A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.
CNBC: Mortgage refinance boom goes bust as rates shift higher Read More »
Public has negative views of the country’s racial progress; more than half say Trump has made race relations worse.
Pew Research Center: Race in America 2019 Read More »
Internet literacy programs for older generations have become popular because this demographic is more susceptible to believing inaccurate political information and falling victim to internet scams.
A study of demographic changes in Philadelphia neighborhoods finds that an influx of more-affluent newcomers can erode community ties—or strengthen them.
CityLab: What happens to community bonds when a neighborhood gentrifies Read More »
The cost of fixing the nation’s widening affordable housing shortage measures in the billions of dollars. But if the healthcare costs that come with this lack of housing security are factored in, replenishing and expanding our low-income housing stock becomes an even better investment.
Curbed: As affordable housing crisis worsens, Trump proposes more cuts Read More »
One day prior to Brian Moynihan’s, the CEO of Bank of America, testimony before the House Financial Services Committee, Moynihan announced that Bank of America will be raising its minimum wage to $20 an hour over the next two years.
NBC News: Bank of America is raising its minimum wage for employees to $20 an hour Read More »
The primarily African American Jackson Ward neighborhood in Richmond, Virginia, has been swiftly gentrified. While some historical aspects have been forgotten, other areas have seen promising improvements. Overall, the changes to this community have been a mixed bag as some community members have benefited from the changes to home wealth, while others have been forced out.
Gentrification: A mixed bag in historic Richmond, Virginia, neighborhood Read More »
The Community Reinvestment Act: Assessing the Law’s Impact on Discrimination and Redlining Introduction: Public input and accountability are the keys to CRA’s success I thank Chairman Meeks and the members of this subcommittee for providing me the honor of testifying this morning regarding the Community Reinvestment Act’s (CRA) impact in combating discrimination and redlining.
According to a new study from the National Community Reinvestment Coalition, Pittsburgh is the eighth most gentrified city in America.
Pittsburgh City Paper: Pittsburgh is one of the most gentrified cities in the U.S. Read More »
A recent study by the National Community Reinvestment Coalition found that Washington, D.C., experienced the highest “intensity of gentrification” of any city in the U.S. between 2000 and 2013. According to the study, about 40 percent of the city’s lower-income neighborhoods experienced gentrification during that period, displacing thousands of residents with lower incomes, including 20,000 black residents.
An OpEd in the Washington Post by NCRC CEO Jesse Van Tol, April 8, 2019: Yes, you can gentrify a neighborhood without pushing out poor people When rich people move in, they often displace residents. But it doesn’t have to be that way. Neighborhoods have been developing and changing since the dawn of civilization, but
According to a study from the National Community Reinvestment Coalition, gentrification has historically happened at a much faster rate in the country’s largest cities — Los Angeles included.
Marketplace: My Economy: Starting a small business in Echo Park Read More »
Senate majority leader Mitch McConnell decided to change Senate voting rules, meaning that Trump’s awaiting appointees will only require 51 instead of 60 votes to be confirmed.
The New York Times: Senate Republicans go ‘nuclear’ to speed up Trump confirmations Read More »
America’s growing geographic divide derives from economic inequality, especially the tremendous gains of the 1 percent.
CityLab: How the one percent is pulling America’s cities and regions apart Read More »
The Department of Housing and Urban Development (HUD) Secretary Ben Carson could not precisely articulate what the department was doing about protecting LGBTQ people from housing discrimination after it had removed LGBTQ nondiscrimination guidelines from its website.
NBC News: Ben Carson questioned on HUD’s lack of LGBTQ nondiscrimination guidance Read More »
