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Banking Below 30: Why do banks own low-income Dallas housing?

Banking Below 30: Why do banks own low-income Dallas housing?
wfaa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfaa.com Daily Mail and Mail on Sunday newspapers.

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Joe Biden: Not Just President but Super-Superintendent of Insurance? | Arent Fox

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In addition to dramatically changing the policies of former President Trump on the pandemic, the economy, immigration, and other key issues, the Biden Administration is likely to substantially increase the federal government’s oversight of the insurance industry in at least two ways. First, by regulating non-bank companies that own insurers, and, second, through HUD, scrutinizing homeowners insurers for discriminatory underwriting, rating, and claims practices.
A. The Federal Reserve May Again Supervise Non-Bank Companies Which Own Insurers
The federal Financial Stability Oversight Council, under the leadership of Treasury Secretary Yellen, will probably revive the Obama Administration view that large financial firms that own operating insurance companies are fit candidates for designation as “systemically important financial institutions,” whose solvency will ultimately be regulated by the Fede ....

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Biden's fair housing face-off | The Real Deal

President-elect Joe Biden (Getty Images)
For decades, New York City has offered communities an enticing deal: Approve new housing and locals will get half of the affordable units.
But in 2014, the Obama administration warned the city that so-called “community preference” might be reinforcing segregation.
The city balked, offering to tweak the policy but not to dump it. “Without any promise of local benefits,” wrote Vicki Been then head of the New York City’s main housing agency getting local buy-in for projects could be “extraordinarily difficult.”
Federal housing officials felt community preference conflicted with an Obama administration rule requiring municipalities to show how they are combating exclusionary housing. But last summer the Trump administration repealed the Obama measure, Affirmatively Furthering Fair Housing, and the city’s policy remains unchanged. ....

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Fair Housing in the Age of Biden

President-elect Joe Biden (Getty Images)
For decades, New York City has offered communities an enticing deal: Approve new housing and locals will get half of the affordable units.
But in 2014, the Obama administration warned the city that so-called “community preference” might be reinforcing segregation.
The city balked, offering to tweak the policy but not to dump it. “Without any promise of local benefits,” wrote Vicki Been then head of the New York City’s main housing agency getting local buy-in for projects could be “extraordinarily difficult.”
Federal housing officials felt community preference conflicted with an Obama administration rule requiring municipalities to show how they are combating exclusionary housing. But last summer the Trump administration repealed the Obama measure, Affirmatively Furthering Fair Housing, and the city’s policy remains unchanged. ....

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Advocates Say Removal Of 'Shingle Mountain' Is Only The Beginning

KERA News
Marsha Jackson, a resident at Floral Farms, looks at the giant pile of shingles that is visible from her backyard. Jackson says she wears long-sleeved shirts when she’s outside due to the harmful particles in the air.
Though the city has hired a company to haul Shingle Mountain away, residents of Floral Farms in southeast Dallas say tearing it down would be just the start of the recovery process. They re calling for more to be done, including the implementation of a plan that will address racial zoning.
For close to three years, in the agricultural community of Floral Farms, a mound of shingles stands so high that it s been notoriously nicknamed Shingle Mountain. ....

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