"Eliminating the deduction altogether and replacing it with a 15 percent tax credit would save $213 billion — and better target homeownership support to buyers of modest means. The coalition suggests spending at least some of the savings on direct aid to low-income housing, but even without that, curbing the deduction would help lower-income people over […]
"One such bill — The Summer Meals Act, H.R. 1728 — is a straightforward proposal that would support millions of American children in getting access to affordable, nutritious food over the summer months. Legislative action is needed now in order to prepare students, sponsors and state administrators for the summer of 2016."
"With fare hikes possibly looming from the Massachusetts Bay Transportation Authority, two people who will vote on the increases are pushing for a fairly innovative idea: discounts for low-income riders. Board members Monica Tibbits-Nutt and Brian Lang on Monday said they would want such discounts in place by July, when the MBTA could next enact fare hi […]
"The New York City Council is proposing to eliminate property taxes for the city’s 1,271 limited-income co-ops in exchange for tighter rules, an effort designed to preserve an unusual affordable-housing resource in the city. Many of the co-ops were created in the 1980s and 1990s to boost homeownership among the poor. People living in city-owned building […]
"Scurvy, a disease caused by a severe lack of vitamin C in the diet, is most often associated with 17th-century pirates. But cases of scurvy still appear in the United States — and doctors say its 21st-century manifestation is a disease of the poor, homeless, college students, and those living in neighborhoods in which fresh, nutritious food is hard to […]
"In June 2014, the Consumer Financial Protection Bureau, the nation's consumer watchdog, launched an inquiry into mobile banking services and their potential to help low-income consumers in the US gain access to financial services and build financial literacy when traditional bank branches were out of reach. The bureau’s report, released this month […]
"Fraser told me that food assistance programs across the country continue to see new faces appearing for everything from kitchen staples to hot, prepared meals, with the biggest increase coming from people who have jobs but still can't make ends meet."
"When it comes to having student debt, Latinos fare far better than their black and white peers. But that might not be as good as it seems, according to a new report out today connecting debt to the wealth gap between whites and people of color."
"Since 2008, student aid from federal and institutional sources has increased. Political and foundation leaders have also focused on the importance of a postsecondary education, and the need to increase college attainment. But in the years since 2008, the proportion of low-income recent high school graduates who enroll in college has seen a significant […]
"Children from low socioeconomic status (SES) families who attended a child care center early in life were on equal academic footing with those from higher SES families at age 12, according to a new report."