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Black-owned U.S. businesses have failed at a disproportionately higher rate than those owned by whites during the coronavirus epidemic possibly because they were in poorer financial shape, less ...
Baker acknowledged that Illinois’ current real estate inventory situation is a crisis. But he added that Illinois Realtors has been working to brighten the outlook by advocating for public ...
2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.
Recently seated state Rep. Regan Deering, R-Decatur, said it is apparent that Illinois has a housing crisis. “Metropolitan areas in the 80th House District, you’re looking at Decatur ...
Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods.
In October 2020, the KFF/Undefeated Survey on Race and Health found that 50% of Black respondents (compared to 42% White respondents) reported that they had lost a job or had their income reduced as a result of COVID-19. Moreover, 32% Black respondents reported that COVID-19 had a major impact on their ability to care for children (compared to ...
Assisted by a Jesuit seminarian and twelve white college students, the organization fought the discriminatory real estate practice known as "contract selling", renegotiating around 400 housing contracts and saving an estimated $25,000,000 for exploited black homeowners. In 1986, the Steans Family Foundation was founded to concentrate on ...
A group of housing and real estate leaders and Black homeowners met with Fudge last week at HUD headquarters in Washington to begin building out methods to create change. Image: Lydia Pope ...