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The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Philadelphia Neighborhoods and Place Names; Philadelphia neighborhoods: data and interactive map. Ferrick, Tom (February 11, 2011). "Median Household Income 1999-2009 (by Neighborhood)". Philadelphia Metropolis. The Public Media Lab; Ferrick, Tom (February 11, 2011). "Percent of Individuals Living in Poverty (by Neighborhood)". Philadelphia ...
Block Associations and Neighborhood Associations in New York City are non-profit organizations. [1] [2] A block party requires that an applicant must have a block association membership and the supporting signatures of the majority of block residents. [3]
In a recent sturdy, Pew defined gentrification in Philadelphia as a neighborhood that had an average income 80% of the median in 2000 and higher than average in 2014. [13] It wrote, "“gentrification is a relatively small part of the recent story of Philadelphia’s neighborhoods.”
The neighborhood consists primarily of nineteenth and twentieth-century rowhouses interspersed with corner stores, 22 churches and a few larger architectural landmarks. On the eastern half of the neighborhood is the Scottish Rite affordable housing complex which consists of two multi-story apartment buildings that cater mostly to elderly and low income individuals.
The median yearly income of the neighborhood is $28,368, ranging from $18,516 to $77,979. Additionally, 65.8%, almost two thirds, of Kensington residents can be described financially as "poor or struggling" (defined by a Ratio of Income in 2020 to Poverty Level of under 2.00).
The Regional Plan Association is an independent, not-for-profit regional planning organization, founded in 1922, that focuses on recommendations to improve the quality of life and economic competitiveness of a 31-county New York–New Jersey–Connecticut region in the New York metropolitan area. [1]
It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred A. Lama and signed into law in 1955. [2] [3] The program's publicly stated purpose was the development and building of affordable housing, both rental and co-operatively owned, for middle-income residents. [4] [5] Under this program, local jurisdictions acquired ...