NCRC

Opportunity zones are meant to spur new investment in poor areas. But Under Armour’s Kevin Plank is getting a tax break for investments that are not new and not in a poor tract. And Plank’s area was picked over neighborhoods that are actually poor.

Two decades after Rudy Giuliani tried to rid New York City of graffiti, the art form is flourishing—with unexpected consequences.

The Department of Housing and Urban Development has hired Eric Blankenstein, the former Consumer Financial Protection Bureau official whose racially charged blog posts sparked an uproar last year.

Silicon Valley is entering a new phase in its quest for diversity and inclusion in the technology industry. 

Opportunity zones are meant to spur new investment in poor areas. But Under Armour’s Kevin Plank is getting a tax break for investments that are not new and not in a poor tract. And Plank’s area was picked over neighborhoods that are actually poor.

There is much talk of a crisis, based on statistics such as this one, from a 2018 report by the Pew Charitable Trusts: Of the nearly 43 million households who rented their homes in the United States, 7.3 million — 17?percent — spend half or more of their monthly income on rent.

America’s birthday is fast approaching. But let’s not wait for July 4 to light the fireworks. There is another Independence Day on the horizon. Juneteenth marks what is arguably the most significant event in American history after independence itself—the eradication of American slavery.

Taller buildings yield more return on the investment for developers. Higher floors also come with more privacy, better views and much higher sales prices. However, others see the changing skyline as a reflection of a changing New York; these new towers, with their luxury apartments designed for foreign investors and the superwealthy, which can feel like a feat of inequality.

While 90 percent of children born in the 1940s grew up to earn more than their parents, only half of children today will earn more than their parents.

Landlords and local officials across the country say a White House proposal to eject undocumented immigrants from subsidized housing would displace some of their most reliable tenants and add major financial strains to an already cash-strapped system.

Facebook has finally revealed plans for a cryptocurrency called Libra, one of the worst-kept secrets in the history of virtual money.

The Federal Reserve Bank of San Francisco says banks can get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters.

Rising concerns about housing affordability, racial inequality and climate change are causing cities nationwide to re-examine their attachment to the detached house.

Around the world, smart cities are using behavioural insights and nudges to make public services work better for citizens — and foster greater government innovation.

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.