first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-03-12 Christina Hughes Babb  Print This Post in D&I, Daily Dose, Featured, Government, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago “It is daunting to take on a representation gap so huge that it would take over a century to close without intervention,” he said.In 2018 Fannie created Future Housing Leaders (FHL) to use its position in the housing ecosystem by rallying its customers in a concerted effort to diversify the housing industry. The program involves partnering with university-backed initiatives to connect college students to paid summer internships and early career opportunities in the housing industry, with an emphasis on recruiting where historically underrepresented groups can be made aware of these opportunities.”While this undertaking is not an easy feat, it is exciting to tackle this challenge with steadfast partners who share Fannie Mae’s commitment to promoting diversity, equity, and inclusion,” Imo said. “If we succeed, our efforts will have a resounding impact on the housing industry, homebuyers and renters, and the careers of Future Housing Leaders participants.” Previous: The Week Ahead: Overcoming Barriers to Create Economic Equality Next: Most Valuable Company Profile: Mortgage Contracting Services, LLC About Author: Christina Hughes Babb Recommendations for Closing the Diversity Gap in Housing Home / D&I / Recommendations for Closing the Diversity Gap in Housing Share Savecenter_img March 12, 2021 1,246 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago A pandemic that in the past year has changed every American’s way of life also has illuminated and exacerbated shortcomings in the U.S. economy and housing.”We Can’t Wait 114 Years to Close the Diversity Gap in Housing”—it’s the central theme of an essay from Kenneth Imo, VP of Diversity and Inclusion at government-sponsored enterprise Fannie Mae.”Over the past year, social unrest and the pandemic have cast a glaring spotlight on the persistence of systemic racial and socioeconomic inequity, including the widening wage gap between White and People of Color households,” Imo wrote. “For most of America, sustainable homeownership has been a main driver of generational wealth accumulation. However, laws mandating segregation, and policies and practices such as redlining, which prevented Black homebuyers from accessing credit for home and business mortgages, created inequitable access to homeownership and the financial rewards accompanying it.”He points out that the housing sector is further behind when it comes to inclusion and diversity than the country as a whole.The Brookings Institute in 2019 showed Whites, Hispanic or Latino, Blacks, and Asian Americans currently represent 60.1%, 18.5%, 12.5%, and 5.9% of the U.S. population, respectively.When it comes to the population of Americans working within housing-finance and related areas, those numbers shift to 71.6% White, while Hispanic or Latino, Blacks, and Asian Americans represent 9.1%, 7.5%, and 9.4%, respectively.”It is imperative that the industry reflect the country it serves to more effectively address the inequities …,” he noted.And this ostensibly impacts the share of Americans who own homes. The rate of Black homeownership today is 29 percentage points lower than for White households, according to the U.S. Census Bureau.The median wealth of White households ($162,800) in 2016 was ten times higher than Black households ($16,300), and eight times higher than Hispanic households ($21,400), which is partially attributable to historically lower homeownership rates among these groups, as reported by the Joint Center for Housing Studies of Harvard University. A separate report from Redfin just showed that despite the “substantial home-equity uptick” in 2020, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans.“Black homeowners benefited from 2020’s hot housing market, and the trend is continuing into this year as Americans remain intensely interested in relocating and buying homes and home values continue to rise,” Redfin’s Chief Economist Daryl Fairweather said. “But less than half of Black Americans own the home they live in, so most of the Black community didn’t benefit from the enormous wealth homeowners have gained in the past year. Especially compared with the three-quarters of White Americans who own their homes, the total benefit for Black families across the country is relatively small. With higher unemployment rates and less overall wealth, Black families were not as likely as White families to buy homes even when prices were comparatively low.”Redfin’s economist echoes the idea that COVID-19 illuminated and exacerbated the problems of inequitably and inequality.”Now that prices are so high and the pandemic has contributed to high unemployment, especially for Black workers, it’s even more difficult for people who don’t already own homes to break into the housing market,” Fairweather continued. “There is a major need and a big opportunity for policymakers to enact programs like down-payment assistance and zoning reform to help narrow the homeownership gap and enable more Black families to build wealth through home equity.”Racist housing policies like redlining and racial covenants, which have been illegal for decades, continue to contribute to homeownership and wealth gaps between Black and white Americans, she added.Imo and Fannie Mae are floating a solution to the dilemma, which feels overwhelming when one examines the numbers, saying, “We must act with intentionality.” Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

first_imgStudents and fellows packed the John F. Kennedy Jr. Forum on Tuesday, just before the State of the Union address, for a screening of the award-winning documentary “The House I Live In.” Following the screening, there was a Q-and-A with writer-director Eugene Jarecki and Professor Charles J. Ogletree, who is interviewed in the film.Produced by Hollywood notables such as Danny Glover and Brad Pitt, “House” is a riveting look at many aspects of the war on drugs. Jarecki has taken the film to the streets, with screenings in churches and community centers across the country. His goal is to get his message to where people need to hear it, he said, so after a showing in Roxbury on Monday, he brought it to the Kennedy School.During the screening, the audience gasped and laughed, sighed and choked up. When it was over, Jarecki, kicking off the Q-and-A, was blunt: “Capitalism in its form that we are seeing in the United States right now is an enemy to democracy.”Ogletree, the Jesse Climenko Professor of Law and director of the Charles Hamilton Houston Institute for Race and Justice, was on hand to answer questions because, he said, it’s important “to make people understand what has happened the last few decades,” and that the war on drugs and mass incarceration are problems “affecting every community.”Shanequa Benitez was featured in the film “The House I Live In,” which was screened at the Harvard Kennedy School, followed by a Q-and-A. Treatment is the No. 1 goal, agreed Jarecki and Ogletree. Photo courtesy of Samuel CullmanThe drug war’s “industrial inhumanities,” said Jarecki, do have a solution: an end to the war on drugs.Jarecki and Ogletree both hit one word like a drum throughout the conversation. “Treatment,” they insisted, should replace the drug war model. Treatment, they said, would make drugs a public health problem, rather than an issue handled by law enforcement.“Treatment is not our No. 1 goal, but it has to be,” said Ogletree. “We have to start that dialogue here. They [drug users] are people too.” He also called for an end to mandatory minimum sentencing laws for drug defendants.Jarecki took care, in the film and during the Q-and-A, to describe the issue not as one of race, but class.The drug war “is not on anyone’s agenda,” said Ogletree, adding that President Obama probably wouldn’t mention it during his State of the Union address (he didn’t).“We have to start right here, right now. [We’ve got] to stop this incredible use and misuse of power that has millions of people in jail and going to jail.”The evening was co-sponsored by the Center for Public Leadership’s Student Advisory Board, the Charles Hamilton Houston Institute for Race and Justice, the Criminal Justice Professional Interest Council, the Harvard Black Law Students Association, the Harvard Kennedy School Black Student Union, and the Harvard Undergraduate Legal Committee.last_img read more

first_imgGREENSBURG, Ind. — MainSource bank announced earlier in December that Daryl Tressler, former President and CEO of the bank, would retire at the end of 2016.All customers and community members are invited to attend an open house reception for Mr. Tressler.The open house is scheduled for Tuesday, January 17 from 2:00 – 4:00 PM.The open house will be held at the MainSource Bank Headquarters Building in Greensburg.last_img

first_imgSunderland head coach Dick Advocaat does not care what relegation rivals Newcastle, Leicester and Hull do as the quartet attempt to dig themselves out of trouble. Sunderland ended a run of six successive league defeats at Goodison Park last season when Ki Sung-yeung’s first-half penalty was enough to see off the 10-man Toffees, and tangible reward for their efforts this time around could prove crucial with the Dutchman having been forced to recalculate his points target despite collecting seven from his first five games at the helm. He said: “When I started, I said six, seven points must be enough. But I think we need three, four more. But that’s possible.” Advocaat will be without skipper John O’Shea on Merseyside as the former Manchester United man, who had not missed a single minute of the campaign until injury intervened during the win over the Saints, sits out with a rib problem, while £10million signing Jack Rodwell has succumbed to a hamstring strain. But striker Steven Fletcher is back in contention following his ankle injury, and defender Wes Brown makes a timely return to the squad for the first time since damaging a knee back in March. O’Shea, who will travel with the squad as he attempts to recover in time for next weekend, will be a miss, but Advocaat is confident the gap he leaves can be plugged. He said: “We can’t take any risks with John O’Shea because we still have important games to come. He was not 100 per cent fit, so we can’t take any risk with that. “The good thing is that Wes played on Monday a half-game with the second team and trained this week, so he looks good.” The current Barclays Premier League table suggests those three clubs will be battling over the remaining weeks of the season to avoid being the team which joins Burnley and QPR – who are in even greater danger – in next season’s Sky Bet Championship. The Black Cats are currently in the bottom three, but just a point behind Hull and Leicester – who visit the Stadium of Light next weekend – and two shy of the Magpies. But Advocaat, whose side have a game in hand on the others – albeit away at Arsenal ahead of a final day trip to Chelsea – has challenged his players to keep their fate in their own hands as they head for Everton on Saturday. The 67-year-old said: “I don’t care at all. I only care about our club. I don’t care about Newcastle or Hull or whatever. “We have to do it by ourselves and not look too much to other teams. We have to do it on the pitch and show them what we want. “That’s the most important thing – but everybody is counting only the first two games. They are important, but we still have two games to play against Arsenal and Chelsea as well. “Everybody is counting those already as nothing, and I don’t see why.” There were anxious eyes cast towards television screens on Wearside, Tyneside and in the east midlands on Monday night as Hull hosted Arsenal and lost 3-1, but it proved of only passing interest to Advocaat. He said: “I take an interest, of course, but we have to do it by ourselves. I’d be lying if I said I was not happy with the result on Monday so in that way, it was good for us. “But we also still have some very important games at the end, so let’s wait and see. Tomorrow’s is the most important game now against Everton.” Press Associationlast_img read more

first_imgThe Donegal County Council has welcomed the recent announcement of funding for the repair of homes affected by Mica in Donegal. The announcement comes as homeowners await details on how a €20million investment, which was announced earlier this year, will be used on a redress scheme.On Tuesday, Minister Joe McHugh said that a ‘special funding pot’ of €40million will be set aside in 2020 for the fixing of homes affected by both Mica and Pyrite. Speaking today, Donegal County Council said: “The recent announcement by Government of funding for the Mica Redress Scheme in Budget 2020 is a welcomed development.“Donegal County Council can confirm that engagement is ongoing with officials in the Department of Housing, Planning and Local Government in relation to the details of the scheme, including enabling regulations, with the objective of concluding this work as soon as possible.“The council is also making preparations for the work in relation to the administration of the scheme so that when the regulations enabling the opening of applications to the scheme come into effect it will be in a state of readiness to receive and process applications.”Council welcome €40m repair fund for mica affected families was last modified: October 11th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

first_imgChristmas cheer and goodwill were the perfect mix at the ‘Rushe to Raise’ charity cinema day at Century Complex Letterkenny on Sunday afternoon.The annual movie fundraiser was another great success for organisers Emmet and Maria Rushe, with a large number of families turning out to enjoy a Christmas classic for a great cause.Now in its third year, #RusheToRaise 2019 brought The Grinch Movie back to the big screen for one day only. The event raised over €2,000 and all proceeds will be donated to two vital local funds – the Donegal Hospice and the Children’s Ward at Letterkenny University Hospital.Maria and Emmet Rushe with Mr Grinch at #RushetoRaise 2019 in Century Complex LetterkennyMr Grinch himself headed to the movies to welcome guests young and old to Century Cinema – and to cause a fair amount of mischief!Despite his dislike of Christmas, cinemagoers kept the festive feeling strong by wearing their best Christmas jumpers, accessories and enjoying treats provided by Maria and Emmet.The film day was another wonderful family occasion for children and adults, and is well on its way to becoming a yearly tradition for many.Emmet and Maria would like to say a huge thank you to Century Letterkenny for all their support as always and also to Noel O Donnell and Co for sponsoring The Grinch.See all the photos from the event below:Over €2,000 raised at ‘Rushe to Raise’ cinema day – Picture Special was last modified: December 1st, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

first_imgCalifornia’s state legislature has passed a measure that will simplify the permitting process for residential photovoltaic (PV) systems, which industry officials say could reduce costs to homeowners by $1,000 or more.According to an article in The Los Angeles Times, the measure requires cities and counties to adopt local ordinances that would make permitting and inspections faster.The Democratic sponsor of the bill, AB-2188, Assemblyman Al Muratsuchi, told the newspaper that on a visit to a solar company in Torrance last year he was told it often took 65 days to install solar panels, all but one day of which was spent “wading through the local bureaucracy to get the necessary permits and approvals.”The executive director of the California Solar Energy Industries Association complained that while PV systems had become “practically cookie-cutter” in their design, many local building departments were requiring “Byzantine permits,” The LA Times said.In addition to requiring more uniform installation rules, the bill also prohibits homeowner associations from imposing restrictions that would increase the cost of a PV system by more than $1,000.Separately, the California Energy Commission has issued new guidelines calling for 15% higher rebates for solar arrays that face west instead of south. South-facing panels generate more energy overall, but panels that face west produce more power in the late afternoon when demand for electricity goes up, according to a report from CleanEnergy Authority. State poised to update its building energy codeAs lawmakers sought to make solar rules less burdensome, the California Energy Commission was taking its first steps toward updating the state’s building energy code, known as Title 24.As reported on a Natural Resources Defense Council blog, the formal start of rule-making will result in revised efficiency standards for new construction and major renovations that would take effect in 2017.Title 24, first adopted in 1977, sets standards for everything from the amount of required insulation to what type of lighting should be used in homes and offices. Since its adoption, Title 24 has saved state residents more than $30 billion in energy costs, the NRDC said, while reducing greenhouse gas emissions and the demand for electricity.Citing statistics from the U.S. Energy Information Agency, the NRDC said the per capita use of electricity in California has remained essentially flat since 1975 while power consumption in the rest of the country has shown an increase of 50%.Energy standards that went into effect this July are expected to reduce energy use in new houses by 25%, plus cut water consumption by 200 million gallons a year.The blog said a number of changes are being considered for residential construction, including an increase in the amount of insulation, steps that would reduce energy losses through air ducts, a requirement for more efficient lighting, and the use of high-efficiency tankless water heaters.The state has already adopted an efficiency plan that calls for all new residential buildings to be net-zero energy by 2020.last_img read more

first_imgTyphoon Kammuri accelerates, gains strength en route to PH Lee logged only three minutes and 44 seconds in Game 2 in what could be his season-finale after his nagging knee injury recurred at the worst possible time for the Hotshots.READ: Meralco zaps lackluster Star, nears PBA semis sweepFEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“It’s the old injury,” Lee told reporters. “I aggravated it last game. I actually just forced myself to play last game. I tested it but I couldn’t.”He has been bothered by the same knee injury since last year. It was also the reason why he was pulled out of Gilas Pilipinas last March and in May of 2016. BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Brace for potentially devastating typhoon approaching PH – NDRRMC Lopetegui wants focus on soccer after Pique jeered by fans View comments Read Next LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary LATEST STORIES The playoff schedule also didn’t help the 28-year-old’s health issues with teams playing every other day.READ: Top seed Meralco comes back to beat Star in semis opener“Our games have been in succession so our PT told me that this is expected to happen. There’s a slight meniscus tear,” said Lee, who scored 11 points in Game 1.Lee said his status is “day-to-day” and he offered no assurance on whether he’s going to be available in Game 3 on Thursday.“I didn’t practice yesterday (Monday). I just tried to play today,” he said. “It’s painful. I made a quick move in the first quarter and I felt something.”ADVERTISEMENTcenter_img Fire hits houses in Mandaluyong City Nonong Araneta re-elected as PFF president Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games CONTRIBUTED PHOTO/PBA IMAGESSTA. ROSA — Paul Lee slogged his way out of Santa Rosa Multipurpose Complex Tuesday night. His head was slightly down, his gloomy face barely seen as he wore a black cap tilted downward.Star is one game away from getting swept by Meralco, which looked every bit of a top-seeded team, and the Hotshots could likely be without their prized guard as they fight for survival starting Thursday.ADVERTISEMENT Fire hits houses in Mandaluyong City Frontrow holds fun run to raise funds for young cancer patients  Don’t miss out on the latest news and information. MOST READlast_img read more

first_imgBrace for potentially devastating typhoon approaching PH – NDRRMC Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Read Next MOST READ LATEST STORIES Slow and steady hope for near-extinct Bangladesh tortoises Riding the wave NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers 2 ‘newbie’ drug pushers fall in Lucena sting John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding AFP official booed out of forum Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. Michael Christian Martinez of the Philippines performs during the men’s short program figure skating in the Gangneung Ice Arena at the 2018 Winter Olympics in Gangneung, South Korea, Friday, Feb. 16, 2018. (AP Photo/David J. Phillip)Michael Christian Martinez had a flawless run in the short program round of the men’s single figure skating in the 2018 PyeongChang Winter OIympics Friday at Gangneung Ice Arena.Performing sixth in the first wave of skaters, the 21-year-old skated to the tune of “Emerald Tiger” by Vanessa-Mae.ADVERTISEMENT Martinez scored 55.56 points from his performance, 26.04 from the technical elements and 29.52 from presentation without deductions, good for fifth place in the first group.Vincent Zhou of USA topped the competition after the first group with his 84.53 points.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe top 24 skaters in the short program will advance to the free skate round on Saturday. Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City View commentslast_img read more