CNN, July 27, 2023, Biden administration taking new actions to boost housing affordability and availability The Biden administration on Thursday announced further steps to lower housing costs and boost supply, part of the economic agenda that President Joe Biden will highlight as he seeks a second term. The administration is taking a “comprehensive federal approach,” White House domestic […]
New York Times, July 20, 2023, Signature Biden Program Won’t Fix Racial Gap in Air Quality, Study Suggests A new analysis has found that the White House’s signature environmental justice program may not shrink racial disparities in who breathes the most polluted air, in part because of efforts to ensure that it could withstand legal challenges.
Axios, July 20, 2023, Gender pay gap now the narrowest on record The pay gap between full-time working women and male counterparts is now the narrowest on record. Full-time working women had median weekly earnings of $1,001 last quarter, about 84% of the $1,185 male median. Male employees continue to earn more than their female
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CNBC, July 21, 2023, Less than 5% of U.S. housing supply is accessible to older, disabled Americans. These changes may help Despite a sizeable elderly and disabled population in the US, there is not enough affordable housing to accommodate those individuals. About 26% of the US population — or about 61 million people — have a disability, Casey said. At the
Reuters, July 20, 2023, US consumer watchdog warns no more ‘rubber stamp’ for bank mergers US lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators worried about financial stability, the director of the Consumer Financial Protection Bureau (CFPB) told Reuters. “Banks can expect
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Detroit Metro Times, July 19, 2023, Rising costs and gentrification force locals out of Detroit’s downtown and Midtown Over the past decade, the cost to live in many parts of Detroit has sharply increased, beginning in downtown and Midtown and spreading to Lafayette Park, the North End, Corktown, Southwest Detroit, Brush Park, and the area
San Francisco Standard, July 14, 2023, Here’s the Last Bank Standing in This Historic Black Neighborhood in San Francisco The Wells Fargo branch at 3801 Third St. is the last financial institution left on the Bayview’s main commercial corridor after the closure of the U.S. Bank earlier this month. The next closest bank branch is the Bank
Housing Wire, July 26, 2023, Homelessness is not an unsolvable problem While many people think mental health issues are a main driver of homelessness, Marisa Calderon, chief of community finance and mobility at the National Community Reinvestment Coalition and executive director at the NCRC Community Development Fund, said in an interview with HousingWire that homelessness is increasingly
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NonProfit Quarterly, July 26, 2023, Containing Gentrification: A Story from the Nation’s Capital Gentrification is a complex and sensitive issue facing residents in many US cities. In Washington, DC, the gentrification process has been extraordinarily pronounced—with metro neighborhoods showing among the greatest level of resident displacement of any US city. A 2019 study by NCRC found that between
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Social Policy, July 21, 2023, Community Benefits Agreements at the Forefront of Anti-Gentrification Initiatives If gentrification is the bogeyman in today’s community development advocacy circles, community benefit agreements (CBAs) appear to be the elixir, or at least one of them. Gentrification, of course, is little more than the current name for a process of uneven
Orlando Business Journal, July 14, 2023, Bank of America sells closed branch in Orlando as news breaks of national $250M payout Bank of America has sold one of its closed branches in south Orlando. The Charlotte, North Carolina-based bank (NYSE: BAC) sold a 3.67-acre property with a 6,331-square-foot branch at 2293 W. Sand Lake Road
Axios, July 17, 2023, Fight over gender-affirming care moves to HHS spending bill Taxpayer funding of hormone therapies and gender-affirming surgeries would be barred under House Republicans’ fiscal 2024 spending bill covering the federal health department, which is moving through Congress. Adding a funding restriction into a federal spending bill can have long-lasting implications, as seen during
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NBC, July 16, 2023, In ‘warfare against renters,’ homeowners fight affordable housing push Vocal groups of homeowners say they are fearful of what the changes could mean for their communities. Increasingly, they are fighting back with lawsuits, referendums, appeals to state representatives and recall elections in a battle to stave off multifamily housing in their
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Yahoo! News, July 15, 2023, Boston’s plan to convert empty office buildings into housing faces challenges Boston Mayor Michelle Wu announced a program on Tuesday to offer steep property tax discounts of up to 75% for landlords who convert empty office space into residential use. Wu’s policy comes in response to two problems afflicting many cities: since
Them, July 6, 2023, Anti-LGBTQ+ Laws Are Being Blocked in Federal Courts Across the Country More than 75 anti-LGBTQ+ bills have been signed into law this year, but they are increasingly unable to hold up in court. In just the last two months, federal judges — including two appointed by former President Donald Trump — and
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