A federal tax break intended to draw investment to lower-income areas has become one more way for the rich to avoid paying taxes.
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Nationwide, 64% of Americans own their homes. In Milwaukee, merely 52% do. And the challenges are substantially greater for lower-income households and people of color. The differences are as plain as black and white – literally.
The share of African Americans who own their homes fell from 43.8% in early 2012 to 40.6% in the second quarter, according to the U.S. Census Bureau. By contrast, the white homeownership rate has edged down slightly, from 73.5% to 73.1%. In 2004, during the housing boom, nearly half of black people owned their homes.
Entry-level home buyers outnumbered sellers in the Twin Cities metro in October, boosting prices and stifling sales of houses priced at less than $300,000. For those willing to spend more than that, it was a radically different story — sales and listings of move-up properties increased double-digits.
Census Bureau’s Housing Vacancies and Homeownership Survey show minority homeownership rate rose 0.9% to 48.3% during Q3 2019.
A packed hearing at the D.C. Council found tenant advocates calling for sweeping changes to the city’s rent control law.
According to Gilger and Wallace, “When one female reporter who covered health asked for a raise, the metro editor replied, ‘Your husband is a dentist. What are you worried about?’”
The Supreme Court heard oral arguments for three cases over the administration’s cancellation of DACA. Trump has argued that former President Obama abused his executive power in creating the program, and that ending DACA would curtail illegal immigration in the country.
They are doctors and pharmacists, business owners and students who were brought to the United States as children, unaware that they had entered illegally or on visas that later expired. Without legal status, their hopes for the future were dim.
A plan to desegregate schools in a liberal Maryland suburb founded on values of tolerance has met with stiff resistance.
Over the past few months, Google, Facebook and Apple have pledged to invest a total of $4.5 billion in land and loans toward stimulating the production of affordable housing in California. Our article looks at how those efforts, laudable as they are, won’t amount to much unless the state enacts land-use reforms that make it easier and cheaper to build.
Amid protests and boos, the Las Vegas City Council voted Wednesday to ban homeless people from sleeping on some city streets — a controversial measure that critics have called a “war on the poor.”
“I don’t think we’ve figured any of this out,” he says. “We’re at a hopeful moment of recognizing how deep the problem is.”
A College Park-based venture capital fund recently created to invest in opportunity zone businesses gave an undisclosed sum to Galen, part of about $7 million the company has raised so far from investments, subsidies and tax breaks for job creation.
Some of the loudest calls for changes in the tax incentive are coming from members of the Congressional Black Caucus, who in many cases represent poor urban areas that were supposed to see some of the biggest opportunity-zone investments.