“We have a lot of tribal members that live here in Portland, that have lived here for generations and we are able to provide housing for some of them,” Delores Pigsley, chair of the Confederated Tribes of Siletz Indians said during a ribbon-cutting ceremony.
The average rent of those “Class A” apartments was nearly $2,500 in the second quarter of 2019. That’s considered affordable for renters who earn at least $8,400 per month.
The District was named the country’s most gentrified city in a 2019 report from the National Community Reinvestment Coalition.
WAMU: DC Has More High-Income Residents Than Ever Before, Audit Suggests Read More »
Activists say a five-year rent freeze is merely a good start. Who’s up for expropriating some private property?
Bloomberg Businessweek: No City Hates Its Landlords Like Berlin Does Read More »
One of the icons of the civil rights movement, the legacy of Rosa Parks has lived on for generations as a sign of strength and courage amid hostile discrimination.
There are numerous other problematic changes in the nearly 240-page proposal. I urge you to join me in calling on the administration to shelve the current proposal and reopen the dialogue with community representatives.
For many young Americans struggling with student-loan payments, higher rent costs and relatively stagnant salaries, saving a fifth of a home’s value to get a mortgage simply isn’t on the radar.
“I am concerned that several of the proposed changes will weaken core protections in the Volcker rule and enable banking firms again to engage in high-risk activities related to covered funds,” Governor Lael Brainard said.
The data highlight a harsh reality of the U.S. economy a decade into the longest expansion on record: For people who don’t make big salaries, there are fewer and fewer affordable places to go.
Bloomberg: The U.S. Housing Crisis Is Making Its Way to the Heartland Read More »
There is broad agreement that the state’s extraordinary cost of living and escalating homeless problem is rooted in a shortage of housing in general and a dearth of lower-cost housing in particular. But many remain skeptical of remedies involving big structural changes.
The New York Times: California, Mired in a Housing Crisis, Rejects an Effort to Ease It Read More »
Critics contend that bank regulators should be doing more to keep rural branches open. “It’s really common to hear, even from regulators, that people don’t need a bank branch anymore,” said Jason Richardson, director of research at the National Community Reinvestment Coalition.
American Banker: When a small town loses its only bank Read More »
The Guardian will no longer accept advertising from oil and gas companies and, in doing so, becomes the first major news organization to divest from industries that extract fossil fuels, company executives announced Wednesday.
Organizers have begun holding events in black communities where they lavish praise on the president while handing out thousands of dollars in giveaways.
Politico: Trump allies are handing out cash to black voters Read More »
“As the tech industry continues to expand beyond Silicon Valley to other areas across the country, we have the opportunity to reimagine what the sector could look like,” Gates wrote in a LinkedIn post scheduled to publish on Tuesday morning.
“We all agree there needed to be a list. The problem is what the (Office of the Comptroller of the Currency) has put on that list,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, an umbrella group for dozens of community groups trying to get banks to do more work in low-income neighborhoods.
AP News: Advocates: Crucial bank law softened under Trump proposal Read More »
Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, said his group has already submitted a Freedom of Information Act request for the data.
“The OCC is supposed to work in the public’s interest,” he said, “and the American public deserves a chance to review the government’s own data and analysis before the OCC pushes ahead with new rules based on it.”
Morning Consult: Waters Vows Subpoena on OCC Community Reinvestment Act Proposal Read More »
