It’s true: HUD policy really does hurt our neighborhoods
HUD has a program that sells tens of thousands of troubled mortgages across the country, many in black and Latino...
HUD has a program that sells tens of thousands of troubled mortgages across the country, many in black and Latino neighborhoods hard hit by the housing crisis, to Wall Street speculators - at a discount! Please let that sink in.
Since 2010, the Department of Housing and Urban Development (HUD) has been auctioning off pools of very delinquent mortgages through a program they call Distressed Asset Sales Program, or DASP. In most cases, the sales have gone to the highest bidder, which have been hedge funds and private equity firms.
Lone Star Fund, a private equity firm started by a Texas billionaire, and Bayview Asset Management, an affiliate of the private equity firm Blackstone Group, have been two of the primary beneficiaries of these sales. The result? Struggling homeowners lose their homes and speculators turn the properties into high-cost rentals that contribute to displacement in communities across the country.
This month, over 110,000 people from across the country signed a petition calling on HUD Secretary Julian Castro, to change this program. This comes on the heels of a March 1st letter to HUD from 45 members of Congress issuing a similar call for reforms to this mortgage sale program. In fact, for over two years, housing advocates and national policy groups have been pushing HUD to fix this program.
In an interview on WNYC Studio’s “The New York Radio Hour,” Secretary Castro referred to our protests that his program is enriching Wall Street as “sloganeering.” We wish that were the case. Unfortunately, it is simply a fact that 98% of the mortgages sold through HUD’s DASP program are going to Wall Street, one that can be verified on HUD’s own website where they post reports from these sales. Most, if not all, of these Wall Street buyers are what the industry itself calls “vulture capitalists” – investors that specialized in distressed assets in the hopes of making them more profitable and selling them for a profit.
In an effort to suggest that he has addressed the problem, Secretary Castro touts the agency’s 2015 auctions of troubled mortgages in which only non-profits were eligible to bid. Let’s be clear. Only 172 mortgages were sold to non-profits through these auctions, while a whopping 15,309 went to Wall Street investors in 2015. So yes, a gesture was made by the agency, but at such a miniscule scale he surely cannot suggest that the problem is solved.
There is no reason to sell such a high percentage of these loans to some of the same culprits responsible for the housing crisis in the first place. In fact, it seems to be in direct conflict with HUD’s mission to create strong, sustainable, inclusive communities and quality affordable homes for all. Call me skeptical, but I don’t trust a private equity firm like Blackstone – a company whose CEO made $734 million last year - to help fulfill that mission. Blackstone and other major speculators have a goal of making as much money as possible, and in the process are chipping away at the wealth and stability of neighborhoods in the process.
There is a viable alternative, that housing and civil rights groups across the country are calling for. HUD should prioritize selling these loans to good actors that have a community-centered plan to save homes from foreclosure when possible and, when foreclosure cannot be avoided, to meet the affordable housing needs of the community with their property disposition plans.
A growing number of Community Development Financial Institutions (CDFIs) have programs to do just this, and have raised the capital needed to buy pools of these delinquent mortgages. But so far, they haven’t been able to get their hands on the number of mortgages that they can afford. HUD should do all it can to make sure CDFIs and other good actors are prioritized for these sales.
I have seen too many people in my community lose their homes and their wealth to Wall Street speculators. We cannot allow the same policies that ravaged our communities to continue. For me the choice is very clear: will Secretary Castro make sure that HUD helps families stay in their homes, or will he allow HUD to continue to sign over these loans to Wall Street and fuel neighborhood displacement?
It’s time for HUD to make the right choice and partner with non-profit CDFIs and other organizations that will keep our neighborhoods together. I encourage everyone who cares about the stability of neighborhoods across the country to join with me in calling on Secretary Castro and HUD to change the DASP program so that it prioritizes foreclosure avoidance and the creation of affordable housing.
By Ana Maria Archila
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Instead Of Turning On Each Other, Immigrant And Domestic Workers Unite To Form New Organization
The Huffington Post - November 17, 2013, by Farah Mohamed & Ryam Grim - In times of economic weakness, the...
The Huffington Post - November 17, 2013, by Farah Mohamed & Ryam Grim - In times of economic weakness, the ruling class has tended to pit domestic workers against immigrants, warning the former that wages are low and jobs are scarce because of the latter.
The effort in the United States has led to tremendous hostility toward immigrants, exhibited by then-GOP presidential candidate Mitt Romney's recommendation that conditions be made so unbearable for undocumented immigrants that they "self deport."
With precious little Latino support, the Republican coalition doesn't need to reconcile its domestic and foreign-born workers. But the Democratic Party, which includes many Latinos, Asians and African-Americans, is strengthened when the various elements of its coalition see themselves as aligned in a similar struggle -- one for jobs, better conditions and higher wages.
It's the kind of strengthened coalition that two major grassroots community organizations say they're hoping to build with a previously unreported merger. The Center for Popular Democracy and the Leadership Center for the Common Good will merge on Jan. 1, to become a larger and better resourced Center for Popular Democracy, officials at both groups tell HuffPost.
The new organization, which will have offices in New York and Washington, and staff in California, Minnesota and Illinois, will be composed of 35 staff members and 11 core partner organizations with more than 70 partner organizations in 27 states.
"We are actually trying to connect the world of immigrant justice and the world of economic justice by bringing together two hubs," said Ana Maria Archila, co-director of the new organization. "We haven't seen this level of popular trends and organizations in a while, and our merger is really kind of at the center in the world of economic justice, worker community and immigrant rights."
The Center for Popular Democracy, based in New York, has worked with a range of organizations fighting for social justice. Some of its victories include reforming the New York City Police Department's stop-and-frisk policing, raising New York's minimum wage and forcing the passage of legislation requiring paid sick leave for 1 million New Yorkers. The Washington-based Leadership Center for the Common Good advocates for low- and moderate-income communities, communities of color and immigrants.
By uniting, the two hope to increase their reach. For instance, the CPD maintains that its strongest ties are with immigrants' rights and worker organizations. LCCG, by contrast, works with partners rooted within the African-American community.
The merger would fill a vacuum in strong community advocacy. In 2009, conservative provocateur James O'Keefe targeted the Association of Community Organizations for Reform Now, a low- to middle-income grassroots activism group, in a series of videos which resulted in the dissolution of ACORN in 2010. House Republicans still include language in spending bills to ensure no federal money goes to the organization, even though it no longer exists.
But Archila and her new CPD co-director Brian Kettenring, who is a veteran of ACORN, see the new partnership as something different. "We're building something entirely new. We're not building a closed network," Archila said.
The new Center for Popular Democracy's mission, according to a concept paper provided to The Huffington Post, is to "build the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial and economic justice agenda." Staff will be organized around nine "core capabilities," including capacity building, campaigns and politics, and will focus on immigration rights and racial justice, economic justice, voting rights and democracy, education and housing, and Wall Street accountability.
"I would describe the new CPD as a campaign, policy and capacity-building center for community organizations," Kettenring said.
CPD will not launch new campaigns because of the merger, he added, but it does have projects in the works for January, including one that will focus on "articulating a firm vision -- a progressive vision -- of what public education should look like" and "defeating what we see as a corporate takeover of education in America."
By expanding the scale, strength and reach through the merger, the new CPD hopes to play an increasingly crucial role in the rejuvenated battle for social justice.
"There is tremendous energy in our communities -- in communities of color, in working class communities -- to change the way the things are done," Archila said. "There is tremendous political energy, and what we need is organizations -- institutions -- that will take advantage of that and will nurture that and drive it in the direction of concrete victory ... We know how to bring institutions together to make sure that it doesn't just mean one plus one equals two, but one plus one equals so much more. And that's what we think is going to happen with this merger."
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'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says
'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says
For years, the Fed faced criticism that it wasn't being aggressive enough in raising rates. Now that it has started to...
For years, the Fed faced criticism that it wasn't being aggressive enough in raising rates. Now that it has started to hike, the central bank is under increasing fire for moving too soon.
The latest scrutiny comes from Joachim Fels, global economic advisor at Fed bond giant Pimco, who said the Fed shouldn't be tightening policy with the evidence so clear that it is falling well short of its inflation mandate.
Read the full article here.
Who will win America's worst employer contest?
As pageants go, here's one whose contestants might want Steve Harvey to spare them the crown. The Center for Popular...
As pageants go, here's one whose contestants might want Steve Harvey to spare them the crown.
The Center for Popular Democracy on Wednesday debuted the Worst Employer in America Pageant theworstemployers.com. Eight companies, including Deerfield-based Walgreens, were selected as nominees, and people are being asked to vote on which is worst "based on such bad behaviors as a poor CEO to median worker pay ratio, failure to pay minimum wage and overtime, worker lawsuits against companies, or forcing workers to work through breaks, among other egregious practices."
A "winner" will be named Feb. 29. No word yet on the "prize," which will be announced the same day.
The nonprofit, which advocates for low-wage workers and immigrants among other progressive causes, is pitting two employers against each other in four categories. In banking, voters choose between Bank of America and Wells Fargo. In supermarkets, it's Sam's Club vs. Whole Foods. Among drugstores, Walgreens is up against CVS. And among pizza chains, Papa John's competes with Yum! Brands, owner of Pizza Hut.
"America's most recognizable brands are some of our biggest employers and we want to highlight their poor treatment of employees," JoEllen Chernow, director of economic justice at the Center for Popular Democracy, said in a statement. "Consumers are no longer just judging companies on how much they like their products or the efficiency of their services. In 2016, customers care about how companies treat their workers full stop. Yup, it's a thing."
In selecting the nominees, the group considered national corporations that provide everyday services to consumers, have at least 20,000 employees, are ubiquitous brands and have recently been in the news for employee-related issues.
As they click through the contest, voters will find short explanations of what landed each company on the podium.
For Walgreens, the group claims "part-time workers can't afford to get sick," because only workers who average 30 hours or more a week are eligible for paid sick time. It also claims that the CEO's 2014 pay was 540 times the median pay of Walgreens workers. Total compensation for then-Walgreens CEO Gregory Wassonwas $16.7 million, the Tribune has reported.
Walgreens declined to comment. But a spokesperson clarified that its policy is that anyone who averages 20 hours a week qualifies for paid sick leave.
As for Walgreens' opponent, the group claims CVS' CEO got a 26 percent raise in 2014 that brought his salary to $23 million, while workers making $9 an hour got less than a 5 percent bump. It also accused the company of not offering part-timers paid sick leave and mentioned a lawsuit in New York alleging that workers were ordered to racially profile nonwhite shoppers.
In an emailed statement accusing the "pageant" of relying on inaccurate and incomplete information, CVS spokesman Mike DeAngelis countered that its CEO pay is in line with industry standards and that workers who average 30 hours a week are eligible for benefits. He added that the company has firm nondiscrimination policies and is vigorously defending itself against the lawsuit.
Whole Foods spokesperson Allison Phelps noted that the company has been named one of Fortune's 100 best companies to work for for 18 consecutive years, a contest based on employee surveys.
Yum! Brands said it pays employees above the applicable minimum wage on average at its company-owned restaurants. Among the group's gripes with Yum was that it doesn't reimburse drivers for costs associated with delivery work, resulting in their receiving less than minimum wage.
Wells Fargo declined to comment. The other companies listed in the pageant did not immediately respond to requests for comment.
Source: Chicago Tribune
Vermont Workers’ Center at the Fore of Health Care Advocacy
VT Digger - January 12, 2014, by Morgan True - Last week’s pro-universal health care demonstration during Gov. Peter...
VT Digger - January 12, 2014, by Morgan True - Last week’s pro-universal health care demonstration during Gov. Peter Shumlin’s inaugural address drew attention locally and nationally, and left many wanting to know more about its organizers — the Vermont Workers’ Center, which has grown substantially in the past five years.
Founded nearly two decades ago as Central Vermonters for a Livable Wage, the nonprofit labor and human rights group has evolved into a substantial grassroots organization.
In 2001, as the Vermont Workers’ Center, the group affiliated with Jobs With Justice, a national pro-labor group, and is essentially that organization’s Vermont chapter. VWC founded the Health Care Is a Human Right campaign in 2008 because the cost of medical care and health insurance was creating crises for its members that “transcended” the workplace, according to the group’s website.
The campaign is viewed by some as a model for health care advocacy in other states.
Since launching the Health Care Is a Human Right Campaign, VWC’s annual budget has grown from $154,500 in 2008 to $638,700 in 2012, the latest publicly available tax filing from the group.
James Haslam, VWC’s director, said its current budget is close to $800,000, a more than fivefold increase since the campaign began. The money comes from donations and foundation grants in roughly equal parts, Haslam said.
The Ben & Jerry’s Foundation is its largest grantor, providing $50,000 this year, Haslam said. It has given the group $160,000 since 2010, including $35,000 to offer guidance to similar groups across the U.S. Grantees are voted on by a committee of Ben & Jerry’s workers, according to a statement.
“The Ben & Jerry’s Foundation supports grassroots organizations throughout the U.S. that are working for progressive social change and a more equitable society,” according to the foundation’s statement.
VWC also chose to start collecting dues from its members in 2014, Haslam added. The dues follow a sliding scale based on members’ ability to pay, he said.
The grassroots activists have strong affiliations with national labor and human rights groups including Health Care Now, Labor for Single Payer, National Economic and Social Rights Initiative, The Center for Popular Democracy and the Grassroots Global Justice Alliance, according to Haslam.
Kate Kanelstein, VWC’s lead organizer, is on Grassroots Global Justice Alliance’s national coordinating committee. Kanelstein was among those arrested during Thursday’s sit-in in the House chamber.
“We’re part of a broader people’s movement to turn things around for working people,” Haslam said.
Those connections have helped propel VWC to the forefront of national activism on universal public health care.
The National Economic and Social Rights Initiative provides strategic advice and training to VWC and similar groups throughout the U.S., said Anja Rudiger, director of programming for NESRI.
VWC has successfully, and appropriately, according to Rudiger, applied the principles of human rights advocacy to health policy by focusing on the hardship of individuals, rather than the “nitty-gritty” of policy debates.
By reframing access to health care as a human rights issue, VWC and others are able to highlight the injustices of the high cost of medical services and a for-profit health insurance system.
There are now Health Care Is a Human Right campaigns in Maryland, Pennsylvania and Maine. Groups in Oregon and Washington are also hoping to model health care advocacy work on the template created by VWC.
VWC is using the tactics and strategies of other human rights movements, including demonstrations and civil disobedience, which are well established, but have not previously been applied to health care, Rudiger said.
A ‘new environment’ and a national movement
Some have argued that last week’s demonstration hurt VWC’s credibility with the Legislature — one senator called the tactics “fascist” — but the demonstration has drawn increased attention from national groups and other advocates for universal health care.
Amnesty International, National Nurses United and more than 60 other labor and health care advocacy groups signed an open letter to the Vermont Legislature urging lawmakers to press on with Act 48, the state’s universal health care law. NESRI helped get many of the signatories to that letter, Rudiger said.
The Rev. William Barber, most famous for starting the Moral Monday movement, wrote a letter of solidarity, calling it immoral for people not to have access to medical care.
The backlash from lawmakers was anticipated, Haslam said, and he doesn’t think it hurts VWC’s ultimate goal of achieving universal access to health services.
“No one that truly supports universal health care is not going to support it because of a protest,” he said.
The visceral reaction from legislators may be partly because the Statehouse hasn’t been the venue for Occupy-esque demonstrations previously, said longtime State Curator David Schutz, though they’ve become increasingly common elsewhere in Vermont and nationally.
“It’s a new environment,” Schutz said, one ushered in by the October occupation of the governor’s offices in the nearby Pavilion Building.
That action was primarily the work of Rising Tide Vermont, the local affiliate of a national climate advocacy group, to protest the expansion of a Vermont Gas pipeline. The Workers’ Center helped organize that demonstration, which resulted in 64 arrests, though charges were later dropped.
Keith Brunner, the communication coordinator for the center, was among those arrested at the pipeline demonstration. Though he was present at the Statehouse last week, he was not arrested.
The only comparable event to Thursday’s demonstrations that took place in the Statehouse during the past 30 years was during the debate over civil unions in 2000, Schutz said.
It was necessary to rile official Vermont, Rudiger said, because it appears Shumlin has unilaterally stalled the state’s movement toward universal health care.
“It’s not about being disrespectful to lawmakers, it’s about highlighting the conditions in people’s lives that bring about those actions and that’s always what civil disobedience has been about,” she said.
Nationally, advocates for public universal health care were aware of the movement in Vermont, but few had received the news of Shumlin’s “wavering,” Haslam said.
Last week’s demonstration was an opportunity to get that message out and put Vermont back in the national spotlight in order to keep the momentum behind a universal health care program for the state, Haslam said.
VWC workers among those arrested last week
Many in Vermont’s political Twittersphere expressed surprise — or consternation — that several of Thursday’s demonstrators, including some who were arrested, are paid employees for the Workers’ Center.
In addition to Kanelstein, field organizers Shela Linton, Elizabeth Beatty-Owens, Avery Pittman and campaign coordinator Matt McGrath were among the 29 arrested.
Members, volunteers and staff were told at a planning meeting that the sit-in carried the risk of arrest, Haslam said. Those who participated in the sit-in chose to take that risk in order to push for legislative hearings on the governor’s single payer report.
The Workers’ Center employees who were arrested had “personal experiences with health care crises,” Haslam said. Many got involved because of that experience, and started out as members or volunteers before being hired.
Lobbying only a small part of what VWC does
The Workers’ Center is limited in its ability to lobby elected officials because it is a 501(c)(3) nonprofit. The organization is aware of that line, and takes steps to make sure it’s not crossed, according to Haslam.
Its field organizers are registered lobbyists, Haslam said, which is corroborated by the Secretary of State’s database.
The IRS threshold for tax-exempt nonprofits is whether lobbying activities constitute “a substantial part of its overall activities,” with expenditures on lobbying capped at 20 percent for a group the size of VWC.
The Vermont Workers’ Center keeps time sheets and records expenditures to ensure they meet the expense limits, Haslam said. Its 2012 990 tax filing, the most recent available, says those expenditures are available on request and does not list them.
Lobbying as part of the Healthcare Is a Human Right campaign is not a substantial portion of the center’s overall operation, Haslam added.
The group is involved in community organizing and leadership development, and helps build grassroots networks and coalitions on a broad array of issues, primarily labor-related, he said.
The Workers’ Center has supported striking FairPoint workers, recently unionized home care workers and workers at the University of Vermont who are trying to form a union.
They operate a workers’ hotline to field workplace complaints and employ an accountability monitor to help enforce Burlington’s livable wage ordinance.
The Workers’ Center also runs the People’s University for Learning and Liberation with a staffer dedicated to preparing workshops, skill building, continuing education for its members and affiliated groups.
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Taxing the rich: how Seattle leads a ‘go-local’ trend in liberal politics
Taxing the rich: how Seattle leads a ‘go-local’ trend in liberal politics
Seattle is trying to tackle income inequality one local move at a time – and becoming a case study in how cities are...
Seattle is trying to tackle income inequality one local move at a time – and becoming a case study in how cities are testing liberal policies that lack traction at the state or federal level.
Read the full article here.
Watch My Morning Jacket’s Jim James and Andrew Bird Play New Version of “Sic of Elephants”
Watch My Morning Jacket’s Jim James and Andrew Bird Play New Version of “Sic of Elephants”
In July, Andrew Bird began a new series called “Live From the Great Room,” where he performed an acoustic set in his...
In July, Andrew Bird began a new series called “Live From the Great Room,” where he performed an acoustic set in his living room with a guest. Today, he’s released an updated version of Soldier On’s “Sic of Elephants,” he originally played with My Morning Jacket’s Jim James for the series. The updated song is being released as part of the anti-Trump 30 Days, 30 Songs series, and it is Jim James’ second release for the program. Below, watch them perform “Sic of Elephants.” Read Bird’s statement on why he updated the song here, and revisit Bird and James’ full living room performance here.
30 Days, 30 Songs will continue to release at least one new song or video daily until Election Day (Tuesday, November 8). The entirety of 30 Days’ proceeds will go to the Center for Popular Democracy and their efforts toward Universal Voter Registration for all Americans. Previous 30 Days releases include songs from Sun Kil Moon and Jesu, EL VY, Filthy Friends, Death Cab for Cutie, Franz Ferdinand, and others.
By Kevin Lozano
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230,000+ Progressives Urge DSCC Not to Fund Any Senate Dems Who Help Confirm Gorsuch
230,000+ Progressives Urge DSCC Not to Fund Any Senate Dems Who Help Confirm Gorsuch
WASHINGTON - Progressive leaders delivered more than 230,000 petition signatures Monday urging the Democratic...
WASHINGTON - Progressive leaders delivered more than 230,000 petition signatures Monday urging the Democratic Senatorial Campaign Committee to publicly announce that it will not allocate campaign funds to Sens. Joe Manchin, Heidi Heitkamp, Joe Donnelly or any other Democratic senator who votes for or strikes a deal to advance the confirmation of right-wing extremist Neil Gorsuch...
Read full article here.
‘If Texas votes how it looks, we win’: The grassroots effort behind Texas’ progressive movement
‘If Texas votes how it looks, we win’: The grassroots effort behind Texas’ progressive movement
“What’s happening in Texas is arguably a phenomenon unique to the state, but it also has national implications. The...
“What’s happening in Texas is arguably a phenomenon unique to the state, but it also has national implications. The kind of work Brown’s organization does for local communities can be replicated elsewhere, argued Asya Pikovsky, who works with the Center for Popular Democracy Action. “Groups like [TOP] are demonstrating how to win power in red and purple states: focus on city elections, lean into progressive principles, and mobilize voters who have long been marginalized by fielding candidates who can effect real change,” Pikovsky told ThinkProgress. “We should expect to see the same dynamic repeated over and over again this year as organizers find new ways to leverage local elections to win far-reaching national change.”
Read the full article here.
Ilhan Omar Romps In Minneapolis Democratic Primary, While Tim Walz And Keith Ellison Win Statewide
Ilhan Omar Romps In Minneapolis Democratic Primary, While Tim Walz And Keith Ellison Win Statewide
Omar had the backing of the bulk of the progressive and grassroots groups that weighed in on the race, including MoveOn...
Omar had the backing of the bulk of the progressive and grassroots groups that weighed in on the race, including MoveOn; Justice Democrats; the statewide and Twin Cities chapters of Our Revolution, the group that was formed from the remnants of the 2016 Bernie Sanders campaign; and CPD Action, an arm of the Center for Popular Democracy.
Read the full article here.
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