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 »
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.
USA Today: Black households can afford just 25% of homes for sale, down from 39% in 2012 Read More »
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.
National Mortgage News: Median sale price of Twin Cities home hits a record in October Read More »
Census Bureau’s Housing Vacancies and Homeownership Survey show minority homeownership rate rose 0.9% to 48.3% during Q3 2019.
DS News: Rising Rates for Minority Homeownership Read More »
While it is clear the racial wealth divide grows sharply with age, there is very little understanding of retirement security best practices for low-wealth seniors.
Poor Old People: The Graying of Racial and Gender Wealth Inequality Read More »
Boldly called “The Future of the Community Reinvestment Act,” the publication has a series of articles examining retail lending, community development financing and branching of banks.
Native Americans and the Racial Wealth Divide The United States has too often hindered Native American advancement, not advanced it. Through years of intentional governmental policies that removed lands and resources, American Indians have been separated from the wealth and assets that was rightfully theirs. Thus Native Americans, which refers to people from any of the
Racial Wealth Snapshot: American Indians/ Native Americans 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 »
Since the turn of the century, more than 20,000 Black D.C. residents had been displaced, a March study from the National Community Reinvestment Coalition found. The District leads several U.S. cities in this arena because housing values have outpaced the median incomes. In 2009, amid a recession, the District experienced more than 4,000 foreclosures. Several hundred people since then have also filed for bankruptcy.
The Washington Informer: D.C. Council Eyes Financial Literacy Elective for Students Read More »
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?’”
WGBH: Two Pioneering Women Editors Take On Gender Inequity In The Newsroom Read More »
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.
THE HILL: DACA Arguments Draw Large Protests At Supreme Court Read More »
Done in partnership with the National Community Reinvestment Coalition (NCRC), Bone and his colleagues, which include Jerome Williams of Rutgers University and Glenn Christensen of Brigham Young University, have studied 10 years of data on the financial lending landscape for minorities and women.
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.
