The devastation that communities in the Rio Grande Valley experience is twofold: the initial destruction of the floods and the cycle of debt and poverty as a result of predatory loans.
Andre M. Perry’s Know Your Price: Valuing Black Lives and Property in America’s Black Cities reveals the web of historical and contemporary socioeconomic barriers that maintain the racial wealth divide and does this through personal narrative, history, and an exploration of a wide array of social issues.
The financial industry has been one of the main perpetrators of racial discrimination. It should be obligated to serve all communities, particularly communities of color.
CDFIs and nonprofits are figuring out how to help formerly incarcerated people build credit histories and access capital in order to get their lives going.
Financial education messaging is too often presented as if individual behavior and attitudes are the cause of our growing economic challenges rather than our social, economic, and political systems.
A review of "The Making of a Democratic Economy: Building Prosperity for the Many, Not Just the Few," by Marjorie Kelly and Ted Howard
Targeted investments that address persistent poverty are necessary and should supersede financial support of a border wall.
If CDFIs adopted traditional appraisal standards to determine loan amounts, they'd make very few loans in the communities they were founded to serve.
Estate planning should be employed as part of a broader plan of preservation of wealth and assets in communities of color.
As tenant struggles become a bigger focus of activist recruitment, Randy Shaw’s new book, Generation Priced Out, is an essential organizing guide.
Of the 987 low-income renters whose rents were reported through a pilot program, 79 percent saw their VantageScore increase by an average of 23 points, and 15 percent moved into a lower credit score risk tier.
The CFPB's new head must unequivocally stand with low-income communities of color and restore public trust.
Over a dozen stories of how Americans from all different backgrounds have managed to leverage a few thousand dollars to lead lives that have helped thousands of other people, and strategies to reinvigorate a movement to influence asset building policy nationally.
In discussions around closing the racial wealth gap, we should be reminded that a very large portion of wealth gained by white Americans should be seen as ill-gotten.
News from—and affecting—the community development world.
How would you measure someone making progress toward escaping poverty? If you've been tuned in to the asset-building movement you might look at their accumulation of assets and preparation for a financial emergency. You might also want to look at cash flow. But can poverty-fighting be solely measured by money?
When this limited-equity cooperative in California began more than 30 years ago, it wasn’t the most affordable place to live. But now the co-op’s monthly costs are 50 percent lower than the average market-rate apartment.