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housing crisis
A woman waves a British flag during the Platinum Pageant London, England. WPA Pool/Getty Images hide caption
Home builders at work in Sacramento, Calif. Democrats in Congress are trying to pass a bill that would make the largest investment in affordable housing in history and try to boost construction of more moderately priced homes. Rich Pedroncelli/AP hide caption
Democrats are seeking largest ever investment in affordable housing
A new study says on average someone would have to earn $24.90 per hour to rent a modest two-bedroom home on no more than 30% of their pay. That's far more than the federal minimum wage. Rich Pedroncelli/AP hide caption
Graffiti on a wall on La Brea Ave. in Los Angeles, Calif. asking for rent forgiveness in May. This week, the city of Los Angeles rolled out a renters relief program to provide more than $100 million in assistance. Valerie Macon/AFP via Getty Images hide caption
Los Angeles Launches $103 Million Program To Offer Relief To Renters
Economist Amir Sufi says debt plays a bigger role in recessions than we typically recognize. erhui1979/Getty Images hide caption
Malaysia Hammond places flowers at a memorial mural for George Floyd in Minneapolis on Sunday. Police brutality has sparked days of civil unrest. But the sparks have landed in a tinderbox built over decades of economic inequality, now exacerbated by the coronavirus pandemic. John Minchillo/AP hide caption
From Jobs To Homeownership, Protests Put Spotlight On Racial Economic Divide
Golden Gates: Fighting for Housing in America, by Conor Dougherty Penguin Press; hide caption
Apple CEO Tim Cook and California Gov. Gavin Newsom unveiled the tech company's plan to help ease the housing crisis, with Apple pledging $2.5 billion for mortgages, development and other initiatives. Photo courtesy of Apple hide caption
Chico Housing Action Team organizers Leslie Johnson, left, Charles Withuhn, center, and Bill Kurnizki, right, in the field in south Chico where they plan to soon break ground on a 33-unit tiny home community for homeless adults called Simplicity Village. Eric Westervelt/NPR hide caption
Tiny Homes For Homeless Get The Go-Ahead In The Wake of California's Worst Wildfire
Brad Smith, president of Microsoft Corp., speaks during a presentation on affordable housing in Bellevue, Wash., on Thursday. Microsoft Corp. said it will spend $500 million to develop affordable housing and help alleviate homelessness in the Seattle area. Bloomberg/Bloomberg via Getty Images hide caption
Demonstrators in Philadelphia in 2008 try to draw attention to the subprime mortgage crisis. Philadelphia is one of the cities backing Miami's efforts to sue Wells Fargo and Bank of America. Matt Rourke/AP hide caption
Supreme Court Revisits 2008's Housing Collapse With Banking Test Cases
Former homeowner Brian Burns, who now rents an apartment in Henderson, Nev., says he "still sees a lot of empty houses" in Las Vegas, where about 20 percent of homeowners are still underwater in the wake of the housing crisis almost 10 years ago. Ethan Miller/Getty Images hide caption
A Decade Out From The Mortgage Crisis, Former Homeowners Still Grasp For Stability
Fannie Mae's headquarters in Washington, DC. Chip Somodevilla/Getty Images hide caption
Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea. Justin Sullivan/Getty Images hide caption
For sale signs on a foreclosed house in Glendale, Calif., last September. Kevork Djansezian/Getty Images hide caption
