Categories

For Banks the Party Never Stopped

Houston        Seven years after the wheels started coming off the bank’s mad money train, it seems clear that settlements for mortgage abuse, which is euphemism for fraud, Dodd-Frank legislation, and what should have been the awesome weight of having collapsed the US and world economy and upended the lives of millions, have essentially been water […]

Residential Segregation and Upward Mobility

New Orleans         Reports of a new study by economists Raj Chetty, Nathaniel Hendren, and Lawrence Katz looking more deeply at the earning records of millions of families who moved to different addresses found that “poor children who grow up in some cities and towns have sharply higher odds of escaping poverty than similar poor children […]

Gentrification Outstripping Community Development

Protest in Chinatown over Gentrification

 New Orleans      Josh Ishimatsu wrote an interesting piece for theRooflines blog managed by Shelterforce magazine that asks troubling questions about whether rapid development in the form of gentrification has outstripped community development efforts.  He might have even gone farther and asked whether community development corporations have too often been […]

Smaller Units, Common Spaces, Affordable Land, and Housing

New Orleans         Recently we had one of those magical moments of organizational synergy when a new member working at the Gulf Coast head start facilities where we have a contract, signed up with Local 100 and her address indicated that she lived on Texas ACORN Street.  We were excited because those streets in ACORN Glen, […]

Is Affordable Housing Being Crucified by Inequality

IKEA home in Sweden

New Orleans      Increasingly it seems that we are going to have to decouple the issue of home ownership and affordable housing at least in the traditional sense of small footprints in the dirt with picket fences around them.  Home ownership due to harder loan standards, tighter credit, and the Great Recession […]

Predatory Rent-to-Own Scams Hark Back to Discriminatory Schemes

New Orleans               In the early days of ACORN in Little Rock in lower income, largely African-American neighborhoods before the 1978 Community Reinvestment Act was passed forbidding racial discrimination in bank lending and outlawing redlining, the stories of families trying to rent-to-own their homes were legion.  I read many of these documents carefully and knew families […]