Tag: static

Community Development News

Wages Are Falling Farther Behind Housing Prices   A worker would have to earn $13.87 per hour – called the “Housing Wage”– to afford the national median fair market rent for a two-bedroom rental house or apartment according to Out of Reach 2001: America’s Growing Wage-Rent Disparity, published by the National Low Income Housing Coalition […]

Shelter Shorts / Short Takes

Rent War Rages in New York City A pitched battle is underway in New York State, as landlord and tenant advocates square off over the expiration of rent regulations this June 15. Republican State Senate majority leader Joseph Bruno has vowed to let rent protections “sunset” if leadership reaches no deal with Assembly Democrats. But […]

Shelter Shorts

Landlord Tastes Own Medicine Newark landlord George Williams recently suffered a fate similar to that of Joe Pesci’s character in the movie The Super, in which a judge orders Pesci to serve time in the same decrepit building his tenants must endure daily. On November 22, Municipal Judge Paul R. Daniele ordered Williams to serve […]

Shelter Shorts

Jury Awards $3.2 Million in Lending Discrimination Case In the first jury trial in the United States dealing with mortgage lending discrimination, an individual was awarded $3.2 million in damages after a jury determined that he was discriminated against when denied a loan by First Gibraltar Bank (now known as First Madison Bank, FSB).  Gordon […]

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