On Monday, March 11th at 5:00 PM at Cafeteria 15L in Sacramento, The Two Hundred held a legislative reception releasing our video Redlined, a Legacy of Housing Discrimination. The event was cosponsored by the California Legislative Latino Caucus, the California Legislative Black Caucus, the California Asian Pacific Islander Legislative Caucus, the California YIMBYs, and California Community Builders. Our guest speakers included Assemblymember Lorena Gonzalez-Fletcher, Chair of the Latino Caucus, and Senator Steven Bradford, Vice Chair of the California Legislative Black Caucus.
We would like to thank everyone who was in attendance. We look forward to continuing the growth of our coalition and creating more awareness of the importance of homeownership for California’s future.
Food for thought …. Scholars debate whether income or inheritance is cause of racial wealth gap …. don’t forget segregated housing begets segregated education …. and second-rate jobs …. new twist on boot straps theory as in pull yourself up, up, up …. only problem with good education is debt, debt, debt …. The Great Recession meant loss of homes for people of color …. and 20 years of wealth lost …. the new Guv says no smoking as in prevent forest fires …. hope CARB gets the message ….
Economic Inequality: What It Is and How It Impacts You
YAHOO NEWS By Susannah Snider [March 21, 2019]
It’s nearly impossible to read the news these days without running across mentions of economic inequality.
In recent months, politicians have debated the merits of raising marginal tax rates on the wealthy, a move proponents say could reduce economic inequalities. Likewise, economic inequality takes center stage when columnists discuss the extreme riches of some of today’s business owners, like Jeff Bezos, who could purchase every home in Austin, Texas, according to real estate brokerage Redfin.
The real college crisis: Student debt drags down economy
NBC News Meet the Press [March 17, 2019]
“According to the Federal Reserve, a $1,000 increase in student loan debt causes a 1 to 2 percentage point drop in the homeownership rate for student loan borrowers during their late 20s and early 30s… The net impact is not only a drag in people’s personal financial situation, but it’s also a drag on the economy as a whole.”
Why Can’t We Close the Racial Wealth Gap?
CITYLAB Brentin Mock [March 21, 2019]
If the college cheating scandal has reinforced anything, it’s that one of the primary advantages of being wealthy is that the wealthy can buy more advantages. This helps explain why African Americans, who’ve historically been denied wealth, lag in almost every category of society behind whites, who have long benefited from capital extracted from black labor and culture.
Newsom declares wildfire emergency, waives environmental rules to expedite projects
LA TIMES Taryn Luna [March 22, 2019]
Gov. Gavin Newsom declared a state of emergency in California on Friday and waived environmental regulations to expedite nearly three dozen local forest management projects to protect communities from the deadly wildfires that have decimated regions up and down the state.
Food for thought …. In the news, Trump’s new budget takes from housing programs to fund the wall …. seems like that’s the new theme now-a-days or is it new …. blame the victim of failed policies …. put’em to work those lazy bums …. just like the good old days – sweat houses …. Berkeley, a pioneer in exclusionary zoning …. UCB has 10% homeless students …. couch surfing builds character …. new study shows Black and Latinos consume pollution White folks generate …. CARB says you colored people need to pay to clean the air
In President Trump’s $4.75T Proposed Budget, Housing Programs Lose Big
SAN FRANCISCO GATE By Clare Trapasso [March 11, 2019]
President Donald Trump just dropped his proposed budget for 2020, and it’s no surprise that the big winners are military spending, efforts to combat the opioid crisis, and $8.6 billion for his long-desired wall along the U.S.-Mexico border. But many other domestic programs didn’t fare as well, including housing for lower-income American families.
Despite high housing costs across the nation, Trump wants to slash the U.S. Department of Housing and Urban Development’s budget by $8.7 billion—or 16.4%—next year.
Open Forum: Bring back the ‘missing middle’ housing
SAN FRANCISCO CHRONICLE Nancy Skinner [March 11, 2019]
Tucked into neighborhoods throughout Oakland, Berkeley and many other Bay Area cities are small, beautiful duplexes, triplexes and fourplexes. These multifamily residences tend to be more affordable than single-family homes and were a major housing type in U.S. urban areas before World War II. But since the 1960s and ’70s, this type of essential housing has become illegal in neighborhoods throughout the Bay Area and nation because it exceeds the density allowed. That’s why it’s now called “missing middle” housing. It’s time we brought it back.
Study Finds Racial Gap Between Who Causes Air Pollution And Who Breathes It
NPR Jonathan Lambert [March 11, 2019]
Scientists and policymakers have long known that black and Hispanic Americans tend to live in neighborhoods with more pollution of all kinds, than white Americans. And because pollution exposure can cause a range of health problems, this inequity could be a driver of unequal health outcomes across the U.S.
Food for thought …. Is it all that bewildering why African Americans and Latinos lag in homeownership? …. especially once you consider a century (plus plus plus) of government housing discrimination …. big surprise!! Never got a chance to diversify assets …. oh my! Predatory leading …. bang, bang!Anti-gouging what a concept …. worth a try .… as more and more folks pay larger portions of their income towards rent and mortgages does this just stop the bleeding …. what about the healing ….
Over two hundred new housing bills in Sac …. oh no! …. new and improved …. after all the definition of insanity is doing the same thing over-and-over again expecting a different result …. hundreds of millions of dollars in play …. cha ching!
If California pursues a cap on rent increases, how many tenants will it help?
CALmatters By Matt Levin [February 22, 2019]
Less than four months after an initiative to allow cities to expand rent control failed overwhelmingly at the ballot box, and less than four months after then-incoming Gov. Gavin Newsom talked about brokering a compromise between tenant and landlord groups, no new legislation from lawmakers or specific proposals from the Newsom administration have been introduced to cap how much rents can rise.
California Department of Housing and Community Development Awards $76 Million in Federal Funds to Increase Homeownership and Affordable Housing Opportunities
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT Office of the Director [February 22, 2019]
The HOME Investment Partnerships Program (HOME) is the largest federal block grant to state and local governments designed to increase homeownership and affordable housing for low- and very low-income Americans. These awards help cities, counties, developers, and nonprofit community housing development organizations to create and retain affordable housing.