Planetizen - Urban Planning News, Jobs, and Education

Banks

February 11, 2020, 6am PST
The Community Reinvestment Act of 1977 was the final of a suite of federal laws aimed at fighting racial segregation in housing. Congress is beginning to consider how best to modernize the act to meet the challenges of contemporary times.
Washington Center for Equitable Growth
June 19, 2018, 2pm PDT
A pair of interactive maps and a report compare access to opportunity in two very different neighborhoods. In both places, residents confront "friction of distance" and feel their input on public decision-making is limited.
Next City
February 16, 2018, 6am PST
Fifty years of the Fair Housing Act hasn't been enough to stop banks and mortgage lenders from discriminating against people of color. Some bad actors are worse than others, though the whole industry in the aggregate is hardly free from indictment.
Reveal (The Center for Investigative Reporting)
December 27, 2017, 5am PST
While the low income housing tax credit was retained, banks will be much less willing to purchase them due to their reduced corporate tax rate. That's just one way H.R. 1 will exacerbate divisions between the rich and poor in America's cities.
The New York Times
February 9, 2017, 1pm PST
Heard of food deserts? Some neighborhoods are banking deserts, where credit unions are the only reputable financial service providers. Now, these community institutions are getting easier access to federal recognition.
Next City
March 25, 2014, 2pm PDT
A recent article describes the context of urbanization around the country before examining the implications of the trend for the decisions made by bankers—i.e., where and how to invest—especially given the realities of the post-recession economy.
American Banker
October 1, 2011, 1pm PDT
Starting in 2002, the Colorado legislature began to make it easier to foreclose on properties in Colorado. Original loan documents are no longer required to prove the bank actually owns the property.
The Denver Post
September 10, 2011, 1pm PDT
As bank-owned homes become a source of blight and crime, cities struggle to effectively hold banks accountable for their maintenance. Large banks tend to be the worst offenders, often failing to remove trash and weeds or paying fines.
Contra Costa Times
August 30, 2011, 8am PDT
With a high rate of foreclosure, Cleveland instituted a land bank to rein in rampant vacancies. After two years, the program has made some headway.
NPR
July 26, 2011, 1pm PDT
Banks in China have stopped accepting loan applications for property in the country's second- and third-tier cities in an effort to curb inflation.
China Daily
May 7, 2011, 9am PDT
The city of Los Angeles is attempting to sue Deutsche Bank, the owner of thousands of foreclosed and blighted homes in the city. If it works, other cities could follow.
Marketplace
June 23, 2010, 6am PDT
Mortgage debt is crippling the housing market all over the country, and the homeowners who've taken on more debt than they can afford. Now, real estate interests and banking interests are battling over legislation intended to ease the pain.
The New York Times
June 20, 2010, 7am PDT
A new rule proposed by federal regulators would allow bank investments made for neighborhood stabilization efforts and donations of foreclosed properties to be count towards compliance with the Community Reinvestment Act.
Reuters
May 25, 2010, 2pm PDT
Finding financing is one of the biggest challenges for transit-oriented development. How did Portland convince its lenders to get on board?
Streetsblog
March 9, 2010, 6am PST
The economic stimulus of China has focused billions of dollars on building skyscrapers. Some wonder whether a building bust may soon follow.
Business Week
October 12, 2009, 1pm PDT
Transit oriented development is having a hard time taking hold in Salt Lake City. Some say the parking preferences of lenders are to blame.
The Salt Lake Tribune
April 6, 2009, 8am PDT
In cities across the country, banks are ditching out on foreclosed homes, giving more worries -- and bills -- to homeowners.
The New York Times
February 17, 2009, 11am PST
Banks and financial institutions are making the foreclosure crisis worse, as lobbying efforts seek to block bankruptcy courts from gaining more power to reduce debt, according to this article from <em>Der Spiegel</em>.
Der Spiegel