Birmingham Daily Journal, March 10, 2023, 16 New Homes Continue Revitalization in Birmingham’s Woodlawn Community On Thursday, Birmingham City Councilor J.T. Moore helped cut the ribbon for the first three of 16 new affordable homes coming to the Woodlawn community in Birmingham’s East Side. “As I stand here, it’s a full circle moment for me …
The Washington Post, March 9, 2023, ‘Greenlining’ Heals The Historic Injustice Of Redlining The United States faces an enormous housing shortage and pricing crisis. If we want any semblance of equity in our cities, we must address this urgent need for more affordable housing, while mitigating the alienation and displacement produced by gentrification. As a …
The Washington Post: ‘Greenlining’ Heals The Historic Injustice Of Redlining Read More »
S&P Global, March 8, 2023, TD-First Horizon Back At Negotiating Table As Deal Hangs In Regulatory Purgatory Toronto-Dominion Bank is unsure when it will close its acquisition of First Horizon Corp., leaving the companies negotiating again just weeks after extending their merger agreement. At the beginning of February, TD and First Horizon agreed to extend …
Candy’s Dirt, March 7, 2023, Dallas Program Aims To Protect Neighborhoods Against Displacement, But Hurdles Make It Hard For Seniors The City of Dallas Housing and Homelessness Solutions Committee heard a progress report last week on the “Dallas Anti-Displacement Toolkit” from James Armstrong and Stephanie Champion of Builders of Hope. The team is building affordable homes …
Insider Intelligence, March 6, 2023, Brown Asks The OCC To Hold Public Meetings In Communities Where Bank Branches Are Closing Sen. Sherrod Brown sent a letter to the Officer of the Comptroller of the Currency (OCC) asking the agency to meet with low- and moderate-income communities to talk about proposed bank branch closures in their areas. He requested …
American Banker, March 3, 2023, The CRA Has Little Impact On Household Credit. Can Regulators Change That? The Federal Reserve Bank of New York published a study that found that CRA did virtually nothing to increase credit access or change borrower outcomes in designated low- and moderate-income communities, where households live on less than 80% of …
Yes Magazine, February 27, 2023, Could We End Wealth No one should have a billion dollars. Yet there are now nearly 1,000 billionaires in the United States alone, according to Visual Capitalist, with a combined net worth of more than $4 trillion. Billionaires are a byproduct of an upside-down economic system. Wealth inequality is often seen …
We Are Iowa, February 25, 2023, Des Moines Realtor Works To Close Racial Homeownership Gap According to the National Community Reinvestment Coalition, there’s been at least a 20% gap in homeownership rates between Black and white Americans for over 100 years. “We see that those are communities that have struggled the worst with some of the housing …
We Are Iowa: Des Moines realtor works to close racial homeownership gap Read More »
WVXU/NPR, February 27, 2023, Man Files Federal Complaint Alleging Racial Discrimination In Cincinnati Property Appraisal Terry Horton was going to refinance a North Avondale apartment building he rented to predominantly Black residents, about half of whom use Section 8 vouchers, in order to buy another building he would also offer as affordable housing. But Horton, …
Shelterforce, February 24, 2023, NCRC Claims KeyBank Broke Promises, Failed Black Homeowners When KeyBank sought to acquire Buffalo-based First Niagara, which would make it one of the nation’s largest banks, it not only had to prove to banking regulators that the merger was sound, it also had to win over local and national advocates. The …
Shelterforce: NCRC Claims KeyBank Broke Promises, Failed Black Homeowners Read More »
The Baltimore Sun, February 24, 2023, Dealing With ‘Creeping Segregation’ In Columbia The planned community of Columbia represented a clear break with segregationist practices in urban development. When it was developed in the mid-1960s, the Rouse Corporation intentionally welcomed people of all races and faiths, rejecting racial steering, redlining and discouragement of Black families searching …
The Baltimore Sun: Dealing with ‘creeping segregation’ in Columbia Read More »
CNBC, February 23, 2023, Black Families’ Net Worth Has Grown More Than Other Racial Groups Since Covid, But Wealth Gap Remains Wide Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black …
Pennsylvania Business Report, February 21, 2023, TD Bank announces plan to build on community engagement TD Bank, which has locations in 63 Pennsylvania cities and towns, announced Wednesday it would launch a five-year Community Benefits Plan that would provide an estimated $50 billion impact to its communities across the United States. The Community Benefits Plan, …
Pennsylvania Business Report: TD Bank announces plan to build on community engagement Read More »
American Banker, February 13, 2023, Status quo ‘is not acceptable’ for Home Loan banks, FHFA chief says Federal Housing Finance Agency Director Sandra Thompson is calling for an end to “the status quo” at the Federal Home Loan Bank System and for more funding for underserved, rural and tribal communities. For the first time since …
American Banker: Status quo ‘is not acceptable’ for Home Loan banks, FHFA chief says Read More »
The Washington Post, February 10,2023, Gentrification by Fire Climate change and its most extreme consequences are pushing up the price of homes throughout much of the American West, as fires and flooding carve into existing housing stock and restrict the amount of land suitable for future building. Over several harrowing weeks in October 2017, the …
