Finance

CD-9 Welcomes Residents Applying for BIG:LEAP Program

South L.A. residents lined up on October 29, at the field office of Councilmember Curren Price, Jr. to apply for the BIG:LEAP – the Basic Income Guaranteed: Los Angeles Economic Assistance Program. The citywide program, which accepts applications until November 7, will provide 3,000 recipients with $1,000 per month for 12 months with no-strings-attached or conditions on how the funds must be spent.

Owning a Home: Guidance from Your Local Home Lending Advisor in Los Angeles

Are you considering buying your first home, but unsure where to start? Purchasing a home is one of the biggest financial decisions a person can make, and the path to ownership may feel confusing for many first-time buyers. Thankfully, it doesn’t have to be. Chase bank can help you navigate the homebuying process so getting the keys to your first home may be closer than you think.  

Biden-Harris Administration Steps up Efforts to Narrow Racial Wealth Gap

The Biden-Harris Administration is announcing additional steps to end discrimination and bias in the housing market. “More than 50 years since the Fair Housing Act’s passage, access to wealth through homeownership remains persistently unequal,” administration officials stated. “In his first week in office, President Biden issued a memorandum directing the U.S. Department of Housing and Urban Development (HUD) to address discrimination in our housing market.”

Many Black Renters, Hit Worst By COVID, Remain in Dark About Billions in Relief Funds

But many renters, including Black Californians who lease residential property, may not know about the state’s new CA COVID-19 Rent Relief program or they may not have details on how to apply for the available assistance. Other advocates say some renters could simply be confused because there are multiple rental relief programs at the county or city level to help renters.

System for Unemployment Benefits Exposes Digital Divide

As a social worker with the Denver Public Library, part of Sonia Falcon’s job is to help people in East Denver use government services and benefits. But she’s never seen anything like the unemployment case that has consumed her work since February.

Garcetti Reveals Top Priorities in 2021-2022 Budget Proposal

Delivering the financial document to the City Council on April 20, the mayor indicated his top interests include addressing the homelessness crisis, investing in small businesses, upgrading opportunities for young people and improving the quality of life for many Angelenos by implementing a guaranteed basic income pilot program. 

Goldman Sachs Financial Group Commits $10 Billion in Investment Capital to Impact One Million Black Women

The Goldman Sachs joined roundtables that focused on the barriers Black women face as entrepreneurs, and how targeted investments can work as a bridge to equality. Their compass in navigating through directive comes from Goldman’s relationships with sororities such as Delta Sigma Theta Inc., Alpha Kappa Alpha Inc., Zeta Phi Beta Inc., and Sigma Gamma Rho S Inc., and Black women’s organizations, such as the National Council of Negro Women, Black Women’s Roundtable, the National Coalition on Black Civic Participation, Power Rising, Walker’s Legacy Foundation, The Links, Inc., and the Sistahs in Business Expo.