April 18, 2003 |
Officials here detailed sweeping plans Thursday to revitalize blighted areas of the nation's capital in an effort to generate affordable housing and attract more middle-class families. The blueprint identifies a dozen areas outside the capital's central business district, including neighborhoods near Union Station and major universities, that would become hubs for redeveloped communities.
CALIFORNIA | LOCAL
July 21, 2002 |
Leah Coulter has done everything she can think of to find an apartment in Ventura County since moving from Chatsworth in March. She pored over classified ads, which yielded nothing but a handful of apartments well out of her price range. She walked through neighborhoods, knocking on doors and inquiring about rental possibilities. She even wrote letters to 40 homeowners, asking if they would be interested in leasing out their guest houses. She has yet to receive a response.
September 4, 2001 |
Like many people caught in this year's market turmoil, Rich Neel decided he needed a financial planner to make sure his finances were on track. And like many people, the 26-year-old pharmaceuticals salesman had a hard time finding someone to help him. Neel makes $65,000 to $70,000 a year and has $45,000 tucked away in his 401(k) plan.
June 17, 2001
Developer Geoff Palmer says that if city law forces him to include affordable rental units in his proposed downtown Los Angeles luxury apartment complex, the Visconti, he will not build at all ["Apartments Have Some Up in Arms," June 12]. What greedy petulance! I've seen Palmer's recent project, the Medici apartments, and now I understand why he built it as a near-impregnable fortress: Because he has no interest in helping working-class people find decent, affordable housing, he anticipates the housing crisis in L.A. will worsen and many "less fortunates" will have to be kept segregated from the people Palmer will build for, his privileged tenants.
CALIFORNIA | LOCAL
September 8, 2000 |
This city, which has the lowest proportion of affordable housing in the county, is set to get its first new apartment complex in a decade, a $40-million project that aims to relieve the crunch in rental housing. But the upscale, 312-unit Mediterranean-style development by Colorado-based Archstone Communities, which should break ground on the project by the end of the month, will not, for the most part, target poor families.
August 24, 2000 |
California is poised to adopt the largest state college financial aid program in the country, one that would offer grants to all qualified low- and moderate-income high school graduates, even those with just a C average. Under terms of an agreement announced by Gov. Gray Davis and legislative leaders and expected to go to a vote in the Legislature shortly, the state would vastly expand its existing Cal Grants program to provide thousands more low-income students with the money to go to college.
January 19, 2000 |
The nation's extraordinary boom has significantly boosted the prosperity of the American middle class, but a new survey by the Federal Reserve shows that many of those on society's bottom rungs are actually losing wealth instead of gaining. Other recent studies of the gap between the rich and the poor focused exclusively on income. They found that the wages of even the poorest segments of the population were growing, although by much less than the earnings of the middle class.
November 10, 1999 |
A two-parent family of four needs at least $44,880 a year to make ends meet in California--2 1/2 times the so-called federal poverty level--and one in four of the state's children lives in poverty, separate studies released Tuesday show. A report by the California Budget Project, a liberal nonprofit organization, says that the $44,880 figure assumes the family rents its home and the parents save little or nothing toward retirement or their children's college education.
April 23, 1999 |
Couples who are attempting to create the "Millennium Baby" may want to think again. The cost of raising children rose again in 1998 as parents spent more money on housing, child care, education and food, according to a report released by the government on Thursday. Middle-income, two-parent families will spend $156,690 over the next 17 years for a child born in 1998, up from $153,660 in 1997, the U.S. Agriculture Department said in its annual study.
February 22, 1998 |
In a normal year, middle-income Americans can safely put away their tax information for several months after filing season and forget about it. The little tax planning that's required of the middle classes can usually be done at the last minute. But 1998 is no normal year. Last summer's tax act created a host of lucrative breaks that could easily be jeopardized if you don't start planning now.