Tag: poverty
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The Investing in Opportunity Act: Private-Public Partnerships Helping Low-Income Communities
In December 2017 Congress passed the heavily-debated GOP tax bill, with highlighted features such as a $1.5 trillion tax cut, lowered tax rates for individuals and corporations, a cap on mortgage interest deduction at $750,000, and a doubling of the standard deduction and child tax credit. The effects of these changes might make an impact…
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First Lady of Illinois Delivering Keynote Address at NAWRB Conference
Women in the Housing & Real Estate Ecosystem (NAWRB) is honored to announce that Diana Mendley Rauner, Ph.D., President of the Ounce of Prevention Fund and First Lady of Illinois, will deliver a Keynote Address during the 2018 NAWRB 5th Annual Conference, “Year of Women,” on July 29th-31st in Chicago, IL at The Standard Club.
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Helping Women have a Home for the Holidays
Held on October 26, 2017, the 18th Annual WISEPlace “A Home for the Holidays” took place in Orange, CA celebrating the success stories of women creating better lives. WISEPlace transforms the lives of women every year by providing “safe, affordable transitional housing, healthy meals, financial-empowerment curriculum and employment assistance” helping women escape homelessness and gain…
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Happy Women’s Entrepreneurship Day
November 19th is Women’s Entrepreneurship Day (WED), a global observance celebrating women entrepreneurs and generating solutions to support women’s advancement. This Sunday will mark the fourth anniversary of WED; the first installment was introduced in New York City at the United Nations in 2014 and was recognized by 144 countries.
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House Passes New GOP Tax Plan
The U.S. House of Representatives has passed the GOP tax reform plan that has been the subject of widespread discussion and analysis in recent weeks. The bill, called the Tax Cuts and Jobs Act passed with a 227-205 vote and carries with it major financial consequences for consumers, homeowners and businesses alike.
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New Tax Plan: Effects on Affordable Housing and Small Businesses
The number of affordable housing units could be reduced by nearly 1 million under the proposed GOP tax bill, according to Novogradac & Company, a San Francisco-based national accounting firm. For Americans who utilize and depend on subsidized housing, being subjected to rising rents that currently exhibit a 2.7 percent year-over-year increase is all but…
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Wealth Gap Gets Bigger for the Middle Class
The income inequality between white households and black and Hispanic households has been a historical issue in the U.S. that widened following the 2008 financial crisis. Recent Pew Research Center analysis of Federal Reserve Board data highlights this wealth gap, delving into its racial and ethnic characteristics for families at different income levels.
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Homeownership Rate Increases in the 3rd Quarter 2017
According to the U.S. Census Bureau’s latest “Quarterly Residential Vacancies and Homeownership” release, the U.S. homeownership rate increased to 63.9 percent in the third quarter of 2017. This rate was not statistically different from those of the second quarter 2017 (63.7 percent) or the third quarter 2016 (63.5 percent).
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Hispanics: College Enrollment Leading to Homeownership
The Pew Research Center reports that the college enrollment rate of Hispanics continues to rise and their dropout rate has fallen to a new low. Analyzing Census Bureau data, Pew found that in 2016, the Hispanic high school dropout rate decreased to 10 percent from 16 percent just five years earlier; and Hispanic high school…
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Subcommittee on Housing and Insurance Examines Family Self-Sufficiency Program
Today, the Subcommittee on Housing and Insurance held a hearing to review the Family Self-Sufficiency Program (FSS), a program that helps “enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies.”