The Los Angeles City Council on Friday will consider a motion introduced by Council President Nury Martinez aimed at preventing large tech companies and private equity firms from purchasing affordable, predominantly single-family housing as investments.
The President extolled the virtues of Black-owned newspapers and media companies
That range highlights the need for federal intervention — both continuing the moratorium, which happened this morning, and additional assistance that will help not only struggling renters but also their landlords, such as the $45 billion in rental assistance in the recently passed federal stimulus bill.
With the theme, “Black Business Challenges Responsibilities and Opportunities Amidst COVID-19 Pandemic,” Black Press publishers, readers, viewers, sponsors, partners, and anyone else tuning in were enlightened about overcoming adversities on many levels. “We will have informative workshops,” promised Pluria Marshall Jr., the NNPAF Chair and CEO of Marshall Broadcasting Group. Marshall and his colleagues delivered.
In 2015, California had the third-lowest homeownership rate in the nation, according to the United States Census Bureau. More than 1.2 million Californians foreclosed on their homes during the Great Recession and today many are still experiencing the impact of those losses.