Posted on May 13, 2008

Gregory Squires and Charis Kubrin offer a fascinating essay in Shelterforce this month where she examines some of the new ways that communities are growing in and in response to the pull of poverty.  Their findings show the path dependent nature of economic segregation and the linkages to race.

Their essay is worth reading.  Here are a few startling facts to consider:

  • In 1990, the typical black household earning above $60,000 lived in a neighborhood where the median income was $31,585.  A white household with the same income characteristic lived in a much more
Read More
Posted on May 12, 2008

The Institute for Building Technology and Safety has March shipment data out.

Manufacturers supplied North Carolina with 391 manufactured homes during the month.  Almost two-thirds (256) were double-wides.  North Carolina was a net importer of manufactured housing.  Only 365 units were produced

Read More
Posted on May 7, 2008

Fannie, reeling from losses, will be encouraged by its regulator to take on a risk, but borrowers in troubled markets will be denied the same opportunity.

The Office of Federal Housing and Enterprise Oversight (OFHEO) regulates Fannie and Freddie. In a note in March, OFHEO indicated it plans to reduce the amount of capital surplus that Fannie needs to keep on its books from 20 percent of assets to just 15 percent.

They may go even further, and lower the rule to 10 percent.

This means that Fannie can buy more mortgages. It is a game of brinksmanship which encourages our saftey cushion to step deeper into the

Read More
Posted on May 6, 2008

With time, it feels like Steve Preston's appointment to lead HUD is making more sense.  Yes, he comes from a background outside of housing.  Yes, he only has a portion of a year to turn around an agency that has been run into the ground by its previous leadership.  Yes, there are good people available

Read More
Posted on May 5, 2008

Duroville, a sprawling mobile home park home to thousands of migrant laborers in California's Riverside County, faces a long list of repairs in order to stay open.

The agreement comes through a decision made on a Federal case against the park's owner. Duroville will be subject to future inspections by the Environmental Protection

Read More
Posted on May 4, 2008

The crisis that may befall the 160 residents at Homestead Village Mobile Home Park in North Raleigh does not have to be a regular problem.  Solutions exist in many states to address this very problem.  North Carolina ought to think about what it can do, because safeguards can be applied to protect our citizenry living in mobile home parks.

To review, the residents at Homestead Village will be kicked out of their homes in the near future if the City of Raleigh goes ahead with a proposal to rezone the 38.5 acres in their park to mixed use commercial.  Such a rezoning is the request of a buyer for the land who would presumably build shops, offices, and mixed use on the site.  It is located on a sought after part of land near Capital Boulevard in North Raleigh.

Rep. Susan Fisher (D-Asheville) introduced a bill last session (H1700) that would

Read More
Posted on May 3, 2008

MHR profiled problems facing 160 residents in the Homestead Village Mobile Home Park on Friday. This park is threatened with closure. There are good reasons behind the news. The park owner is 70 and he wants to get out of the business. He could sell the park to another person who would keep the park in operation.

A buyer, presumably willing to pay a higher price, has emerged who will buy the park

Read More



 LinkedIn Twitter Subscribe to our RSS feed

Connecting the Dots: How Wall Street Brings Fringe Lending to Main Street

At-risk students, for-profit college

"I Feel Like I was Set Up to Fail: Inside a For-Profit College Nightmare."

This story was published in Salon Magazine on January 27th, 2014. In March, Senator Richard Durbin cited this story when speaking on behalf of his bill, The Student Loan Borrowers Bill of Rights.

Sign up to join our mailing list!

Recent Comments

Recent Comments