Blog Posts By Date: August 2021
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Would-be homebuyers with thin credit files will have a better chance of getting approved for a mortgage if they’ve been paying their rent consistently, thanks to changes to Fannie Mae’s automated underwriting system taking effect next month. more...
This article was produced by Capital & Main, an award-winning publication that reports from California on economic, political, and social issues. This article highlights vital points and perspectives of S.B. 9. For the complete article and more information covering this topic, please visit prospect.org.
The classic American ideal of a single-family home surrounded by a green lawn and picket fence may no longer be sustainable in California. Today, most of the state’s residential land—more than two-thirds of it—is set aside exclusively for one home per lot. The practice may not only have driven up land prices, but it has also created intense racial and economic segregation. Single-family zoning is the “new redlining,” wrote Richard Kahlenberg in a New York Times op-ed earlier this year. Scholarly work on the exclusionary effect the practice has had in U.S. cities has recently come to public attention. more...