October 13, 2016 

By Elizabeth Hsing-Huei Chou 

City News Service 

Half a dozen affordable and homeless housing projects in Los Angeles were awarded a total of $64.6 million in zero-and low- interest loans from the state’s cap-and-trade fund, Mayor Eric Garcetti announced this week.

 

The projects include four homeless housing developments totaling 348 units, and two developments with a combined 205 units to be valued at affordable or below-market rates.

 

The city’s Housing Authority was awarded $12 million for a 135-unit apartment development at the Jordan Downs housing project in Watts. The other projects, which were initiated by private developers, are sprinkled throughout the city, including the San Fernando Valley, downtown Los Angeles and the Westlake neighborhood.

 

The state’s Strategic Growth Panel on Tuesday approved a total of $289.4 million in funds for 25 projects around the state, including the six Garcetti announced for Los Angeles.

 

The mayor thanked the state panel for the loans, which he said will support projects meant to fulfill several purposes.

 

“Affordable housing development can be about more than building four walls and a roof for people who need them. It can also give everyone — regardless of income — a chance to be part of L.A.’s green, connected future,” he said. “Smart design helps us to cut down on greenhouse gas emissions by linking communities to more transportation options.”

 

Housing Authority President Doug Guthrie said the $12 million loan for the Jordan Downs development was awarded “during a critical time” for the project and will pay for the construction of some of the residential units.

 

“The site is being prepared for development, Century Boulevard extension is on schedule and the residents have a renewed sense of hope,” Guthrie said.

 

The Strategic Growth Panel awards the loans and grants as part of the state’s Affordable Housing and Sustainable Communities program, which provides funds for affordable housing projects that reduce pollution by making it easier for residents to walk or bike, instead of using their cars.

 

The funds come from the auction of cap-and-trade credits, which polluting companies and agencies must purchase in order to continue operating. The credits are meant to become more expensive, and encourage the companies to adopt more environmentally friendly practices.

 

The Los Angeles area funding amounts approved this week:

 

— $16.8 million for the 76-unit 7th & Witmer project in the Westlake neighborhood that is being developed by Deep Green Housing & Community Development;

 

— $13.8 million for the second phase of the 122-unit PATH Metro Villas in the East Hollywood area that is being developed by PATH Ventures;

 

— $12 million for a 135-unit apartment project in Jordan Downs, which is being developed by the Michaels Development Co.;

 

— $11.1 million for the 96-unit Sun Valley Senior Veterans apartments and Sheldon Street pedestrian improvement project being developed by the East L.A. Community Corporation;

 

— $5.7 million for the 70-unit Rolland Curtis West affordable housing project near the University of Southern California campus that is being developed by Abode Communities; and

 

— $5.3 million for the 55-unit Six Four Nine Lofts in downtown Los Angeles that is being developed by the Skid Row Housing Trust.

Category: Business

October 06, 2016 

City News Service 

Mayor Eric Garcetti is backing a $3.3 billion bond measure to raise money for the construction and repair of buildings at Los Angeles community colleges, proponents announced on Wednesday.

 

Measure CC would allow for bonds to be issued to pay for new buildings such as library, athletic, science lab, job training, childcare and other facilities to be built at the Los Angeles Community College District's nine campuses.

 

Garcetti said the bond measure goes along with his efforts to institute free tuition at community colleges.

 

“I recently announced the L.A. College Promise Plan, which calls for one year of free tuition at our community colleges,” he said. “Now that we will be making our community colleges even more accessible for our students, we need to make sure that we have the facilities and space that is necessary to accommodate the demand.”

 

Measure CC is one of three tax measures Garcetti is backing on the Nov. 8 ballot.

 

He is also actively pushing for the passage of Measure M, a countywide half-cent sales tax measure to fund public transportation projects, and Proposition HHH, a $1.2 billion bond measure to pay for housing for the homeless.

Category: Business

September 29, 2016 

LAWT News Service 

Execs at Head Not The Tail Productions said they are excited to announce the forthcoming screening of the company’s important and timely documentary titled Invisible Women: Being a Black Woman in Corporate America. The film, directed by Melody Shere'a and executive produced by Monica Simmons, is a powerful and inspiring documentary that is the result of a year-long research study interviewing black professional women in the San Francisco Bay Area and New York City. Invisible Women uncovers and addresses issues around racism that profoundly affect black women in the corporate workplace. The women share respective experiences of disappointment and rejection when simply trying to earn a living and/or compete against white, Asian and women of other races for a higher step on the corporate ladder.

 

Invisible Women will screen Wednesday, October 12, 2016 from 6 to 9 p.m. at Valley Center for the Performing Arts, a unique performance facility that exists in the Oakland Hills on the scenic campus of Holy Names University (3500 Mountain Blvd., Oakland, CA). The evening will encompass the film viewing, reception and panel discussion. Tickets are $20 through Oct. 2; $30 thereafter.

 

"For the production of Invisible Women, we interviewed black women of varied professional levels who generously shared their previously untold stories and feelings around race-related issues on the job," said Shere'a, HNTT Productions founder and CEO. "In conducting the research, we found the corporate practice of discrimination to be a common harsh reality faced by countless women of color. We also interviewed experts who provide employment reports and statistical data on this topic."

 

“Shere'a, the film's director and executive producer Simmons are talented sisters. They have each personally experienced workplace race and gender discrimination throughout their corporate careers, which is how they conceived the idea to develop this documentary,” said a spokesperson for the event.

 

“HNTT Productions partnered with non-profit organizations BlackFemaleProject.Org and Center for Talent Innovation to dig into the issues, look at the facts, explore the reality of working in corporate America as a black woman and delve into ways to improve the environment for tomorrow's young black corporate professionals.

 

“While there is certainly lobbying at local, state and federal levels for gender equality and diversity in the workplace, women's discrimination remains a troubling issue that as yet has not been adequately addressed. Though numerous entities address the issue by hiring and promoting more women into management positions and corporate executive roles, a considerable recognition/advancement gap still exists for black women.

 

“The playing field isn’t level and well-qualified black women are too frequently denied the opportunity to explore similar career growth opportunities as their white and other female counterparts. The facts and details you will learn from this documentary will surprise you…” 

Category: Business

September 22, 2016 

Associated Press 

As wages for American workers have stagnated for more than a generation, the income gap between black and white workers has widened, and discrimination is the main reason for the persisting disparity, according to a new report.

 

The Economic Policy Institute also found that young black women are being hit the hardest. This gap remains even after controlling for factors like education, experience, or geography.

 

The wage gap today is “worse now than it was 36 years ago,” said Valerie Wilson, director of the liberal-leaning think tank’s Program on Race, Ethnicity and the Economy.

 

“For the most part, wages have been fairly flat since 2000, as have incomes and other economic measures,” Wilson said. “As we’ve seen this overall stagnation, those racial disparities have grown.”

 

According to the report released Tuesday, as of 2015, black men living in similar metropolitan areas and regions of the country make 22 percent less than white men with the same education and experience. For black women, the number is 34.2 percent less. Black women made 11.7 percent less than white women.

 

Since 1979, median hourly wage growth has fallen short of productivity growth for all workers, regardless of race or gender. Meanwhile, wages for black men and women have grown more slowly than for whites — resulting in the wage gap remaining unchanged or expanding in the decades that followed.

 

The report points to several reasons for the widening gap, while noting discrimination has consistently played a major role. Few black workers have the kinds of top-wage earning jobs that have seen the majority of growth during the studied period. The decline of unions — which have historically been helpful to black workers seeking income equality — has also contributed to the disparity.

 

And the report concludes that having a college degree worsens the gap, counter to the idea that education is the key to a more equal society.

 

While black male college graduates entering the workforce in the 1980s had less than a 10 percent disadvantage compared to whites, by 2014, similarly educated black men started their first jobs at a deficit of roughly 18 percent. The report also found that growing earnings inequality has impacted young black college-educated men and women's wage deterioration more in the years since the Great Recession than during any other period.

 

“Education unquestionably en­hances mobility and increases wages, but what it does not do as effectively is eliminate racial disparities,” said Wilson. “More education means higher wages, but it does not mean equal wages between blacks and whites as they ascend that ladder.”

 

The report calls for several policy measures to address the wage gap, including consistently enforcing long-standing anti-discrimination laws in the hiring, promotion and pay of women and minorities; convening a summit to address why black college graduates start their careers at an earnings disadvantage; and raising the federal minimum wage.

Category: Business

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