Tuesday, August 4, 2020
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Real Estate
Blacks in California Split Over Vote That Could Raise Some Property Taxes
July 23, 2020
The initiative has caused proponents and opponents in the Black community to draw battle lines. Each side has dug in, pointing to the benefits or the dangers of Prop 15 in opposing efforts to win the hearts, minds and votes of African Americans and other Californians. If passed, Prop 15 would overturn Prop 13, a provision that has for 42 years now placed a hard limit on how much tax can be assessed on any property in the state.  ... read more »
Local Cities Should Support Affordable Housing Owners
July 2, 2020
As of 2019, the population of individuals experiencing homelessness has skyrocketed to 58,936 people in Los Angeles County alone. The homeless population in California reached 151,000 last year. The median price of a home in LA County was over $600,000 in 2019, and the average rent for a one bedroom was almost $2,000. ... read more »
Local civil rights leaders protest to stop CIM from purchasing Baldwin Hills Mall.
June 11, 2020
Local civil rights organizations protested in front of the Baldwin Hills Mall to send a message to CIM that they do not approve their purchase of the plaza. Recently, CIM bought the plaza and the community is concerned about what their plans are. ... read more / view gallery »
New Rule Could Deny Black Developers Access to $4 Billion-Plus in State Housing Funds 
May 28, 2020
African American developers across California are worried about a rule change the state Department of Housing and Community Development (HCD) is considering. ... read more »
Baldwin Hills Crenshaw Plaza Sold; Residential Redevelopment Plan Scrapped
April 29, 2020
Developer/investment firm CIM Group announced today it has reached a deal to purchase Baldwin Hills Crenshaw Plaza and will scrap a redevelopment plan that included a mix of residential and commercial space. ... read more »
ALERT: Low Income Housing Available
April 15, 2020
Los Angeles – Florence Mills Apartments will have 74 residential units, approximately 5,000 square feet of retail, and one level of subterranean parking containing 75 parking spaces. ... read more »
Fair credit denials limit wealth-building for Black consumers and businesses
March 19, 2020
For much of Black America, access to fair and responsible credit has been an elusive promise. Whether as consumers seeking the pride of homeownership or businesses seeking to begin or expand, securing credit remains an age-old, arduous and often frustrating pursuit – despite a slew of federal and state laws enacted to overcome these long-standing racial disparities. ... read more »
Clippers Owner Steve Ballmer Close to Owning the Forum
March 5, 2020
Los Angeles Clippers owner Steve Ballmer is in advanced negotiations to purchase The Forum in Inglewood from Madison Square Garden, multiple sources say. The move could possibly bring the franchise much closer to constructing their own arena. ... read more »
For People of Color, Gentrification is More a Curse than a Blessing
February 27, 2020
According to a March 2019 study by the National Community Reinvestment Coalition (NCRC), more than 135,000 Black and Hispanics around the nation were displaced between 2000 and 2012. Gentrification and displacement of long-time residents were most intense from 2000 to 2013 in the nation's biggest cities, and rare in most other places, according to the study. During those years, gentrification was concentrated in larger cities with vibrant economies but also appeared in smaller cities where it often impacted areas with the most amenities near central business districts. ... read more »
Temporary Housing Facility Opens in Venice for Homeless People
February 27, 2020
A temporary-housing shelter providing 100 beds for homeless adults and 54 beds for youth opened today in the Venice area.  ... read more »
Displacement in Los Angeles The First Time
February 14, 2020
Some of the country’s most intense “battles” around gentrification - commonly defined as the renovation or reinvigoration of communities or areas thru the influx of new residents and businesses which leads to the displacement of long-term residents from those same communities or areas - are currently being waged in predominantly Black South L.A. neighborhoods such as Leimert Park, View Park and Windsor Hills.  ... read more »
City Council Restricts L.A. Housing Land to Affordable Units
December 12, 2019
The Los Angeles City Council voted today to allow only affordable units to be built on city-owned land slated for housing. ... read more »
Housing for Vets Built Through Humanity, Politics and Love
December 5, 2019
Groundbreaking ceremony for Casa De Rosas gives former vets and their families a second chance ... read more »
Housing Discrimination Complaints Reach a 24-Year High, While HUD Rolls Back Fair Housing Rules
November 21, 2019
As a candidate, President Donald Trump promised if elected that deregulation of the federal government would be an administration priority. Soon after taking the oath of office, he issued an executive order requiring that all departments and agencies to eliminate two existing regulations for every one new regulation proposed. In some cases, rules that were adopted prior to his term office but had not yet taken effect were either suspended or delayed. ... read more »
Garcetti and Harris-Dawson Open Affordable Housing Units
November 14, 2019
Next to Rolland Curtis Gardens is near Expo Line in South L.A. ... read more »
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