Federal Reserve Hears Homeowners Woes

New America Media
Aaron Glantz

After sitting through two hours of testimony at the Federal Reserve Bank of San Francisco, plumber Carlos Moreno can barely contain his anger.

In January, he lost his home in Menlo Park to foreclosure, after his adjustable rate mortgage reset, and his monthly payments increased by more than $1,000 a month.
Continue reading “Federal Reserve Hears Homeowners Woes”

Greenlining to Push Improvements to Community Reinvestment Act at Fed Hearing in L.A. Tuesday

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

Federal Reserve to Consider Updating Implementation of Landmark Law Boosting Investment in Low-Income Communities

LOS ANGELES – The Federal Reserve system and other federal financial agencies will hold a hearing in Los Angeles Aug. 17 to consider updating regulations implementing the Community Reinvestment Act (CRA), a landmark law first passed in 1977 to encourage banks and other financial institutions to meet the credit needs of the communities they serve. While some on the far right have tried to blame CRA for the subprime mortgage meltdown, The Greenlining Institute and others have argued that improving and expanding CRA is the best way to avoid a repeat of the recent housing crisis, as well as being crucial to efforts to address the large and growing racial wealth gap. In May, the New York Times reported that for every dollar of wealth owned by a white family, an average African-American or Latino family has just 16 cents.
Continue reading “Greenlining to Push Improvements to Community Reinvestment Act at Fed Hearing in L.A. Tuesday”

Greenlining Tells Fed: Communities of Color are “Canaries in the Coal Mine” of Economic Crisis

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

$350 Billion Loss of Wealth Requires Strong Action to Update Community Reinvestment Act

LOS ANGELES – In testimony today before a Los Angeles hearing convened by the Federal Reserve system and other federal financial agencies, the Greenlining Institute called for strong action to modernize the Community Reinvestment Act (CRA), first passed in 1977. “In a sense, communities of color have become the canaries in the coal mine of the economic crisis,” Greenlining Community Reinvestment Director Preeti Vissa told the hearing. “While the nation has experienced a recession, too many in our communities have experienced a depression.”
Continue reading “Greenlining Tells Fed: Communities of Color are “Canaries in the Coal Mine” of Economic Crisis”

Deadline Extended for Greenlining Redistricting Project

Contact:
Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

Applications Taken Through Sept. 10 for Leaders to Ensure District Lines Fairly Represent People of Color, Low-Income Communities

BERKELEY, CALIFORNIA — The Greenlining Institute has extended the application deadline for its California Community Redistricting Leaders program. Greenlining is recruiting dynamic grassroots leaders from around California to spearhead a new push to ensure that redistricting — the process of drawing new boundaries for legislative districts — fairly represents communities of color and low-income Californians. Grassroots leaders chosen for the program will receive a stipend of $2,000.
Continue reading “Deadline Extended for Greenlining Redistricting Project”

Greenlining Institute September 2010 Newsletter

Green Assets:
Texas Oil Companies’ Ballot Initiative (Prop 23) Threatens Our Communities
Big Texas oil companies are spending millions to push a deceptive ballot proposition to kill California’s clean energy and air pollution control standards. If Prop 23 passes it will hurt low-income communities and people of color first and worst. Please CLICK HERE to join Communities United Against the Dirty Energy Proposition
Click here to learn more about Communities United Against Prop 23

Click here to read recent LA Times article on Proposition 23

Continue reading “Greenlining Institute September 2010 Newsletter”

The Home Depot Awards Grant to Renovate Casa Multi-Ethnic Student Housing at UC Berkeley

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

$3,500 Grant and Team Depot Volunteers Will Provide Energy-Efficient Lighting, New Paint and Landscaping

BERKELEY, CALIFORNIA – The Home Depot Foundation has awarded a $3,500 2010 Celebration of Service Grant to The Greenlining Institute’s Casa multi-ethnic residential program that serves low-income students at UC Berkeley. The funds and Team Depot volunteers will be used to install new, energy-efficient lighting, plant new landscaping and repaint the exterior of the Casa house near the Berkeley campus, built in 1914 and designed by renowned architect Julia Morgan.
Continue reading “The Home Depot Awards Grant to Renovate Casa Multi-Ethnic Student Housing at UC Berkeley”

Utilities, Consumer Groups Reach Landmark Agreement to Protect Consumers

Contact: Bruce Mirken, Greenlining Institute Media Relations
Coordinator, 415-846-7758 (cell)
Alicia Miller, Staff Attorney, 510-868-0991

Settlement With Sempra Utilities in L.A., San Diego Sets Benchmark for Other Companies

BERKELEY, CALIFORNIA – Sempra Energy, parent company of Southern California Gas and San Diego Gas and Electric, has reached a landmark consumer protection settlement with The Greenlining Institute and other consumer groups. The settlement gives additional protections to low-income and recession-battered consumers facing shut-off of their electricity and gas service – protections that go beyond those ordered by the California Public Utilities Commission in July.
Continue reading “Utilities, Consumer Groups Reach Landmark Agreement to Protect Consumers”

New Statewide Coalition to Fight Prop. 23

Contact:
Bruce Mirken: 510-926-4022; 415-846-7758 (cell) or brucem@greenlining.org
Abel Habtegeorgis: 510-910-2672 (cell) or abel@ellabakercenter.org

MORE THAN 80 LATINO, AFRICAN AMERICAN AND ASIAN/PACIFIC ISLANDER GROUPS COME TOGETHER TO FORM GRASSROOTS CAMPAIGN

Oakland, CA — With polling indicating that minority voters may be the key element in the fate of Proposition 23, a historic Coalition has come together to challenge the Texas oil companies’ assault on California’s clean-energy law. Communities United Against the Dirty Energy Prop, a coalition of many of the state’s most prominent social justice and community-based organizations, will focus on the communities that are at greatest risk should Prop. 23 pass. Communities United is operating separately but in coordination with No on 23: Californians to Stop the Dirty Energy Proposition.
Continue reading “New Statewide Coalition to Fight Prop. 23”

Finalists for Redistricting Commission Show Promise; Questions Remain

Contact:
Bruce Mirken,
Greenlining Institute
Media Relations Coordinator,510-926-4022; 415-846-7758 (cell)

Greenlining Calls Changes Proposed in Props. 20 and 27 Premature

SACRAMENTO, CALIFORNIA – The list of 60 finalists for the 14 positions on the new Citizens Redistricting Commission released yesterday by the Applicant Review Panel of the Bureau of State Audits shows promise, but significant concerns remain, policy experts at The Greenlining Insitute said today.

Continue reading “Finalists for Redistricting Commission Show Promise; Questions Remain”

Greenlining Institute Issues Endorsements: Strong NO on 23

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

Greenlining Institute Issues Endorsements: Strong NO on 23

BERKELEY , CALIFORNIA – The Greenlining Institute today released its Guide to November Ballot Propositions, available online here, strongly urging voters to reject the Texas oil companies’ dirty energy initiative, Proposition 23, along with Propositions 20, 26, and 27. Greenlining recommends a “Yes” vote on Propositions 19, 21 and 24.

Continue reading “Greenlining Institute Issues Endorsements: Strong NO on 23”