Florida Financial Institutions Need to Expand Their CRA Activities
Carras Community Investments, Inc.
September 23, 2014
The U.S. Department of Treasury, Community Development Financial Institution (CDFI) Fund announced that $17.9 in Bank Enterprise Awards (BEA) has been distributed to 69 banks throughout the country to increase lending in distressed communities and/or investments in CDFI's. No funds were awarded in Broward County, South Florida or Florida in general. This is a warning indicator that banks are not increasing their lending and activities in Florida and its communities. This is an opportunity to remind Florida financial insitutions that rewards are available to them for expanding their Community Redevelopment Agency (CRA) activities.
Social Impact Calculator
Capital for Healthy Families & Communities
September 18, 2014
A first-of-its-kind tool that allows us to estimate the social impact of our investments in dollars—providing a new way to assess how effective we are in creating pathways of opportunity in low-income communities. We are pleased to present the calculator as an interactive tool for you to learn how it works, offer feedback, and use for your own purposes. More...
JCHS Panel discussion
Video: Panel Discusses Housing America’s Older Adults Report
Joint Center for Housing Studies of Harvard University
September 17, 2014
The Joint Center for Housing Studies (JCHS) published Housing America’s Older Adults which analyzes America’s aging population’s demographics, housing data, accessibility issues, community needs, long-term support and related services. The report found that in 15 years the population aged 50+ will rise to 132 million and in 2012 one third of older adults pay over 30 percent of their income on housing, rendering them “cost-burdened.” The JCHS hosted a panel discussion about the report on September 2, 2014 in Washington D.C. and the videos of the discussion are available to view.
Green Initiative's Impact on Housing Affordability
September 12, 2014
Fannie Mae published a white paper addressing the effect of green building practices on the “quality and affordability of multifamily housing.” Transforming Multifamily Housing: Fannie Mae's Green Initiative and ENERGY STAR® for Multifamily paper analyzes risks, property improvements, key findings, and cost drivers for energy and water. The paper provides a toolkit and survey results to assist in multifamily development decision making. Key findings include: inefficient properties can spend up to $165,000 more in annual energy costs, and inefficient properties use over three times as much energy and six times as much water. Fannie Mae offers affordable housing owners loans to help subsidize the cost of green building improvements.
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