Friday, December 13, 2024

Book Review: "Sixty Miles Upriver: Gentrification and Race in a Small American City"

Sixty Miles Upriver: Gentrification and Race in a Small American City by Richard E. Ocejo. Princeton University Press, 2024. 288 pages. Hardcover. $29.95.

This book examines the effect on racial and income balance, gentrification, and social change in Newburgh, New York, of an influx of wealthier remote workers from NYC and its suburbs. The City's population is now about 50% Hispanic. To the author: "This demographic shift has made the city more primed for gentrification, which rarely happens in racially homogenous places. The Black population in Newburgh was previously too high to attract white gentrifiers, but the influx of Hispanic migrants changed the demographic mix, creating a more favorable environment for white middle-class newcomers and shaping Newburgh’s current identity."

As the author says about his book during an interview published in the local newspaper The Highlands Current: "At the heart of my book is: What do we owe to the communities that we move to when we’re newcomers? What obligations do we have to neighbors who have been calling this place home for much longer than we have? Do we disrupt or enhance?"

From Amazon.com's description:

"Newburgh is a small postindustrial city of 28,000 located sixty miles north of New York City. Like many other similarly sized cities across America, it has been beset with poverty and crime after decades of decline, with few opportunities for its predominantly minority residents. Sixty Miles Upriver tells the story of how Newburgh started gentrifying, describing what happens when White creative professionals seek out racially diverse and working-class communities, and revealing how gentrification is increasingly happening outside large city centers in places where it unfolds in new ways.

As New York City’s housing market becomes too expensive for even the middle class, many urbanites are bypassing the suburbs and moving to smaller cities like Newburgh, where housing is affordable and historic. Richard Ocejo takes readers into the lives of these newcomers, examining the different ways they navigate racial difference and inequality among Newburgh’s much less privileged local residents, and showing how stakeholders in the city’s revitalization reframe themselves and gentrification to cast the displacement they cause to minority groups in a positive light. An intimate exploration of the moral dilemma at the heart of gentrification, Sixty Miles Upriver explains how progressive White gentrifiers justify controversial urban changes as morally good, and how their actions carry profound and lasting consequences for vulnerable residents of color."

Read the November 1, 2024 The Highlands Current interview.

Read the May 17, 2024 interview in Chronogram: The River.

Book Review: "Before Gentrification: The Creation of DC's Racial Wealth Gap"

Before Gentrification: The Creation of DC's Racial Wealth Gap by Tanya Maria Golash-Boza. University of California Press, 2023. 311 pages. Paperback. $27.95.

Amazon.com's description: 

"Before Gentrification shows how a century of redlining, disinvestment, and the War on Drugs wreaked devastation on Black people and paved the way for gentrification in Washington, DC. Golash-Boza tracks the cycles of state abandonment and punishment that have shaped the city, revealing how policies and policing work to displace and decimate the Black middle class.

Through the stories of those who have lost their homes and livelihoods, she explores how DC's "troubling history makes clear that the choice to use prisons and policing to solve problems faced by Black communities in the twentieth century—instead of investing in schools, community centers, social services, health care, and violence prevention—is what made gentrification possible in the twenty-first. Before Gentrification unveils a pattern of anti-Blackness and racial capitalism in DC that has implications for all US cities."

This book is a personal project: as Golash-Boza states, “I have a personal investment in understanding how and why my neighborhood became plagued by violence, why so many of my childhood friends were murdered, why a generation of Black boys and men was put behind bars, and why so few of my childhood friends can afford to live in the neighborhood where we were raised” (p. 24). 

Regarding the book's reception, Golash-Boza posted in her Twitter (X) account: "I just read the first published review of Before Gentrification and it's a good reminder my book is not for everyone. The book clearly generates a different response in different readers - and that's fine. So far, the audience I most wanted to reach has responded positively."

Read the abstract of the book review in the December 2024 Social Forces

Read the December 2023 Twitter (X) post.


New Book "Slow and Sudden Violence" Treats Baltimore's Real Estate History

Derek Hyra, Slow and Sudden Violence: Why and When Uprisings Occur. University of California Press, 2024. 365 pages. Paperback. $29.95.

To Hyra in his new book, "equitable development involving residents of affected communities is essential to avoid continual displacement, increasing segregation, and social unrest." The Amazon.com description: 

"In Slow and Sudden Violence, Derek Hyra links police violence to an ongoing cycle of racial and spatial urban redevelopment repression. By delving into the real estate histories of St. Louis and Baltimore, he shows how housing and community development policies advance neighborhood inequality by segregating, gentrifying, and displacing Black communities. Repeated decisions to “upgrade” the urban fabric and uproot low-income Black populations have resulted in pockets of poverty inhabited by people experiencing displacement trauma and police surveillance. These interconnected sets of divestments and accumulated frustrations have contributed to eruptions of violence in response to tragic, unjust police killings. To confront American unrest, Hyra urges that we end racialized policing, stop Black community destruction and displacement, and reduce neighborhood inequality."

Hyra is Professor of Public Administration and Policy and founding director of the Metropolitan Policy Center at American University.

Read the December 12, 2024 NCRC article.

Friday, December 6, 2024

CFPB Sues Comerica Bank for Systematically Failing Disabled and Older Americans

The Consumer Financial Protection Bureau (CFPB) has sued Comerica Bank for systematically failing its 3.4 million Direct Express cardholders - disabled and older Americans who receive Social Security and other federal benefits. The bank deliberately disconnected 24 million customer service calls, impeding cardholders from exercising their rights under the law, charged illegal ATM fees to over 1 million cardholders, and mishandled fraud complaints while providing federal benefits through the Direct Express prepaid debit card program. The CFPB is asking the court to order Comerica to stop these practices, provide refunds to affected customers, and pay civil penalties to the CFPB's victim relief fund.

Comerica Bank is a subsidiary of Comerica Inc. (NYSE: CMA), among the 25 largest bank holding companies in the U.S. Incorporated in Delaware, it is headquartered in Texas. Comerica reported total assets of more than $84 billion and total deposits of over $71 billion. Since 2008, the U.S. Department of Treasury has contracted with Comerica Bank to administer the Direct Express program, in which 3.4 million federal beneficiaries receive their monthly benefits payments through prepaid debit cards. Direct Express is a prepaid card that beneficiaries can use to pay for groceries, gas, and other expenses.  

Comerica is in charge of customer service for the millions of Americans using Direct Express, many of whom are unbanked. Rather than ensuring that there was sufficient customer service to handle calls from the benefits recipients, Comerica instead boosted its bottom line. When people had problems with their accounts, it was often impossible to talk to someone for help. 

The CFPB’s investigation found that Comerica failed to ensure sufficient staff and even intentionally disconnected more than 24 million calls. The CFPB alleges that Comerica harmed its customers by:

  • Deliberately disconnecting customer service calls: Comerica’s vendors intentionally dropped over 24 million calls from customers before they could reach a representative. Customers whose calls were not dropped were routinely forced to endure excessively long wait times - often more than several hours - to speak with a representative to get help with unauthorized transactions, charge disputes, and lost or stolen cards.
  • Charging consumers illegal ATM fees: Over one million Direct Express cardholders were charged ATM fees to access their government benefits in situations where they were legally entitled to free withdrawals.
  • Misleading fraud victims: When consumers contacted Comerica alleging they had been fraudulently enrolled into the Direct Express program, the bank’s vendors frequently advised the consumers that “no error occurred” although the bank had determined that there was, in fact, enrollment fraud.
  • Imposing illegal terms of service on consumers seeking to stop payments: Comerica led its consumers to agree to waive their consumer protections by requiring cardholders to contact and request merchants to stop pre-authorized payment transfers from their account in situations where the law in fact required the bank to stop the transfers itself.
  • Failing to investigate account problems: Under federal law, when a customer notifies a bank about an incorrect or potentially fraudulent charge on their account, the bank must take steps to investigate the error within a specified time period. The CFPB’s investigation found that Comerica failed to meet this requirement more than 20,000 times. When they did investigate, they frequently provided vague and confusing findings or blew off customers altogether.
  • Forcing consumers to close accounts, which often resulted in additional fees: The bank’s vendors required thousands of cardholders to close their accounts to stop a preauthorized payment, resulting in consumers incurring additional fees to expedite receipt of their new debit cards to regain access to their government benefits.

Under the Consumer Financial Protection Act, the CFPB has the authority to take action against institutions violating consumer financial protection laws, including engaging in unfair, deceptive, or abusive acts and practices. The CFPB’s lawsuit seeks to stop Comerica’s unlawful conduct, to provide redress for harmed borrowers, and the imposition of a civil money penalty, which would be paid into the CFPB’s victims relief fundRead today’s complaint.

Consumers can submit complaints about financial products and services by visiting the CFPB’s website or by calling (855) 411-CFPB (2372).

Employees who believe their company has violated federal consumer financial protection laws are encouraged to send information about what they know to whistleblower@cfpb.gov. To learn more about reporting potential industry misconduct, visit the CFPB’s website.

The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive. For more information, visit www.consumerfinance.gov.

Read the December 6, 2024 CFPB article.

Monday, December 2, 2024

Maryland Department of Housing and Community Development Publishes Just Communities Baseline Report

The Maryland Department of Housing and Community Development (MDHCD) has just published a baseline report from its Division of Just Communities. The report is the first formal publication of the new division. The report contains the mission and vision of the Division, information on racial disparities in Maryland housing and neighborhood conditions, and the current and ongoing work of the Department to address inequities.

The Just Communities baseline report:

  • Defines the new Division’s scope to both internal and external stakeholders;
  • Demonstrates the Division’s strong understanding of Maryland housing policy’s historic wrongs;
  • Celebrates ongoing initiatives that can advance racial equity; and
  • Introduces the Department’s Just Communities measurement strategy.

To read the full baseline report, click here.

The Department’s Division of Just Communities was created in 2023 to prioritize resources in areas with historical disinvestment to address the wrongs of the past. The Division is working to build and strengthen partnerships in communities with economic and housing trends that indicate a need for reinvestment.

Under the leadership of Assistant Secretary Cat Goughnour, the Division represents a new and focused effort by MDHCD and the State of Maryland to help reverse decades of exclusionary policies, opening pathways to opportunity in minoritized communities that have been previously denied them, and ensuring that no Marylander is left behind.

The Division will assist in the implementation of the Just Communities Act, which was signed into law by Governor Wes Moore during the 2024 Legislative Session. Effective July 1, 2024, this Act authorizes the governor, on recommendation by the DHCD Secretary, to designate areas as Just Communities based on specific criteria including a history of redlining, exclusionary zoning, high imprisonment rates, and unequal exposure to environmental or health hazards.

The Just Communities Act is part of MDHCD’s Turning the Key campaign, designed to raise awareness of the state’s efforts to address the housing unit shortage and unlock Maryland’s potential during the 2024 Legislative Session. The campaign encourages Marylanders to be part of the solution and communicates information on the implementation of new laws, including the Just Communities Act. 

To subscribe for updates about the Division of Just Communities, go to dhcd.maryland.gov/subscribe.

For more information about the Maryland Department of Housing and Community Development’s Division of Just Communities, visit dhcd.maryland.gov.

Read the November 26, 2024 MDHCD release.

Tuesday, November 26, 2024

The 2024 Mid-Atlantic Regional Affordable Housing Conference is December 17-19 in Baltimore

 

The Mid-Atlantic Regional Affordable Housing Conference is a dynamic three-day event that brings together housing and community development professionals, advocates, and funders from across six states. Dedicated to advancing racially equitable housing solutions that stand the test of time, the conference fosters collaboration and innovation to create communities where affordable housing is inclusive and sustainable for future generations. 


Attendees will explore how innovative housing policies, community-led solutions, and thoughtful programs can make cities and regions more just and equitable. 


Register:


    Conference Website: https://mahousingconference.org/ 


    Registration: https://mahousingconference.org/Registration



Agenda at a Glance


Tuesday, December 17


2:00 pm - 2:45 pm Opening Ceremony

3:00 pm - 4:30 pm Concurrent Sessions

6:00 pm - 8:00 pm Opening Reception



Wednesday, December 18


9:00 am - 10:30 am Keynote

11:00 am - 12:30 pm General Session

2:00 pm - 3:30 pm     Concurrent Sessions   

4:00 pm - 5:30 pm Concurrent Sessions

6:30 pm - 7:00 pm Pre-Gala Reception

7:30 pm - 9:30 pm Promising Practices in Affordable Housing Gala



Thursday, December 19


8:00 am - 10:00 am Legislative Breakfast

10:30 am - 12:00 pm General Session

12:15 pm - 1:00 pm Closing Plenary

3:00 pm - 5:00 pm Tours

 


View detailed Agenda



HOTEL

Hilton Hotel Photo

Hilton Baltimore Inner Harbor
401 W. Pratt St
Baltimore, MD 21201
Visit Website

hotel information


Rates:


    Registration Type Early Bird (EB)


    Until 8/7         Standard (STD)


    Until 11/30         Late (LATE)


                                                EB    STD  LATE


Full Conference Pass                 $300 $350 $400


Nonprofit & Government         $200 $250 $300


Housing Practitioner                 $250 $300 $350


Student & Senior                 $75 $100 $125


Thursday Only Conference Pass $75


Awards Gala Only                 $150

Friday, November 22, 2024

HSBC Commits $25M to NCRC Partnership Following Redlining Allegations

HSBC, a British universal bank and financial services group headquartered in London, has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining. 

HSBC had been under investigation by the Department of Housing and Urban Development (HUD) after NCRC filed a complaint alleging violations of the U.S. Fair Lending Act. According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. metropolitan areas from 2018-2021 - including New York (NY), Seattle (WA), Orange County (CA), Los Angeles (CA), Oakland (CA), and the Bay Area (CA). 

The new HSBC-NCRC partnership begins in January 2025, and is dedicated to expand economic opportunities in low—and moderate-income, diverse and underserved communities through loan subsidies, grants, and donations. The HSBC US and Americas CEO Michael Roberts stated that the partnership “reflects our shared commitment to fostering economic resilience and opportunity in communities across the U.S., and we are honored to support these efforts through our loans, investments and grants.”

HSBC has committed $10 million in loan subsidies, including $3.5 million to certain California markets. An additional $4 million will be for grants to Community Development Financial Institutions (CDFIs) and community-based nonprofit organizations, $6 million will be donated to NCRC, and $1 million will fund community engagement initiatives. 

According to the mortgage tech platform Modex, HSBC originated about $3.5 billion in mortgages in the last 12 months, 77% of them purchases and 90% conventional loans. California and Washington are the bank’s main markets.

Read the November 20, 2024 HousingWire article.