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Showing posts with label discrimination. Show all posts
Showing posts with label discrimination. Show all posts

March 9, 2011

Viewpoints on Fair Housing in our Current Economy

Hi Folks,

   Hope you're having a stellar week.

   Today, we'd like to touch briefly on the topic of Fair Housing. The Office of Fair Housing and Equal Opportunity (FHEO), "administers and enforces federal laws and establishes policies that make sure all Americans have equal access to the housing of their choice.", as defined on the website for the Department of Housing and Urban Development (HUD).

   Kevin Cochrane, a former President of Community Lending for one of the largest savings banks in the U.S., was responsible for all of the bank's nationwide low and moderate income lending programs as well as all fair housing and outreach programs. Cochrane says that Fair housing is, "really a function of banks' use of the Community Reinvestment Act (CRA).", and that, "While that legislation benefits many individuals, it also creates many pitfalls and issues both from a low income and fair housing standpoint, as well as ethnocentric and geographic discrimination."

   Pablo Solomon, an Artist & Designer, who has been studying the Fair Housing topic for several years, feels that "misguided/abused Fair Housing issues are at the root of this current economic crisis".

   Solomon points to the biggest issue, in his opinion, as, "how to insure Fair Housing without instigating socialist housing.". "How we insure that all qualified buyers are treated fairly", he says, while keeping, "welfare crooks" from scamming the system is a "Gordian knot at best.", says Solomon

   Additionally, Solomon says that one of the problems is that making housing, "ridiculously affordable to unqualified low income people, fuels and inflates the housing market and every one from appraisers, to tax and spend politicians, to builders, to agents, to home decorators, etc. benefit from creating a bubble."

Have a Great Week, and Happy Rent-to-Owning !
Rob Eisenstein
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

TAGS #fairhousing #equalopportunity #lowincome