December 8, 2016
- Community Development Financial Institutions (CDFIs) needed funding support the economic needs of individuals in low income communities. As a result, JP Morgan Chase began establishing grants for CDFIs to assist in mobile home ownership, redevelopment in specific low income communities, among other initiatives.
- Over the past decade, home ownership in the U.S. has declined. A report entitled, “Have Recent Demographic Trends Contributed to the Rise and Fall of the Homeownership Rate?” found that later marriages and child birth attributed to the downward trend.
- Facebook responded to an affordable home crisis in Menlo Park, Ca. The billion dollar company set aside 20 million dollars to assist local residents in obtaining proper housing and job training in the local neighborhood.