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Housingwire: Zillow’s New AI Tool Aims To Promote Equality In Housing

Housingwire, May 21, 2024, Zillow’s New AI Tool Aims To Promote Equality In Housing Zillow announced the release of an open-source tool, the Fair Housing Classifier, on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ In a news release, Zillow explained that artificial intelligence (AI) […]

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Next City: A Major New Step Toward Public Banking In Rochester

Next City, May 21, 2024, A Major New Step Toward Public Banking In Rochester Here at Next City, we’ve covered efforts to create city-owned banks in Philadelphia, New York, Los Angeles, San Francisco and the East Bay. We’ve also covered efforts to create state-owned banks in California, Massachusetts and New Mexico. Sometimes, as in the case of New York or California, state legislation has been

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Next City: A Unique Community Land Trust Making Homeownership Affordable In Richmond

Next City, May 23, 2024, A Unique Community Land Trust Making Homeownership Affordable In Richmond When Michael Haggins’ credit score disqualified him for a mortgage preapproval in 2021, he was crushed. A single father who grew up in Richmond, Haggins dreamed of owning a house in his hometown where his two sons could play freely. A shortage

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The Wall Street Journal: Why A California Plan To Build More Homes Is Failing

The Wall Street Journal, May 27, 2024, Why A California Plan To Build More Homes Is Failing When California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single family homes, supporters celebrated it as a tool to alleviate the state’s crippling housing shortage. Opponents said it heralded the end of homeownership

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The Washington Post: Justice Department Fines VA. Tech Firm Over ‘Whites Only’ Job Posting

The Washington Post, May 27, 2024, Justice Department Fines VA. Tech Firm Over ‘Whites Only’ Job Posting A Virginia-based technology company will pay more than $38,000 in penaltiesfor posting a discriminatory job advertisement that only sought to hire White U.S. citizens, the Justice Department announced. Arthur Grand Technologies Inc., a firm that provides information technology

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The Washington Post: Skyrocketing Rents And Home Prices May Be Pivotal In The 2024 Election

The Washington Post, May 28, 2024, Skyrocketing Rents And Home Prices May Be Pivotal In The 2024 Election LAS VEGAS — D. Carter paid $1,525 for rent, cable and WiFi for her one-bedroom apartment until her monthly rent jumped to $2,100 last year. Unwilling and unable to pay the new rate, Carter, who spoke on

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WHYY: ‘A Huge Deterrent Effect’: Philly City Council Seeks To Strengthen Anti-Discrimination Law

WHYY, May 29, 2024, ‘A Huge Deterrent Effect’: Philly City Council Seeks To Strengthen Anti-Discrimination Law Philadelphia City Council has advanced legislation designed to strengthen a city law that protects against housing discrimination. The city’s Fair Practices Ordinance prohibits landlords and property managers from discriminating against people based on what’s known as “source of income,”

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The Washington Post: What Does It Take To Buy A House? Increasingly, Mom And Dad.

The Washington Post, May 27, 2024, What Does It Take To Buy A House? Increasingly, Mom And Dad. Home buyers are increasingly turning to family members, most often parents, for help buying a house in overpriced and undersupplied markets, reflecting a shift in the way many families finance homeownership. The share of young home buyers

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Politico: Six States Where Housing Is Hard To Find-Here’s What Governors Are Doing About It

Politico, June 12,2024, Six States Where Housing Is Hard To Find-Here’s What Governors Are Doing About It Population changes spurred by the pandemic. Byzantine zoning laws that make construction agonizingly slow and expensive. Stagnant wages amid stubborn inflation rates. All these factors have contributed to years of skyrocketing housing prices — and leaders in Washington, including

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The New York Times: How An American Dream Of Housing Became A Reality In Sweden

The New York Times, June 8, 2024, How an American Dream of Housing Became a Reality in Sweden As an architect, Ivan Rupnik thinks the solution to America’s affordable housing shortage is obvious: Build more houses. Start today. But the way homes are built in the United States makes speed impossible. Years ago, Rupnik’s Croatian

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CBS News: New $23 Million Detroit Housing Project Opens Near Michigan Central

CBS News, June 11, 2024, New $23 million Detroit Housing Project Opens Near Michigan Central A new $23 million mixed-use housing project has been completed near the newly renovated Michigan Central. The Brooke on Bagley is a mixed-use and mixed-income housing development at 2420 Bagley. It consists of 78 apartments, 16 of which are affordable housing

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Applications Now Open For The NCRC Fellowship For Equitable Development

The National Community Reinvestment Coalition (NCRC) is launching the third year of its transformative fellowship program that matches top-level master’s degree students with esteemed community development organizations.  The NCRC Fellowship for Equitable Development offers a unique opportunity for fellows to gain hands-on experience, kickstart their professional development and contribute to innovative projects. In return, organizations

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NCRC Testimony at FHFA Listening Session and Comments in Response to FHFA RFI on Equitable Housing Finance Plans

Josh Silver, Senior Advisor, NCRC, June 5, 2024 The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the equitable housing finance plan requirement for the Government Sponsored Enterprises (GSEs). The GSEs, Fannie Mae and Freddie Mac, are major entities in the secondary market providing liquidity for banks and other lenders when they

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