On Our Radar

Barron’s, March 6, 2024, Waters Says Affordable Housing Is Critical To Fighting Inflation In her opening remarks in Wednesday’s hearing, Waters said that while she’s pleased about the progress the Fed has made in bringing down inflation, the U.S. is “not out of the woods yet.” She specifically called out housing as an area of […]

CBS News, December 17, 2020, 50 Years Of Tax Cuts For The Rich Failed To Trickle Down, Economic Study Says But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich

The Washington Post, March 5, 2024, U.S. Caps Credit Card Late Charges In New Biden Crackdown On Junk Fees Under the new regulations, credit card issuers, including Bank of America, Capital One, Citibank and JPMorgan Chase, cannot charge more than $8 for a late payment unless they can explicitly point to data showing they must

Federal Reserve Bank Of Minneapolis, February 21, 2024, Native Entrepreneurs Face Credit-Access Challenges In 2022, the most recent year for which SBCS data are available, Native representation in the survey data was the highest it has ever been, at 405 out of 13,910 respondents, or nearly 3 percent of the total sample. For the first

Public News Service, February 26, 2024, Health Center Development Offers Innovative Model For Affordable Housing A new development in Denver’s Elyria-Swansea neighborhood that combines affordable housing, a healthcare provider, a pharmacy – and next, a grocery store offering fresh produce – is proving how collaborative partnerships with real community input can meet the needs of historically

The New York Times, March 4, 2024, This Couple Won Their Dream Apartment Through The N.Y.C. Housing Lottery That’s when NYC Housing Connect, a city-run online portal for connecting renters with low and middle incomes with affordable housing through open lotteries, came through on both fronts. In the fall of 2021, they were picked in

Axios, February 29, 2024, Old Photos Used To Preserve NYC Latino And Caribbean Stories NuevaYorkinos, a project to preserve New York’s Latino and Caribbean American history through community-submitted photos and videos, is celebrating its fifth anniversary. Why it matters: Latinos in historically Hispanic neighborhoods like Bushwick, Sunset Park and Washington Heights who have been increasingly pushed out

The New York Times, March 1, 2024, Developers Got Backing For Affordable Housing. Then The Neighborhood Found Out. When developers set out to build 60 subsidized apartments in an affluent corner of Florence, S.C., the chairman of the County Council waxed enthusiastic. Affordable housing “would serve a great need,” he wrote, and its proximity to

The Lever, March 1, 2024, The Fed Is Behind The Credit Card Merger Capital One’s recently announced attempt to buy the credit card company Discover hits at all of these elements of the business. While the merger looks like a credit card bank buying another credit card bank — and it’s certainly that — it is more

The New York Times, March 1, 2024, High Mortgage Rates Leave Biden Searching For Housing Relief Mr. Biden’s forthcoming budget request will call on Congress to pass a raft of initiatives to build more affordable housing and help certain Americans afford to purchase a home. The president is also expected to address housing affordability for

The American Prospect, March 1, 2024, A Public Option For Credit Card Shopping With that kind of discrepancy, you would think that bigger card issuers would lose market share to those who offer better terms. But that brings us to this week’s CFPB action against credit card comparison-shopping websites. Credit Karma, NerdWallet, LendingTree, Bankrate, and others all offer shopping tools that

Bloomberg, February 29, 2024, Why A White House Plan To Fund Office-To-Housing Conversions Isn’t Working In October, the Biden administration directed USDOT to make $35 billion in financing available for transit-oriented development projects to help speed the transformation of underutilized office space into much-needed housing. The funds, typically used to finance rail infrastructure, could now be tapped

Reuters, February 28, 2024, Why US Housing Inflation Relief May Be Short-Lived US Federal Reserve officials say they are confident housing inflation will finally cool in coming months, a key and long-awaited component of their effort to control overall price increases and secure their turn to interest rate cuts. Housing markets vary widely across the

The Hill, February 28, 2024, San Francisco Issues Apology To Black Residents For Decades Of Discrimination The board of supervisors for the city in a unanimous vote approved a resolution offering the apology. “This historic resolution apologizes on behalf of San Francisco to the African American community and their descendants for decades of systemic and

CNN, February 25, 2024, How Shipping Containers In Atlanta Became Tiny Homes For The Homeless Tucked into downtown Atlanta, The Melody, named after an Atlanta native who died after a struggle with chronic homelessness, is the city’s latest project providing housing for the unhoused. Made from metal shipping containers, the new tiny homes have anything