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Wells Fargo Invests $600K in Affordable Housing in Texas

Wells Fargo Invests $600K in Affordable Housing in Texas

  Working families in the Rio Grande Valley and the El Paso area of Texas now have access to more low-interest home loans, thanks to a $600,000 investment from Wells Fargo, a housing group and the bank announced on July 30.  Wells Fargo’s investment, which is a 10-year, low-interest loan, will be paired with an [...]
Convergence: Housing, Race and Black Lives MatterWith the Aug. 9, 2014 anniversary of Michael Brown’s killing still in the minds of people throughout the country, it is time for housing activists to support and build bridges with the movement known as Black Lives Matter. This call to action should not elicit the jaw-dropping, what-are-you-saying response that it often does. To begin [...]
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Zillow Economist: ‘Rents Are Insanely Unaffordable.’WASHINGTON (AP) — U.S. home rental prices climbed much faster than incomes in June. But there are signs of slowing momentum around major job hubs such as New York, Los Angeles and Washington. Real estate data firm Zillow said Thursday that U.S. rental prices rose a seasonally adjusted 4.3 percent in June from a year [...]
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Affordable Housing Near San Diego Gets $9.2M From State  An affordable housing project that will bring more than 200 rental units just south of San Diego received a much-welcomed financial boost on June 30, when the state of California awarded $9.2 million to support the development, an environmental justice organization reported.  One key to this overall effort, supporters say, was feedback from residents [...]
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Tool to Battle Housing Bias Is Kept by Supreme CourtWASHINGTON (AP) — A sharply divided Supreme Court on Thursday preserved a key tool used for more than four decades to fight housing discrimination, handing a surprising victory to the Obama administration and civil rights activists. The justices ruled 5-4 that federal housing law allows people to challenge lending rules, zoning laws and other housing [...]
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Gentrification Erodes the Idea of Housing as a RightEvery day the Metropolitan Tenants Organization works with renters who are facing the negative effects of gentrification and other economic forces that threaten their housing. Thousands of low-income renters and homeowners are displaced every year by a property law system with misplaced priorities. As a society, we all pay when people are involuntarily displaced because of increased crime, skyrocketing medical
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Moratorium on Luxury S.F. Condos Could go to BallotSAN FRANCISCO (AP) — Check out rental sites for San Francisco, especially the trendier parts: Well over $3,000 a month for a one-bedroom flat and nearly $5,000 for two bedrooms. Finding a place to live in the city has become so expensive and emotional that city supervisors considered a 45-day moratorium on luxury housing construction [...]
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More Older Americans Fight to Stave Off ForeclosuresWASHINGTON (AP) — Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They’re lining up gigs for their family jazz band. They enjoy performing. But it isn’t exactly how Al, an 86-year-old Korean War vet, or Saundra, 76, had expected to spend their retirement. [...]
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Audio Report: Will Baltimore Public Housing Idea Work?The frustrations that have convulsed Baltimore this spring have roots in police practices, yes – but also much deeper roots, roots that stretch back over a century, in a history of various government policies that made racial segregation official. Audio Report: Baltimore Public Housing Your browser does not support the audio element. Take public housing, [...]
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Rising Rent Now Affects a Majority of Tenants in U.S.NEW YORK (AP) — Renters are on the rise in America’s biggest cities, but many tenants are scrambling to keep up with growing rent bills and shrinking vacancies, according to a study released on May 28. From Boston to Miami, New York to Los Angeles, more than half of tenants are paying what experts consider [...]
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