In a stealth aftershock of the Great Recession, nearly 100,000 loans that allowed senior citizens to tap into their home equity have failed, blindsiding elderly borrowers and their families and dragging down property values in their neighborhoods.
A recent study conducted by the National Community Reinvestment Coalition, listed Philadelphia as one of seven cities leading gentrification efforts in America.
i-D: Roots picnic attendees on Philadelphia’s gentrification Read More »
Low-income Americans who take advantage of government safety net programs could be affected by a number of proposed rules and actions in areas such as housing, food aid, overtime and immigration.
NPR: Trump wants to limit aid for low-income Americans. A look at his proposals Read More »
A decade after reckless home lending nearly destroyed the financial system, the business of making risky loans is back.
The New York Times: Risky borrowing is making a comeback, but banks are on the sideline Read More »
For three days this week, University of Chicago graduate students went on strike to demand the school voluntarily recognize their union.
Hundreds of people turned out to protest, chanting “recognize our election” and holding signs with slogans like “Workers’ Rights are Human Rights.”
NBC News: The latest campus battle: Graduate students are fighting to unionize Read More »
Oracle and the Handpulled Noodle would seem to have little in common. One is a multibillion-dollar software company in Silicon Valley with tens of thousands of employees all over the world. The other is a small Harlem spot that serves Chinese comfort food and is known for its tasty dumplings.
A lack of diversity in the highest ranks of the Trump-era Treasury Department is a microcosm of challenges across the administration.
Politico: ‘That is f—ing frightening’: Treasury’s top brass is white, male and wealthy Read More »
Like many rich Americans, I used to think educational investment could heal the country’s ills—but I was wrong. Fighting inequality must come first.
The Atlantic: Better schools won’t fix America Read More »
When new figures released last night showed a jarring rise in homelessness around Los Angeles, the response throughout Southern California was shock and indignation.
The reaction from the crowded field of Democratic presidential candidates: silence.
“Your neighborhood shouldn’t influence your odds of seeing your grandchildren grow up,” says a researcher for NYU’s new analysis of City Health Dashboard data.
City Lab: Life expectancy is associated with segregation in U.S. cities Read More »
Affordable housing is becoming increasingly scarce in the United States — something which could prevent many families from buying or renting a place to call their own. The causes of this crisis are multi-faceted and its effects disproportionately impact various groups of people, including low and middle-income (LMI) families and minorities. To address this affordability crisis, a bevy of Democratic senators reintroduced the American Housing and Economic Mobility Act in March.
Discrimination against low- and middle-income (LMI) home buyers – something which disproportionally affects minority communities — has long been a problem in the United States. While the CRA has done a great deal to improve access to credit and make homeownership a reality for more people, there is significant room for improvement to the decades-old legislation.
Wilmington Mayor Mike Purzycki said a new neighborhood stabilization and homeownership project announced today by the City, Wilmington Neighborhood Conservancy Land Bank (WNCLB) and its developer partner, National Community Reinvestment Coalition (NCRC), will help to transform one block of 9th Street between Adams and Monroe Streets.
The decennial census, which aims to count every US resident each decade, is critical to our democracy. It affects congressional seats and funding decisions at every level of government.
Urban: 2020 Census – Who’s at risk for being miscounted? Read More »
JPMorgan Chase is trying to require its credit card customers to go into private arbitration to settle disputes — even if they involve an older account — by reintroducing provisions it dropped a decade ago.
The New York Times: JPMorgan Chase seeks to prohibit card customers from suing Read More »
