July 6, 2017
- The Department of Justice allegedly began settlement talks with HSBC Holdings Plc (HSBC). These settlement talks stem from HSBC’s supposed sale of toxic mortgage bonds. HSBC’s actions took place during the financial crisis of the early 2000’s.
- Democrats refuse to let Trump take funding away from the less fortunate citizens of the U.S. On July 5, 2017, Democrat House representatives reintroduced a bill attempting to fully fund public housing. California’s Representative, Maxine Waters, led the charge of this bill. Members of the Committee on Financial Services believe the bill could transform many of America’s lowest income earning neighborhoods.
- Harvard’s Joint Center for Housing Studies released their reports regarding Chicago’s CDFI Collaborative work to develop some of their lowest earning neighborhoods such as Englewood and West Woodlawn. Moreover, the study provides advice to other communities seeking to transform low-income neighborhoods. The study names one should try a new approach, use various methods to attack the problem, speak with the individuals involved in the restoration in-person and continually, and adapt to any changes easily.