Philadelphia, where the median rent for a one-bedroom unit is up 2.8 percent to $1,490, is the 18th most expensive market in the country, Zumper has found.
The Inquirer: Rents are on the rise again in Philadelphia and nationally Read More »
Public bank advocates argued that the status quo — private banks’ storing and managing of public funds — results in taxpayer money being directed to harmful purposes such as fracking, gun manufacturing and sales, and, particularly in NYC, developers who take out bank loans to acquire rent-stabilized buildings and flip them into market-rate apartments or condos.
Next City: Movement to get public money out of Wall Street comes to Wall Street Read More »
(Download PDF) June 13, 2018 Dear Chairman McWilliams, Comptroller Otting, and Chairman Powell: Since 1977, the Community Reinvestment Act (CRA) has driven inclusion and equity in the financial markets. The act compels banks to serve the credit needs of their communities. It became an indispensable tool for historically marginalized communities excluded from the financial mainstream.
Sign-on letter regarding CRA regulatory reform Read More »
Let’s bring the Community Reinvestment Act into the 21st century.
Nextcity: Why you should still care about the Community Reinvestment Act Read More »
Jackson calls on CEO Jeff Bezos to create a board of directors and a workforce that looks more like America.
Congress should recognize that the impact of consumer tracking varies greatly by race, class and power.
The New York Times: A license to discriminate Read More »
Squatters turned an abandoned schoolhouse into a thriving arts center. Then it was sold to a developer, who evicted the tenants. Nearly two decades later, the building remains vacant.
The New York Times: Gentrification’s empty victory Read More »
“This is purportedly a way to reduce burden. However, because the data points covered by the rule are already collected by lenders, the burden associated with the rule is minimal,” according to the National Community Reinvestment Coalition letter.
“This is purportedly a way to reduce burden. However, because the data points covered by the rule are already collected by lenders, the burden associated with the rule is minimal,” according to the National Community Reinvestment Coalition letter.
Why transit-oriented development projects need to include affordable housing amid all those luxury condos and cafés.
NRDC: When public transportation leads to gentrification Read More »
Toni Griffin, one of the leading black women in architecture and design, is leading her students at Harvard in envisioning and designing the “just city.” And it looks different in Boston than it does in Rotterdam.
CityLab: In search of the ‘Just City’ Read More »
“We are concerned about this trend throughout the financial services industry,” said Stella Adams, Chief of Equity and Inclusion at National Community Reinvestment Coalition, an organization that works to promote diversity in banking, housing and business. “Many minority borrowers are looking for trusted financial advisors that reflect the diversity of the marketplace. A recent report from the GAO shows that the industry is underperforming based upon the talent available in the workforce.”
The Streets: Black employees at Citigroup decline for 8th straight year Read More »
That’s the claim made by the authors of The Inner Level, which furthers arguments first laid out in their 2009 work, The Spirit Level. They reveal the bleak truth about uneven societies
Without watchdogs, government costs go up, according to new research.
CityLab: The hidden costs of losing your city’s newspaper Read More »
Under the new law, smaller banks with fewer than 500 closed-end loans or open-end credit lines do not have to report the additional data fields required by Dodd-Frank. The banks still collect the data, according to a letter sent to Congress by the National Community Reinvestment Coalition, but are not required to report it.
