The Rising Tide of Bank Protests

Despite Dodd-Frank and the Consumer Financial Protection Bureau, distrust for the banking industry in the United States remains palpable, and now we’re beginning to see a sustained, organized counterattack. Bank protests themselves are nothing new, but what is new is the alliance between PICO, National People’s Action, SEIU, Northwest Federation of Community Organizations (NWFCO), Southeast […]

Equity Is Not Optional

Focusing on the most vulnerable communities and people and addressing racial and economic disparities is not only the right thing to do — it’s the only way we can succeed in building strong regions and a strong national economy.

Sounding the GSE Death Knell

Last year, then-chairman of the House Financial Services Committee Barney Frank told Shelterforce, regarding Fannie Mae and Freddie Mac, “the model of a private shareholder corporation with a public mission doesn’t work.” HUD/Treasury’s February report to Congress, “Reforming America’s Housing Finance Market,” appears to agree — it is now infamous for its proposal to “wind […]

NCRC Files Fair Lending Complaints

The National Community Reinvestment Coalition has filed complaints with HUD against dozens of lenders who have set minimum borrower credit scores as high as 640 for Federal Housing administration (FHA) loans, even though FHA guarantees loans to borrowers with scores as low as 580. NCRC claims that this practice, known as credit overlays, “violates this […]

Fighting Predatory Equity

When predatory equity investors take a gamble on multifamily housing, it’s the tenants who suffer — whether from harassment or crumbling buildings. Advocates and tenants in New York have won the fight to get some of these buildings into responsible hands, but many are still in limbo, and some are reentering the cycle of speculation.

No One Left Behind

By 2050, possibly sooner, people of color will be a majority in our nation. There is no way we can build a strong, stable economy if that majority is denied access to a quality education, a stable place to live, employment, and all the other things that allow people to fulfill their potential. As Angela […]

Taking the Measure of Community

Contesting Community: The Limits and Potential
of Local Organizing
, by James DeFilippis, Robert Fisher, and Eric Shragge. Rutgers University Press, 2010, 208 pp. $25.95 (paper).

Saving the Birthplace of Hip-Hop

A Bronx-based building known as the birthplace of hip-hop has been the subject of a high-profile tug of war between gambling real-estate investors and an eclectic yet powerful group of tenants, housing advocates, city agencies, local politicians, and hip-hop artists. The building’s well-publicized plight has helped shine a light on the threat predatory equity poses to affordable multifamily housing.

Funding the Fund?

The president has included $1 billion for the National Housing Trust Fund in his FY12 HUD budget, as he did in FY10 and FY11, giving the fund, which was created in the Housing and Economic Recovery Act of 2008 but not funded, another shot at getting the $1 billion in capitalization advocates have been fighting […]

A HOME of a Different Name

In December, the Housing Opportunities Made Equal Act was introduced with moderate fanfare in an unusually active lame duck session of Congress. Unfortunately, HOME, which would amend the Fair Housing Act to prohibit discrimination on the basis of sexual orientation, gender identity, source of income, or marital status in the sale, rental, or financing of […]