It had been seven years since Black Monday—when Youngstown Sheet & Tube announced it was closing its largest factory, costing 5,000 people their jobs and setting off a chain of plant shutdowns that sent the city’s population into free fall. Youngstown could no longer fill its schools, so one would have to close.
Slate: The nonwhite working class Read More »
It’s time for a little less focus on the 2020 candidates’ precise views on reparations — a frequent subject of social media chatter and reporters’ questions — and a little more focus on other ways to reduce the nation’s unconscionable racial wealth gap.
The New York Times: Reparations? Yes, but… Read More »
In major cities across the United States, life expectancy can differ between 20 to 30 years depending on what neighborhood you live in, and the gap is widest in cities with extreme racial segregation, a recent study found.
The Globe Post: Life expectancy gaps in US cities linked to racial segregation: Study Read More »
President Donald Trump’s Tax Cuts and Jobs Act has made it substantially cheaper to back either real estate projects or operating businesses in one of 8,764 low-income, high-poverty census tracts across the country that have been designated “Opportunity Zones.”
In Itta Bena, population 1,828 and likely declining, the only available banking is at ATMs.
NBC News: A town with no bank how Itta Bena, Mississippi, became a banking desert Read More »
Regional bank Cadence signs onto plan to serve lower income communities with provisions for small business lending and local community investments.
Middle Georgia CEO: Cadence Bank announces five-year community benefits plan Read More »
Minnesota Rep. Dean Phillips announced bill that requires the FHA cancel premiums after a certain percentage in homebuyers’ loans
Advisor News: Rep. Phillips announces bill to make federal home loans more affordable Read More »
A simple measure of societal progress is: “Will the next generation be better off than the current one.” Right now, we seem to be going backwards on that metric.
Housing is one area of American life where government really is the problem. The United States is suffering from an acute shortage of affordable places to live, particularly in the urban areas where economic opportunity increasingly is concentrated.
The New York Times: Americans need more neighbors Read More »
The true “extremists” in American politics are those who insist that our economic system is working just fine.
A city council member in Washington, D.C., has introduced legislation that would make go-go music the District of Columbia’s “official” music, as community members continue ongoing efforts to protect the gentrifying city’s black culture.
HuffPost: D.C. bill would make go-go the ‘official music’ of the gentrifying district Read More »
What is wealth? What are the barriers of access to economic security—and how do we overcome them? Ali explores these questions in-depth with Dedrick Asante-Muhammad, chief of Equity and Inclusion at the National Community Reinvestment Coalition.
WORT 89.9 FM: Bridging the racial wealth divide with Dedrick Asante-Muhammad Read More »
Since 2000, the District has experienced the most intense gentrification and an outsized amount of resident displacement among American cities, according to recent research—changes that have predominately affected black and low-income residents in a city once dubbed “Chocolate City.”
“DACA recipients remain ineligible for FHA loans”
Housing Wire: HUD declares FHA is no longer backing DACA mortgages Read More »
As housing prices keep rising, new study finds Americans higher and higher up the income spectrum feel the pinch.
Curbed: Hey, middle class, the housing crisis is coming for you next Read More »
