The cost of fixing the nation’s widening affordable housing shortage measures in the billions of dollars. But if the healthcare costs that come with this lack of housing security are factored in, replenishing and expanding our low-income housing stock becomes an even better investment.
Curbed: As affordable housing crisis worsens, Trump proposes more cuts Read More »
One day prior to Brian Moynihan’s, the CEO of Bank of America, testimony before the House Financial Services Committee, Moynihan announced that Bank of America will be raising its minimum wage to $20 an hour over the next two years.
NBC News: Bank of America is raising its minimum wage for employees to $20 an hour Read More »
According to a new study from the National Community Reinvestment Coalition, Pittsburgh is the eighth most gentrified city in America.
Pittsburgh City Paper: Pittsburgh is one of the most gentrified cities in the U.S. Read More »
A recent study by the National Community Reinvestment Coalition found that Washington, D.C., experienced the highest “intensity of gentrification” of any city in the U.S. between 2000 and 2013. According to the study, about 40 percent of the city’s lower-income neighborhoods experienced gentrification during that period, displacing thousands of residents with lower incomes, including 20,000 black residents.
According to a study from the National Community Reinvestment Coalition, gentrification has historically happened at a much faster rate in the country’s largest cities — Los Angeles included.
Marketplace: My Economy: Starting a small business in Echo Park Read More »
Senate majority leader Mitch McConnell decided to change Senate voting rules, meaning that Trump’s awaiting appointees will only require 51 instead of 60 votes to be confirmed.
The New York Times: Senate Republicans go ‘nuclear’ to speed up Trump confirmations Read More »
America’s growing geographic divide derives from economic inequality, especially the tremendous gains of the 1 percent.
CityLab: How the one percent is pulling America’s cities and regions apart Read More »
The Department of Housing and Urban Development (HUD) Secretary Ben Carson could not precisely articulate what the department was doing about protecting LGBTQ people from housing discrimination after it had removed LGBTQ nondiscrimination guidelines from its website.
NBC News: Ben Carson questioned on HUD’s lack of LGBTQ nondiscrimination guidance Read More »
A report released by the Institute for Policy Studies highlights how a polarizing racial wealth divide has grown between White households and households of color over the past three decades.
Inequality: Dreams deferred: how enriching the 1% widens the racial wealth divide Read More »
Members of the white power movement set fire to a Tennessee social justice center. Fortunately, no one was hurt.
A recent study by the National Community Reinvestment Coalition found DC had the most intense level of gentrification when compared to other cities across the country.
“I thought it was very unusual, the aggressive approach that the OCC took in pushing this bank in the direction that it did,” John Taylor, president of the National Community Reinvestment Coalition and an outside adviser to Wells Fargo, said in an interview. “I don’t know what to make of it.”
Bloomberg: Wells Fargo CEO stumble puts bank in familiar state of disarray Read More »
Congress members confronted Education Secretary Betsy DeVos over a proposed budget increase for a program funding charter schools that quickly closed, or never opened at all.
Fifth Third’s $32 billion Community Commitment, influenced by the National Community Reinvestment Coalition and other community groups, is now being carried out with an initial $20.3 billion.
The “whites only” signs were gone, but joblessness, dilapidated housing and intractable poverty remained.
The New York Times: The real roots of ‘Black capitalism’ Read More »
