The Urban Institute

JPMorgan Chase Increases Housing Affordability Commitments With Additional $20 Million in Philanthropy and Expanded Customer Offerings

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Lunedì, Aprile 8, 2024
Residential Building & Real Estate, White House, Federal Government, Construction & Property, State, Local, Insurance, Finance, Banking, Professional Services, Philanthropy, Public Policy, Government, Fund Raising, Urban Planning, Personal Finance, DEI (Diversity, Equity and Inclusion), Other Philanthropy, Corporate responsibility, Element, Community development financial institution, Organization, Community development, Face, Chase, Country, Compass, Dreamaker, Partnership, Social mobility, Education, SPCP, City, Research, Policy, Acquisition, CFE, Family, The Urban Institute, Catapult, CDFI, UnidosUS, Housing, Investment, Urban, FSS, JPMorgan Chase, Economic development, HUD, Real estate

JPMorgan Chase is increasing its housing affordability commitments across the U.S. with expanded philanthropic capital and consumer lending products.

Key Points: 
  • JPMorgan Chase is increasing its housing affordability commitments across the U.S. with expanded philanthropic capital and consumer lending products.
  • “Healthy communities are integral to our business model, and affordable housing opportunities are vital to creating strong communities and building intergenerational wealth,” said Tim Berry, Global Head of Corporate Responsibility, JPMorgan Chase.
  • “The private sector has an important role to play alongside non-profit organizations and policymakers in advancing housing affordability, including increasing access to homeownership.
  • Delivering Impact with Organizations in Washington, DC and Across the Country
    Today’s philanthropic announcement builds on JPMorgan Chase’s $400 million five-year commitment to improve housing affordability and stability for underserved households.

GE HealthCare Establishes the GE HealthCare Foundation

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Mercoledì, Marzo 13, 2024
Baby, Maternity, Health, Philanthropy, General Health, Women, Radiology, Pharmaceutical, Health Technology, Foundation, Fitness & Nutrition, Consumer, Mother, Organization, ECHO, Health equity, Partnership, Research, Mortality, Child, Infant, AI, Record, The Urban Institute, Pregnancy, GE HealthCare, Safety, Urban Institute, BMMA, Nursing, Lwala

Today, GE HealthCare (Nasdaq: GEHC) a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, announced the establishment of its philanthropic entity, the GE HealthCare Foundation.

Key Points: 
  • Today, GE HealthCare (Nasdaq: GEHC) a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, announced the establishment of its philanthropic entity, the GE HealthCare Foundation.
  • The Foundation will operate as a charitable organization, incorporated separately from GE HealthCare, focused on advancing equitable access to precision healthcare.
  • The GE HealthCare Foundation supports nonprofit organizations aimed at making healthcare more accessible, personal, human, and flexible – and ultimately, strive to remove barriers that separate underserved communities from equitable healthcare.
  • “The GE HealthCare Foundation was born out of GE HealthCare’s legacy of delivering access to care, and a desire to advance health equity by reducing the limits and barriers faced by those in underserved communities,” said Danielle Halstrom, President of the GE HealthCare Foundation.

Community Redevelopment Inc. Formally Launches Joint Venture with Black Veterans Empowerment Council Inc.

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Martedì, Dicembre 5, 2023
Veteran, African Americans, Homelessness, City, Tenant, Person, The Urban Institute, Housing, Sleep, IBN, Urban Institute, OTC, Real estate

"By any objective standard, the number of Black veterans who need adequate housing is appalling.

Key Points: 
  • "By any objective standard, the number of Black veterans who need adequate housing is appalling.
  • "If we don't look to house our Black veterans first, we have lost the battle of stabilizing the Black veteran community.
  • Deadwiler further shared: "This is a win for CRDV due to the need in the Black veteran community for housing.
  • Black veterans and all veterans deserve better than to sleep on the streets.

Community Housing Capital to be Featured on Docuseries for its Work Financing $1.12 Billion in Affordable Housing Projects

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Giovedì, Novembre 16, 2023
Urban Institute, The Urban Institute, NeighborWorks America, Miami metropolitan area, Hope, Insurance, NUD, AMI, Interview, Housing, Joseph, National Urban League, Environment, CHC, Bank, Drug, Renewable energy, Chestnut

DECATUR, Ga., Nov. 16, 2023 /PRNewswire-PRWeb/ -- Community Housing Capital (CHC) will be featured on the docuseries "Viewpoint with Dennis Quaid" for the work it has done to finance affordable housing projects across the country. Over the past twenty-three years, CHC has issued loans totaling $1.12 billion to community and real estate developers across the country, helping unlock $3.38 billion in total development costs. CHC has enabled the creation or preservation of over 22,769 units for individuals and their families.

Key Points: 
  • "I saw firsthand the institutional racism that people of color have faced trying to get fair access to capital," said Dana Chestnut, Community Housing Capital.
  • "Affordable housing is clearly a critical issue across the US," stated a senior representative of Viewpoint.
  • "Our hope is that our work with Community Housing Capital can help us achieve our goals of informing the public on this critical sector."
  • Specifically, the increases in cost of capital, construction costs, land, and insurance have added tremendous pressure on the delivery of much-needed affordable housing.

Chaffin Luhana to Give Away 600 Turkeys in Greater Pittsburgh Area

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Martedì, Novembre 7, 2023
Holiday, Family, New York City Department of City Planning, U.S. Department of Agriculture, Office of Inspector General, Food, USDA, Oklahoma Department of Human Services, The Urban Institute, Urban, Department of Human Services, Urban planning, Feeding America, Bread, Unemployment, Privacy Office of the U.S. Department of Homeland Security, Hunger, Parent, Agriculture, Tourism, Greater Pittsburgh

PITTSBURGH, Nov. 7, 2023 /PRNewswire-PRWeb/ -- Chaffin Luhana LLP and The Chaffin Luhana Foundation are pleased to announce their annual Thanksgiving Turkey Giveaway—a campaign to help fight food insecurity throughout the Greater Pittsburgh area this holiday season.

Key Points: 
  • Chaffin Luhana LLP and The Chaffin Luhana Foundation are hosting their annual Thanksgiving Turkey Giveaway to combat food insecurity in the Greater Pittsburgh area this holiday season.
  • PITTSBURGH, Nov. 7, 2023 /PRNewswire-PRWeb/ -- Chaffin Luhana LLP and The Chaffin Luhana Foundation are pleased to announce their annual Thanksgiving Turkey Giveaway—a campaign to help fight food insecurity throughout the Greater Pittsburgh area this holiday season.
  • The foundation will give away 600 turkeys and online registration will be open until all turkeys are reserved.
  • With their mission of "Doing Good by Doing Right™", Chaffin Luhana and the Chaffin Luhana Foundation have long believed in giving back to the community through charitable contributions and scholarship donations.

NAHREP and the Hispanic Wealth Project Report on the Drivers of Hispanic Wealth

Retrieved on: 
Giovedì, Settembre 28, 2023
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MIAMI, Sept. 28, 2023 /PRNewswire-PRWeb/ -- The National Association of Hispanic Real Estate Professionals (NAHREP®) and the Hispanic Wealth Project™ (HWP) unveiled Part 1 of the annual State of Hispanic Wealth Report (SHWR) today at the L'ATTITUDE conference. The report, titled "Drivers of Wealth," provides a comprehensive assessment of the progress achieved and challenges remaining in narrowing the wealth divide between Hispanic and non-Hispanic white households. The full report, scheduled for release on November 9 at the HWP Hispanic Wealth Symposium in Washington D.C., will analyze updated household wealth data from the Federal Reserve.

Key Points: 
  • MIAMI, Sept. 28, 2023 /PRNewswire-PRWeb/ -- The National Association of Hispanic Real Estate Professionals (NAHREP®) and the Hispanic Wealth Project™ (HWP) unveiled Part 1 of the annual State of Hispanic Wealth Report (SHWR) today at the L'ATTITUDE conference .
  • The report, titled "Drivers of Wealth," provides a comprehensive assessment of the progress achieved and challenges remaining in narrowing the wealth divide between Hispanic and non-Hispanic white households.
  • The full report, scheduled for release on November 9 at the HWP Hispanic Wealth Symposium in Washington D.C., will analyze updated household wealth data from the Federal Reserve.
  • NAHREP and The Hispanic Wealth Project remain steadfast in their commitment to empowering the Hispanic community through financial education and opportunities for wealth creation.

Fannie Mae Launches New Resources to Help Latino Communities Access Homeownership

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Mercoledì, Settembre 27, 2023
Housing, Fannie Mae, OTCQB, History, New Markets Tax Credit Program, Urban Institute, The Urban Institute, FNMA, City, SPCP, Financial adviser, Real estate, Tourism

WASHINGTON, Sept. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced new resources and programs to provide responsible access to housing and long-term sustainable homeownership opportunities across the country for Latino communities and further the company's mission.

Key Points: 
  • WASHINGTON, Sept. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced new resources and programs to provide responsible access to housing and long-term sustainable homeownership opportunities across the country for Latino communities and further the company's mission.
  • Thin or insufficient credit history is a challenge disproportionately faced by Latino renters and first-time homebuyers, according to Fannie Mae's Latino Housing Journey research.
  • Fannie Mae plans to further expand the program to additional cities, to include those with large Latino populations early next year.
  • Additional resources are available to learn more about Fannie Mae's approach to providing equitable and sustainable access to housing opportunities for the Latino community.

Increased Use of Vouchers Could Bridge Racial Homeownership Gap

Retrieved on: 
Mercoledì, Giugno 14, 2023
JPMorgan Chase, Partnership, Housing, USI, Tax, Research, Urban Institute, PHA, The Urban Institute, Public housing, HCV, Insurance, Real estate, Management, Black

The study -- conducted by The Urban Institute in partnership with Urban Strategies Inc. (USI) and funded by JP Morgan Chase -- found that more Housing Choice Vouchers (HCV) could help reduce the racial disparity in homeownership, which is at its highest in 50 years. A key change would let households with an HCV use it for mortgage payments rather than rent.

Key Points: 
  • ST. LOUIS, June 14, 2023 /PRNewswire/ -- New research indicates that increased use of a homeowner voucher program could significantly shrink the racial gap between Black and white home ownership.
  • A key change would let households with an HCV use it for mortgage payments rather than rent.
  • Inequity in income, along with structural racist policies, leads to nearly half of all of the vouchers going to Black non-Hispanic households.
  • Public housing authorities that use the highest share of vouchers for home ownership tend not to have majority Black non-Hispanic clientele.

Solid Report Examines Expansion of Federal Facilities Funding for Public School Equity

Retrieved on: 
Giovedì, Aprile 20, 2023
University, Hanover Public School District, Office of Inspector General, U.S. Department of Health and Human Services, Berkeley, Common Core, Capital expenditure, Urban, Public expenditure, School, Student, Urban Institute, Natural National Landscapes, The Urban Institute, Education, U.S. Department of Education, Office of Inspector General, Management

BOULDER, Colo., April 20, 2023 /PRNewswire-PRWeb/ -- State and local governments invest a great deal in the infrastructure of the nearly 100,000 schools across the U.S., encompassing about 8.1 billion gross square feet of buildings. Yet recent years have seen a recognition that expanded federal funding will be needed to address shortfalls and inequities.

Key Points: 
  • Key New NEPC Review Takeaway: The Urban Institute report's recommendations provide useful insights for how state and federal policy can move toward more progressive capital funding approaches.
  • Yet recent years have seen a recognition that expanded federal funding will be needed to address shortfalls and inequities.
  • To that end, the Urban Institute recently released Assessing the National Landscape of Capital Expenditures for Public School Districts, which analyzes equity patterns of school capital investment.
  • The report relies primarily on school district annual capital outlay data reported in the U.S. Department of Education's Common Core of Data.

Pavan Agarwal CEO of Sun West Mortgage Company and MORGAN featured on FOX5 Las Vegas

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Mercoledì, Aprile 12, 2023
US, Intelligence, Sun West Mortgage, Urban Institute, Agrawal, The Urban Institute, Artificial intelligence, Health, Bias, Software, Cryptocurrency, Real estate

BUENA PARK, Calif., April 12, 2023 /PRNewswire/ -- Pavan Agarwal, CEO of Sun West Mortgage Company and founder of the new fintech startup Celligence, was featured on FOX5 Las Vegas as he demonstrated his award winning AI product called MORGAN .

Key Points: 
  • BUENA PARK, Calif., April 12, 2023 /PRNewswire/ -- Pavan Agarwal, CEO of Sun West Mortgage Company and founder of the new fintech startup Celligence, was featured on FOX5 Las Vegas as he demonstrated his award winning AI product called MORGAN .
  • On the broadcast Agarwal discussed topics ranging from artificial intelligence, systemic bank risk concentration, and lending equality.
  • His message was clear- mortgage lending can be complex, but MORGAN simplifies it for everyone.
  • His main goal with MORGAN is to even the playing field and uplift the buyer with the most complex financial situation.