And Climate Change At The Same Time The building is an example of what urban planners call Transit-Oriented Development, or TOD. The idea is that developing near transit stations leads to interconnected communities and fewer cars emitting carbon dioxide. Developers get incentives and neighbors get

AL.com, April 7, 2024, Historic Redlining Still Affects Cancer Care Today, UAB Researchers Find The study, by lead author Dr. Qasim Hussaini, an oncologist and researcher at UAB, looked at a range of outcomes in almost 200 cities where the government rated neighborhoods for mortgage lending in ways that discriminated against minorities. The practice that

Yahoo! Finance, April 7, 2024, Banks Are Building More Branches For The First Time In A Decade Last year banks added 94 net new branches across the US, according to new data released this week by the Federal Deposit Insurance Corporation. That was the first annual period since 2012 they opened more than they closed.

Daily News, April 7, 2024, Sen. Schumer Expresses Concern Over Capital One Merger With Discover  Senator Majority Leader Chuck Schumer is voicing concern that Capital One’s planned acquisition of Discover could cause inflated costs for credit card users in New York City and beyond. Schumer’s press releases included a copy of a Sunday letter he

The Washington Post, April 5, 2024, Court Clears Path For Reopening Antitrust Probe Of Realtors Group In a 21-page opinion, a panel of the U.S. Court of Appeals for the District of Columbia Circuit reversed a lower-court decision that the Justice Department was barred from reopening its investigation because of complications arising out of a

90.5 WESA, April 2, 2024, Book On Slavery’s Wealth Touches Prominent Pittsburgh Philanthropists “The Stolen Wealth of Slavery: A Case for Reparations,” by journalist David Montero, tells the story of several modern-day corporations founded on profits from slavery. The companies include Citibank, Bank of America and investment bank Brown Brothers Harriman & Co. In 2022,