Finance

Biden-Harris Administration Approves $7.7 Billion in Additional Student Loan Debt Relief

This measure targets three categories of borrowers: those qualifying for Public Service Loan Forgiveness (PSLF), participants in President Biden’s Saving on a Valuable Education (SAVE) Plan who are eligible for its shortened forgiveness period, and those benefiting from adjustments to income-driven repayment (IDR) plans.

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).