Graph created by JCHS
Housing Cost Burdens Continue to Strain Renters
JCHS Housing Perspectives
November 21, 2014
The Joint Center for Housing Studies analyzed data from the newly released U.S. Census Bureau 2013 American Community Survey and focused on the housing findings. In 2013 a third of U.S. households (34 percent) were cost burdened (spending more than 30 percent of income on housing). A quarter of all homeowners (26 percent) and half of all renters (49 percent) are paying 30 to over 50 percent of their incomes on housing costs. In 2013 the number of renters increased 615,000 to over 20 million and renters’ costs have risen while incomes have dropped. More…
Photo: U.S. Department of Education
Housing’s and Neighborhoods’ Role in Shaping Children’s Future
November 20, 2014
Children, minorities, the poor, and people with chronic medical conditions or behavioral health issues are disproportionately affected by living in inadequate housing and neighborhoods. Children are particularly vulnerable to influences from their residential surroundings; the quality of the environment in which young people learn and grow has serious implications for their physical health, behavioral and emotional welfare, school achievement, and economic opportunity, affecting them directly and indirectly through its impact on parents and the significant adults in their lives. More...
Photo by Mike Mozart
Bank of America Hit with Downgraded Community Reinvestment Act Rating
South Florida Business Journal/Adam O'Daniel
November 14, 2014
Bank of America's reputation suffered another blow this week as its Community Reinvestment Act rating was downgraded to "Satisfactory" from "Outstanding," ending a string of seven consecutive superior ratings. Once again, Charlotte-based BofA can blame the acquisition of Countrywide Financial and allegations of mortgage improprieties. Regulators at the Office of the Comptroller of the Currency on Monday released BofA's latest Community Reinvestment Act exam rating and slapped the bank with the downgrade. The rating is a key indicator of the bank's effectiveness in serving low- to moderate-income customers. More...
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