News and Reports

Affordable Housing. Stronger Communities. Regions Foundation Announces Major Investment Benefiting Southeastern Cities
Mission Related Investment of $5 million supporting affordable housing in Metro Birmingham, Atlanta, and beyond.

The Regions Foundation unveiled a $5 million investment in a housing fund that will benefit Birmingham residents.

Monique Davis, from left, and Dan Magder of Center Creek, Fairfield Mayor Eddie Penny, Regions Foundation Executive Director Marta Self, State Rep. Merika Coleman and Center Creek COO Greg Shron mark the Regions Foundation’s $5 million investment.

Plan to spend $5B to create affordable housing in B’ham

There is no Better Time for Foundations to Demand Better from Themselves and Their Investment Advisors. The COVID-19 outbreak launched a global health and economic crisis that disproportionately affects the most vulnerable in our societies.

As COVID-19 has ravaged the US economy, the impact has not been uniform. Low-income hourly workers have been more likely to be laid off than their salaried counterparts. The virus has affected the entertainment, travel, retail …

At meeting after meeting with mortgage industry executives, government officials ask all of us to expand mortgage availability to underserved borrowers, including those with lower credit scores or higher debt ratios. But – those officials caution …

At the beginning of the financial crisis, borrowers of FHA-insured loans generally had to begin foreclosure proceedings if they failed to pay their mortgage for a long period and had exhausted all modification and foreclosure alternatives.

The past decade has seen costs for homeowners decline, yet costs for renters have increased. Today, about 11 million families (nearly one quarter) of families who rent spend more than 50 percent of their income on rent.

The crisis in affordable housing in America is highlighted by the 11 million families— nearly 25 percent of all renter households—that spend over 50 percent of their income on rent. 1 And while costs for homeowners have dropped over the past decade …