Representative Ilhan Omar’s Homes for All Act would fund the construction of 12 million new homes in the U.S. over 10 years, mostly as public housing.
CityLab: What A Trillion-Dollar Housing Pledge Looks Like Read More »
“If I had $1000 for every announcement that’s happened in the last five years, since I’ve been here—I mean, wow,” PayPal CEO Dan Schulman said of the Google checking news, in an interview with Fortune editors and reporters last week. “It’s a tough, tough business.”
Fortune: Why Every Company Wants To Look Like A Bank—Without Becoming One Read More »
A new Washington Post analysis found that the HUBZone program’s use of outdated and unadjusted data allowed businesses in wealthy areas to qualify for more than $540 million in federal contracts meant for firms in underserved neighborhoods. Rather than improve inequalities, critics say, the program has exacerbated disparities, and they question whether its calculations fit the program’s mission.
A 2006 study from the National Community Reinvestment Coalition found that joint male and female borrowers “enjoyed more favorable outcomes than either male and female borrowers” on their own. What’s more, NCRC found that individual borrowers were more likely to end up in pricier subprime loans than joint borrowers.
CBS News: Does Goldman Sachs’ Online Bank Marcus Have An Apple Card Gender Issue? Read More »
Regulators must act to prepare the system.
Bloomberg: Climate Change Is a Financial Crisis, Too Read More »
White, Black, Hispanic and Asian testers were sent undercover to see if they would be treated equally by LI real estate agents. Many were not.
As Amazon carves out a new home in Arlington, the county is continuing its search for new solutions to a growing problem: the shortage of affordable housing.
NPR: Is Redeveloping Religious Spaces A Solution To DC’s Housing Crisis? Read More »
“The timing of this proposal seems to be driven by political considerations, not substantive ones,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition. The OCC’s approach, he said, may boil down CRA to a “dollar volume metric, easily accomplished by making high dollar loans and investments.”
The Wall Street Journal: Rewrite of Lower-Income Lending Rules to Advance in December Read More »
According to a study by the National Community Reinvestment Coalition, about 40% of the District’s lower-income neighborhoods experienced gentrification between 2000 and 2013, giving the city the greatest “intensity of gentrification” of any in the country.
Our present financial ruin is being turned into a business model.
Wired: The Future of Banking Is … You’re Broke Read More »
More than two centuries after it was designed to empower southern white voters, the system continues to do just that.
The Atlantic: The Electoral College’s Racist Origins Read More »
New York City, with more than 1 million students, is far and away the nation’s largest school district — and one of its most segregated.
The Washington Post: What Happened When Brooklyn Tried To Integrate Its Middle Schools Read More »
A brief guide to the absurd, circular logic of people who don’t want to deal with homelessness.
Vice: Actually Supporting Homeless People Does Not Mean Housing Them Yourself Read More »
A federal tax break intended to draw investment to lower-income areas has become one more way for the rich to avoid paying taxes.
The New York Times: Opportunity Zones-For Billionaires Read More »
This past June, the U.S. Congress opened a hearing to consider a bill that would create a commission to explore options for reparations for the descendants of enslaved people. Central to this conversation is the question of what is owed to African Americans, and what reparations would look like.
Medium: In Atlantic City, the Legacy of Segregation and Redlining Endures Read More »
