Mr. Menkiti is committed to driving both an economic and a social impact, and through the Menkiti Group has invested $ 120 million in Washington D.C.'s low -
moderate income communities and guided KW Capital Properties to profit share more than $ 3 million with its associates.
«Our family of companies which started as a small business with two employees in Northeast D.C., has experienced tremendous growth over the past ten years, which has allowed us to profit share more than $ 3 million with our KW Capital Properties associates, and to invest over $ 120 million in Washington D.C.'s low -
moderate income communities.»
Upcoming sites such as HomeFunded, which helps prospective homebuyers crowdfund their down payments, and Our Street, which raises capital to develop low to
moderate income communities, distinguish themselves by focusing on niches.
The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and
moderate income communities.
The low to
moderate income communities who lack the means to access the courts to resolve their legal troubles.
In the past two years, we have financed over $ 100 million in loans — most in low to
moderate income communities such as South Central, Compton, Liberty City and Roxbury.
Additionally, Waters believes that SoFi has setup their business so as to exclude working class households and to not lend to low - to -
moderate income communities.
«Money from megadonors from multibillion dollar fossil fuel industry should be rejected by all Long Island elected officials,» said Diane Goins of Hempstead, chairwoman of the Long Island Chapter of New York Communities for Change, a nonprofit coalition of working families in low and
moderate income communities.
Not exact matches
We also suggest reimagining the
Community Reinvestment Act — which provides incentives for banks to lend to people in low - and
moderate -
income neighborhoods — to allow more funding to be funneled to startups.
HomeReady ® mortgages are intended for low - to
moderate -
income borrowers, and in many circumstances, it expands eligibility in low -
income communities.
During the past year Louisville's news has been dominated by several seemingly disparate issues — the troubled relationship between the police department and the African - American
community; efforts to build more mixed -
income housing in the city; adoption of a regional plan intended to
moderate suburban sprawl; disagreement about the number and location of proposed new Ohio River bridges linking Louisville and southern Indiana; a campaign to attract high - tech business to the downtown area; and a lively election campaign around the issue of a city - county merger.
At Pratt, he led many successful
community - planning efforts, as well as campaigns to expand affordable housing and create NYC's «inclusionary zoning» program, which requires developers seeking tax breaks to set aside 20 percent of their units for low and
moderate income families and pay a living wage to their service workers.
In all rezonings that substantially increase potential housing capacity, the City will require a portion of the new housing developed to be permanently affordable to low - or
moderate -
income households in order to ensure diverse and inclusive
communities.
«And you see it in our park system today... For parks in low - and
moderate -
income communities, they need robust public investment in their park system, which they're not currently getting.»
The state's housing agency, New York State Homes and
Community Renewal, offers SONYMA mortgages to qualified low - and -
moderate income, first - time home buyers and veterans.
The Office of
Community Renewal recognizes that New York's smaller
communities must have an economy that encourages business development and promotes jobs for low - and
moderate -
income persons.
These public forums provide an opportunity to increase citizen awareness and participation in the Consortium's federal
Community Development program by allowing the general public, as well as agency advocates for low and
moderate income individuals, the elderly and handicapped to offer suggestions and information on the needs of these populations to County and municipal officials.
Erie County government also provides critical budgetary support to Rural Transit Services, which identifies and serves the
community transportation needs of senior citizens, disabled individuals and low - to -
moderate income residents in rural Erie County
communities.
«We need to take a stand if we're going to still be a
community where low and
moderate income people can live,» Rochford said.
«Policymakers should note the loan characteristics offered by the program and consider policies that increase the number of quality affordable loan products on the market, particularly in low - and
moderate -
income communities,» Grinstein - Weiss says.
Narrowing the achievement gap will require housing desegregation: voiding exclusionary zoning, placing low - and
moderate -
income housing in predominantly white suburbs, and ending federal subsidies for
communities that fail to reverse policies that led to racial exclusion.
States may now apply for a newly unveiled $ 250 million grant competition — Preschool Development Grants — that will help develop and expand preschool programs in high - need
communities for children from low - and
moderate -
income families.
In partnership with the Chester Economic Development Authority and the Delaware County Office of Housing &
Community Development, CCIP assists low - and
moderate -
income families with purchasing their first home.
The NACA Purchase Program helps low - to
moderate -
income households get housing in specific
communities.
Community land trusts are created to preserve long - term affordable housing by purchasing homes in their
communities, then leasing the land using a long - term ground lease to low -
income and
moderate -
income families at affordable monthly ground rents.
FirstBank Affordable Housing Programs are designed for those with low to
moderate incomes, based on a percentage of the average
income in your
community.
The First - time Homebuyers Assistance Program, established and administered by the City of Kenner Department of
Community Development, is designed to provide financial assistance to low,
moderate, and median
income households trying to purchase a home in the City of Kenner.
Since its inception, DebtWave has been extremely active in the San Diego
community with our outreach efforts focused on youth, military, and low - to -
moderate income families.
It is designed for creditworthy, low to
moderate income borrowers, with expanded eligibility in designated low -
income, minority, and disaster - impacted
communities.
Community Reinvestment Act (CRA) was enacted by Congress in 1977 to encourage financial institutions to meet the credit needs of the entire
communities they serve, including low and
moderate income areas.
The
Community Reinvestment Act (1977)-- The CRA was designed to spur more lending to low - and
moderate -
income neighbors, encouraging local financial institutions to meet the credit needs of the people who live there.
It seems likely that the government would continue to play a significant role in working with lenders and
communities in support of affordable housing and home loans, but the administration is suggesting changes that could make home loans less affordable for first time buyers with little cash and
moderate income families currently depending on FHA for buying homes or refinancing existing mortgage loans.
«Policymakers should note the loan characteristics offered by the program and consider policies that increase the number of quality affordable loan products on the market, particularly in low - and
moderate -
income communities,» Grinstein - Weiss says.
The U.S. Department of Agriculture offers USDA loans to low - and
moderate -
income borrowers who purchase a home in rural
communities.
We are dedicated to ending the payday loan debt trap that cripples thousands of low - to
moderate -
income communities.
NACA's confrontational
community organizing and unprecedented mortgage program have set the national standard for assisting low - and
moderate -
income people to achieve the dream of homeownership.
Community Land Trust Mortgages
Community land trusts are created to preserve long - term affordable housing by purchasing homes in their
communities, then leasing the land using a long - term ground lease to low -
income and
moderate -
income families at affordable monthly ground rents.
$ 1 Homes Sales For Local Governments HUD's Dollar Homes initiative helps local governments to foster housing opportunities for low to
moderate income families and address specific
community needs by offering them the opportunity to purchase qualified HUD - owned homes for $ 1 each.
«Valley is committed to serving the banking needs of all its customers, including helping low - and
moderate -
income individuals attain the American dream of homeownership, while enhancing economic vitality throughout the
communities we serve,» she said.
-- Peter Schjeldahl * The Underground Museum — founded in Los Angeles in 2012 by artists Noah Davis and Karon Davis — is dedicated to the exhibition of museum - quality art, and serving as a cultural hub for low - to -
moderate -
income communities.
Mike Pratt, chair of the Pratt Institute Board of Trustees and member of the Pratt Center's Advisory Board, said: «Bringing the expertise and experience of NYIRN into Pratt Institute deepens our ability to shape a successful future for low and
moderate -
income communities.
It includes a minimum of $ 234 million in funding over the first three years to support clean energy opportunities specifically to benefit low - to
moderate -
income communities throughout the State.
Importantly, Maryland's program sets aside 30 percent of the total project cap for solar installations that serve low and
moderate income households — the working families of our
community.
We followed our own advice and switched our organizational account to a
community development bank that supports low to
moderate income neighborhoods — not fossil fuel pipelines.»
It includes a focused effort to bring more clean energy opportunities and benefits to low - to
moderate -
income communities throughout the State.
Community Energy Engagement Program (program focused on outreach to low - to -
moderate income residents, small businesses, and multifamily building owners to help them implement clean energy projects):
Other markets, like
community solar and the low -
moderate income Illinois Solar For All, are already in a pipeline as regulatory approval has been made, and final administrative systems are established.
Established in July 2015, New York's innovative
Community DG program was intended to expand consumer access to local solar and other clean energy resources, particularly among low - and
moderate -
income New Yorkers.
Solarize Brownsville brought together
community partners, local residents, and the selected solar installer to successfully demonstrate that solar power can make an impact in low - to
moderate -
income communities.
The
community solar program will give consideration to residential customers, especially in multifamily buildings, and low - to -
moderate income customers.