Framingham Source: VIDEO: Senators Warren and Markey and Collegues Reintroduce Historic Legislation to Confront America’s Housing Crisis

Framingham Source, March 13th, 2019: VIDEO: Senators Warren and Markey and Collegues Reintroduce Historic Legislation to Confront America’s Housing Crisis

According to an independent analysis of the legislation from Mark Zandi, Chief Economist of non-partisan Moody’s Analytics, the bill would build or rehabilitate more than about 3 million units over the next decade and fully close the current gap between affordable housing demand and supply; create 1.5 million new jobs at its peak impact; bring down rents for lower-income and middle-class families by 10 percent — saving families an average of $100 per month — and produce no long-term deficit impact.

The American Housing and Economic Mobility Act has been endorsed by the U.S. Conference of Mayors leadership, over a dozen Massachusetts mayors, New Orleans Mayor LaToya Cantrell and Baton Rouge Mayor-President Sharon Weston Broome. Over twenty civil rights groups and housing advocates, including the Leadership Conference on Civil and Human Rights, National Low Income Housing Coalition, the National Community Reinvestment Coalition, the National Alliance to End Homelessness, the National Rural Housing Coalition and more, have endorsed the bill.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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