NAREB 2020 State of Housing in Black America (SHIBA) report shows how uneven mortgage lending practices, cumulative disadvantages and COVID-19 continue to obstruct growth of Black homeownership
The Board of Supervisors voted today to approve funding for a range of new housing projects, including the acquisition and conversion of eight motel properties to apartments for formerly homeless residents under the state’s Project Homekey.
Asher Abehsera, founder and CEO of LIVWRK, talks candidly about his purchase of the mall, his commitment to community inclusion, his partnerships with CIM and the Kushner Family.
Abehsera wants people to understand he is not from New York. In fact, he was born and raised right here in Los Angeles. He explains he grew up in the Pacific Pan Park area (Fairfax District), and his first job was at a gas station on La Brea at the age of 15. Abehsera’s mother is fifth generation Angeleno and his father is of Moroccan (North Africa) decent, and has spent his entire life embracing the diversity and multi-cultural lifestyle he grew up a part of.
Landlords can resume eviction proceedings after the Centers for Disease Control and Prevention issued clarifications to a previous executive order from President Donald Trump.
A study conducted by Harvard University’s Department of Housing Studies revealed that half of Americans who rent are either severely rent-burdened or moderately rent-burdened. For African Americans and Hispanics, researchers at Harvard determined a triple pandemic for those communities. Black and Hispanic households were “much more likely to contract COVID-19, suffer lost income, and face housing insecurity as a result of the pandemic,” the researchers concluded.
The Los Angeles Clippers have received final approval from Inglewood’s city government to begin construction on their new arena next summer.
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.
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.
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.
African American developers across California are worried about a rule change the state Department of Housing and Community Development (HCD) is considering.
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.
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. The development will offer low income housing units: 13 one-bedroom, 37 two-bedroom, and 24 three-bedroom units. Accessibility features include 1 accessible bathroom per unit, accessible kitchens, 11% of units with mobility features and 4% with communication features, and 100% of units will be adaptable. 2 bedroom units will be offered from 50-60% AMI and 3 bedroom units will be offered from 30-60% AMI. Unit amenities will include: dishwasher, garbage disposal, refrigerator, stove, range and central heat and air conditioning. Each unit will be equipped with balconies or private outdoor open
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.
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.
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.
A temporary-housing shelter providing 100 beds for homeless adults and 54 beds for youth opened today in the Venice area.