Economic inequality

Factory_OS Secures World-Class Supply Chain and Finance Partners to Meet Surging Demand for Affordable Housing

Retrieved on: 
Tuesday, April 27, 2021
Financial services, Finance, Banking, Affordable housing, Economic inequality, JPMorgan Chase

Shelter-in-place mandates drew attention to affordable housing as critical infrastructure, enabling the factory to remain in production throughout the lock-downs.

Key Points: 
  • Shelter-in-place mandates drew attention to affordable housing as critical infrastructure, enabling the factory to remain in production throughout the lock-downs.
  • Led by social impact investor Lafayette Square and supported by major technology and finance partners, Factory_OS is proud to announce additional investors in its final $60M Series B round: JPMorgan Chase and Saint-Gobain.
  • "Housing is the launching pad to resilient neighborhoods, well-paying jobs, and stronger financial futures for families.
  • Factory_OS has the power to disrupt the traditional housing construction system so that more families have an affordable place to live.

Housing Gains Could Grow Black Wealth More Than $500 Billion in a Decade

Retrieved on: 
Monday, April 26, 2021
Articles, Economy, Distribution of wealth, Wealth, Demographics, Millennials, Wealth in the United States, Economic inequality

In the most optimistic scenario, Black millennials could see housing equality in their retirement, and finally pass on some real wealth to the next generation.

Key Points: 
  • In the most optimistic scenario, Black millennials could see housing equality in their retirement, and finally pass on some real wealth to the next generation.
  • "\nAbout 42% of Black households own their home, compared to 72% of white households, and Black-owned homes are typically worth about 18% less than white-owned homes.
  • In the most optimistic, Black wealth would grow by more than half a trillion dollars -- from $931 billion to $1.46 trillion.
  • If the Black homeownership rate increased by five percentage points the wealth gap would decrease by $74 billion.

BLACK ENTERPRISE Presented Virtual Summit Focused On Closing The Racial Wealth Gap And Building Multigenerational Wealth In Black Communities, April 22

Retrieved on: 
Friday, April 23, 2021
Articles, Distribution of wealth, Occupy Wall Street, Economic globalization, Economic inequality, Libertarian theory, Social inequality, Wealth

b'NEW YORK, April 23, 2021 /PRNewswire/ -- BLACK ENTERPRISE presented its first-ever Wealth Building & Real Estate Summit , on April 22.

Key Points: 
  • b'NEW YORK, April 23, 2021 /PRNewswire/ -- BLACK ENTERPRISE presented its first-ever Wealth Building & Real Estate Summit , on April 22.
  • The Black Enterprise Wealth Building & Real Estate Summit focused on the key priorities for increasing the collective net worth of Black Americans and closing the nation\'s widening racial wealth gap.
  • To see a replay of the program, visit wealth.blackenterprise.com .\nBLACK ENTERPRISE, your ultimate source to build Wealth for Life, is the premier business, investing, and wealth-building resource for African Americans.
  • A multimedia, digital-first company, BE also produces video and podcast programming, business and lifestyle events, Web content, apps, and other digital media.

Columbus Metropolitan Housing Authority To Bring Free High-Speed Broadband To More Than 4,500 Residents Of Affordable Housing Units In A New Collaboration With Charter Communications

Retrieved on: 
Monday, April 19, 2021
Public housing in the United States, Affordable housing, Economic inequality, CMHA, Southeastern Massachusetts Agricultural Partnership, Economic geography, Economy

CMHA has more than doubled its portfolio of housing over that last five years, including over $200 million in investment in 2020.

Key Points: 
  • CMHA has more than doubled its portfolio of housing over that last five years, including over $200 million in investment in 2020.
  • We own over 4,000 units of mixed income and affordable housing and through our Housing Choice Voucher and Project Based Rental Assistance Programs provide rental assistance to more than 250,000 Ohio and Washington DC residents.
  • CMHA has been a Section Eight Management Assessment Program (SEMAP) High Performer for the last ten years.
  • The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals.

Gardner Capital Names Attorney Josh Mistler as Associate General Counsel

Retrieved on: 
Thursday, April 22, 2021
Finance, Money, Economy, Investment, Affordable housing, Economic inequality, Private equity

b'DALLAS, April 22, 2021 /PRNewswire/ -- Gardner Capital , a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently named Josh Mistler as Associate General Counsel for the company.

Key Points: 
  • b'DALLAS, April 22, 2021 /PRNewswire/ -- Gardner Capital , a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently named Josh Mistler as Associate General Counsel for the company.
  • I appreciate how Gardner is making such an impact and difference in St. Louis as well as communities across the country," Mistler said.
  • I greatly look forward to putting all of this to good use for Gardner and its growing national affordable housing projects.
  • Since 1992, Gardner Capital has placed more than $3 billion of equity in affordable housing and related investments.

Lument Named a Top Affordable Housing Lender for 2020, Completes More than $3 Billion in Transactions

Retrieved on: 
Thursday, April 22, 2021
Affordable housing, Economic inequality, Regional science, Articles, Economic geography, Housing in the United States, Public housing in the United States, Orix USA, Housing trust fund

b'NEW YORK, April 22, 2021 /PRNewswire/ --Lument ranked #6 on Affordable Housing Finance\'s Top 25 Affordable Housing Lenders of 2020 list with over $3 billion in closed transactions, doubling last year\'s volume.

Key Points: 
  • b'NEW YORK, April 22, 2021 /PRNewswire/ --Lument ranked #6 on Affordable Housing Finance\'s Top 25 Affordable Housing Lenders of 2020 list with over $3 billion in closed transactions, doubling last year\'s volume.
  • The financing activity created or preserved affordable housing at over 140 communities containing nearly 20,000 units.\n"We\'re honored to play a part in addressing our nation\'s affordable housing crisis," said James Flynn, CEO at Lument.
  • "Financing affordable housing is one of the most complicated areas of multifamily.
  • Lument is a national leader in commercial real estate finance, delivering a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate.

Median Texas home price up 13.4% during first quarter of 2021

Retrieved on: 
Thursday, April 22, 2021
National Association of Realtors, Austin, Texas, Cities in the United States, Geography of Texas, Economic inequality, Political divisions of the United States

b'AUSTIN, Texas, April 22, 2021 /PRNewswire/ --The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1 Texas Quarterly Housing Report released today by Texas Realtors.\n"The demand for housing in Texas remained strong despite the winter storm in February and the pandemic," said Marvin Jolly, chairman of Texas Realtors.

Key Points: 
  • b'AUSTIN, Texas, April 22, 2021 /PRNewswire/ --The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1 Texas Quarterly Housing Report released today by Texas Realtors.\n"The demand for housing in Texas remained strong despite the winter storm in February and the pandemic," said Marvin Jolly, chairman of Texas Realtors.
  • "\nDuring the first quarter of this year, 84,464 homes were sold in Texas, jumping 10.1% compared to the first quarter of 2020.
  • Rising mortgage rates in 2021 combined with recent rapid price growth will slow demand and, consequently, price growth to more sustainable levels.
  • "\nActive listings declined 53% from last year and stood at 43,542 homes for sale at the end of the first quarter of 2021.

Bo Hess Launches Campaign for U.S. House of Representatives for North Carolina's 11th Congressional District

Retrieved on: 
Wednesday, April 21, 2021
Affordable housing, Economic inequality

"My job is to listen and to put practical plans in place to improve people\'s everyday lives.

Key Points: 
  • "My job is to listen and to put practical plans in place to improve people\'s everyday lives.
  • For nearly 20 years, he has been proud to call Western North Carolina home.
  • Lack of opportunities, the rising cost of healthcare and affordable housing has pushed people into hard times," said Hess.
  • I want to work everyday in Congress to create practical policies that will help real people in their everyday lives.

The NHP Foundation and The Housing Authority of Baltimore City Increase Affordable Housing in Baltimore City "Areas of Opportunity"

Retrieved on: 
Tuesday, April 20, 2021
Affordable housing, Economic inequality

A trial was held in 2003 in federal court on the portions of the lawsuit not resolved by the partial consent decree.

Key Points: 
  • A trial was held in 2003 in federal court on the portions of the lawsuit not resolved by the partial consent decree.
  • The current HABC administration fulfilled the promise of completing the rehabilitation program.\n"The housing at Hollander Ridge extends this promise.
  • These homes are spread across several neighborhoods of the City and are grouped into six sections based on their geographical location.
  • For more information, please visit http://www.nhpfoundation.org .\nHABC is the fifth largest public housing authority in the U.S., providing quality affordable housing for more than 23,000 households.

Housing Costs are Rising Far Faster than Income

Retrieved on: 
Monday, April 19, 2021
Economic inequality, Affordable housing

b"SEATTLE, April 19, 2021 /PRNewswire/ -- QuoteWizard , a LendingTree company, and one of the nation's leading online insurance marketplaces released a new report on the increase in U.S. housing costs.

Key Points: 
  • b"SEATTLE, April 19, 2021 /PRNewswire/ -- QuoteWizard , a LendingTree company, and one of the nation's leading online insurance marketplaces released a new report on the increase in U.S. housing costs.
  • These rising costs are making even the average american home more unaffordable.
  • Our team of industry analysts found that over the last decade, the median price of a home is up nearly 70%.
  • The median income, however, is up less than 30% over the same time period.\nNevada, Idaho and Arizona have the largest disparities between housing costs and income.\nLouisiana, Delaware and New York are the only states that saw wages rise faster than housing costs.\nMedian home prices increased from $33,000 to $330,000.\nMedian income increased from $5,000 to $27,000.\nSee the full report here: https://quotewizard.com/news/posts/americas-unaffordable-housing-costs\n"