Economy

Black Families Are Facing More Threats to Homeownership

The high cost of housing, predatory financing programs, and the temporary nature of a critical government assistance program are all factors making it harder for Black Californians to buy homes — or keep the ones they already own. Policy leaders, building industry organizations and other concerned advocates are expressing concern that, if left unchecked, this crisis could worsen. “We have a massive housing shortage, and we should do everything we can to increase the production of housing throughout the entire state, not just infill areas,” said Cornelius Burke, Vice President of Legislative Affairs at the California Building Industry Association (CBIA).

Now and Later® and La La Anthony Team Up to Spotlight Self-Care Companies for National Black Business Month

In continued support of go-getters and changemakers in the Black community, the brand is launching ‘Pause Now, Hustle Later’ in partnership with media personality, entrepreneur, and candy lover La La Anthony, to spotlight five emerging black-owned businesses in the self-care space and to encourage fans to take a pause NOW, so that they can reset and reenergize for their daily hustle LATER.

SoCalGas Models Clean Energy with First-of-its-Kind [H2] Innovation Experience 

Lieutenant Governor Eleni Kounalakis recently joined with Southern California Gas Co. (SoCalGas) to unveil North America’s first-of-its-kind, clean, renewable microgrid and home, known as Innovation Experience ( IE), in the city of Downey. Using a blended fuel source, IE demonstrates the potential to reliably power entire neighborhoods, day or night, rain or shine, throughout the year while effectively reducing greenhouse gas emissions.  

IS YOUR MONEY SAFE IN THE BANK? 

On Friday, March 10, federal banking regulators shut down Silicon Valley Bank, or SVB, making it the second largest bank failure in U.S. history.  Many individuals and businesses found themselves wondering what all this meant and should they go down to their local bank and immediately withdraw all of their money.   

 7 tips for budgeting during inflation 

 Gas prices are high. Food costs are rising. Everything is going up and it’s all due to inflation. While the war in Ukraine was the catalyst for prices to go soaring, the domino effect only seems to get worse. Experts have concluded that the increases in prices will only continue to go up.