DC Public Banking Center

DC Public Banking Center Our vision is a publicly owned accountable Bank of DC working in partnership with local lenders for affordable housing, small business, and sustainability.
(4)

Operating as usual

The Paycheck Protection Program that provides forgivable loans to small businesses to keep them afloat during the pandem...
01/11/2021
The PPP Is Back Online Today—Here’s What You Need To Know

The Paycheck Protection Program that provides forgivable loans to small businesses to keep them afloat during the pandemic will reopen today with a few changes as the federal government better targets the money to underserved, smaller businesses. http://ow.ly/2Fdl50D5fTh

The first two days of the revamped Paycheck Protection Program for small businesses will be limited to community financial institutions making loans to first-time borrowers.

During the 2008 financial crisis, Blackstone pioneered the buy-to-rent scheme by snapping up, for cents on the dollar, h...
01/05/2021
Wall Street Mega-Landlord Blackstone Plans to Benefit From Another Crisis

During the 2008 financial crisis, Blackstone pioneered the buy-to-rent scheme by snapping up, for cents on the dollar, huge batches of foreclosed homes from struggling and bailed-out banks and then turning them into rental properties. In short order, Blackstone’s subsidiary Invitation Homes became the largest owner of single-family rental homes in the United States. It also took the meaning of “absentee landlord” to a whole new level, as accusations of ill repair and poor maintenance quickly mounted. Tenants also complained about excessive rent increases and fees.

Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat using a somewhat different playbook.

The coronavirus pandemic has created economic winners and losers. Higher-income wealthier households that own their home...
01/01/2021
Analysis | A stacked game? Sizing up housing outcomes in the pandemic.

The coronavirus pandemic has created economic winners and losers. Higher-income wealthier households that own their homes and perhaps a second one are big winners. The losers are lower-income households that rent or are struggling to hang on as homeowners.

The pandemic has accentuated stark differences in outcomes between higher- and lower-income people. Here's what might lie ahead.

Plagued by ongoing regulatory scandals and a recently lifted Federal Reserve mandate that barred banks from buying back ...
12/30/2020
Exxon Mobil And Wells Fargo Lost $220 Billion In Market Value This Year–The U.S. Stock Market’s Biggest 2020 Losers

Plagued by ongoing regulatory scandals and a recently lifted Federal Reserve mandate that barred banks from buying back shares during the pandemic, Wells Fargo’s stock plunge is the year’s worst among firms with a market value over $100 billion.

Hailing from the year’s worst-performing sectors, the two firms posted the worst market value losses in the entire S&P 500.

Financial Protection Bureau OKs Predatory Lending Rules: An Agency Designed to Guard Against Unscrupulous Bankers Is Now...
12/29/2020
Financial Protection Bureau OKs Predatory Lending Rules | DCReport.org

Financial Protection Bureau OKs Predatory Lending Rules: An Agency Designed to Guard Against Unscrupulous Bankers Is Now Lending Them a Hand

Financial Protection Bureau OKs Predatory Lending Rules. An Agency Designed to Guard Against Unscrupulous Bankers Is Now Lending Them a Hand.

As the COVID crisis rages into a new year, long-term unemployed people, struggling Black and brown communities, and cash...
12/27/2020
The Case for Progressive Stimulus: How Spending Now Can Drive Long-Term and Equitable Prosperity - Roosevelt Institute

As the COVID crisis rages into a new year, long-term unemployed people, struggling Black and brown communities, and cash-strapped state and local governments will need more support. Roosevelt Institute experts outline the way forward.

Briefs Climate and Economic Transformation The Case for Progressive Stimulus: How Spending Now Can Drive Long-Term and Equitable Prosperity December 16, 2020 By Suzanne Kahn Download Foreword Share Share this page on Facebook Share this page on Twitter Share this page via Email Nine months have elap...

A self-funding national infrastructure bank modeled on the “American System” of Alexander Hamilton, Abraham Lincoln, and...
12/22/2020
Tackling the Infrastructure and Unemployment Crises: The “American System” Solution

A self-funding national infrastructure bank modeled on the “American System” of Alexander Hamilton, Abraham Lincoln, and Franklin D. Roosevelt would help solve not one but two of the country’s biggest problems. #PublicBanking

A self-funding national infrastructure bank modeled on the “American System” of Alexander Hamilton, Abraham Lincoln, and Franklin D. Roosevelt would help solve not one but two of the country’s bigg…

Renters of color, especially Black Americans, often pay a "Black tax" — a premium for renting similar housing in the sam...
12/20/2020
Renters of color pay a premium for housing

Renters of color, especially Black Americans, often pay a "Black tax" — a premium for renting similar housing in the same neighborhoods as whites.

“It’s just another cost associated with race.”

The homeownership gap between Black and white Americans is worse today than when race-based housing laws and policies we...
12/20/2020
Why the racial homeownership gap persists

The homeownership gap between Black and white Americans is worse today than when race-based housing laws and policies were in effect decades ago. #Redlining

The homeownership gap between Black and white Americans is worse today than when race-based housing laws and policies were in effect decades ago.

Check out this timeline of housing inequalities in the U.S.
12/20/2020
A timeline of housing inequalities

Check out this timeline of housing inequalities in the U.S.

The Indian Removal Act was among the first laws that allowed whites to seize lands.

Mass transit riders in Boston and DC face severe cuts in service due to Covid-19, officials in both metro areas said thi...
12/11/2020
Boston And Washington Are The Latest Cities To Weigh Mass Transit Cuts

Mass transit riders in Boston and DC face severe cuts in service due to Covid-19, officials in both metro areas said this week, with public transportation systems nationwide imperiled by plummeting ridership and fare revenue, and employee health concerns.

Washington could slash service because of lower ridership, and Boston is canceling trains because employees are quarantining, the latest transit systems to face cuts due to Covid-19.

Some Americans may still receive a government issued stimulus check this December, and except for DC residents, the amou...
12/08/2020
You May Still Get A December Stimulus Check; Here’s Why And From Whom

Some Americans may still receive a government issued stimulus check this December, and except for DC residents, the amount may not be $1,200 and the check will most likely not be from the federal government.

Some Americans may still receive a government issued stimulus check present this December; except the amount may not be $1,200 and the check will most likely not be from the federal government.

The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwillin...
12/08/2020
Why the Fed Needs Public Banks

The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job. #PublicBanking

The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job.

Unemployment, sick leave and housing aid are set to expire in weeks, threatening Americans with sudden financial ruin. T...
12/07/2020
Unemployment, sick leave and housing aid are set to expire in weeks, threatening Americans with sudden financial ruin

Unemployment, sick leave and housing aid are set to expire in weeks, threatening Americans with sudden financial ruin. The looming deadlines have added new urgency to congressional talks over a new $908 billion stimulus package.

Unless Congress adopts a new stimulus package in the waning hours of the year, millions of Americans are set to lose unemployment benefits, access to paid sick leave and protections against evictions.

History tells us that pandemics precede huge shifts in society and economic systems. Professor Richard Wolff joins Ellen...
12/07/2020
PBI LIVE Ep6: When pandemics changed history

History tells us that pandemics precede huge shifts in society and economic systems. Professor Richard Wolff joins Ellen Brown on Dec. 10 at 3pm EST to lend his insights on those big historical breaks. How might public banks be involved? #PublicBanking

History tells us that pandemics precede huge shifts in society and economic systems. The Black Death, for example, was the beginning of the end of feudalism....

WEBINAR, DEC 10.  "A Christmas Present for the Biden Administration: Build Back Everything with a National Infrastructur...
12/07/2020
Angela

WEBINAR, DEC 10. "A Christmas Present for the Biden Administration: Build Back Everything with a National Infrastructure Bank." REGISTER HERE:

WEBINAR, DEC 10. "A Christmas Present for the Biden Administration: Build Back Everything with a National Infrastructure Bank." REGISTER HERE:

“Moderna’s vaccine” would be more appropriately called the “People’s vaccine.” It’s “the NIH’s vaccine. It is not merely...
12/06/2020
The People’s Vaccine—Moderna’s Coronavirus Vaccine Was Largely Funded By Taxpayer Dollars

“Moderna’s vaccine” would be more appropriately called the “People’s vaccine.” It’s “the NIH’s vaccine. It is not merely Moderna’s vaccine. Federal scientists helped invent it and taxpayers are funding its development. It should belong to humanity.”

This is not merely "Moderna’s vaccine". We should call this “the People's vaccine" or "NIH’s vaccine." Federal scientists helped invent it and taxpayers are funding its development. Now we are being asked to pay to get it.

Can we revive the planet and its economy through an idea inspired by the Roosevelt-era Reconstruction Finance Corporatio...
12/06/2020
Public Investment Reimagined: A National Investment Authority

Can we revive the planet and its economy through an idea inspired by the Roosevelt-era Reconstruction Finance Corporation? Combine a new infusion of public capital with socially benign investment options for workers’ capital held as pension funds?

Adapting New Deal ideas to 21st-century challenges

As many as 30 million American workers without four-year college degrees have the skills to realistically move into new ...
12/05/2020
Up to 30 Million in U.S. Have the Skills to Earn 70% More, Researchers Say

As many as 30 million American workers without four-year college degrees have the skills to realistically move into new jobs that pay on average 70% more. Millions of Americans may be able to climb from low-wage jobs to middle-income occupations or higher.

The findings point to the potential of upward mobility for people without a college degree.

Although the U.S. has survived four years of gross incompetence, it now faces the daunting goal of a sustainable post-pa...
12/05/2020
What Yellen Must Do | by Joseph E. Stiglitz - Project Syndicate

Although the U.S. has survived four years of gross incompetence, it now faces the daunting goal of a sustainable post-pandemic recovery. No one is better equipped to deal with today’s economic challenges than the next US treasury secretary.

Although the United States has survived four years of gross incompetence and pathological mendacity, it now faces the daunting task of achieving a sustainable post-pandemic recovery. Fortunately, no one is better equipped to deal with today’s economic challenges than the next US treasury secretary...

The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwillin...
12/04/2020
Why the Fed Needs Public Banks

The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job. #PublicBanking

Ellen Brown explores why the Fed’s policies addressing the economic impact of the coronavirus pandemic have failed.

Tackling climate change and advancing environmental sustainability is a challenge that is emerging as a key urban policy...
12/03/2020
LEED-certified buildings lower operating expenses, commands higher rents for residential units

Tackling climate change and advancing environmental sustainability is a challenge that is emerging as a key urban policy issue by an increasing number of U. S. cities, and DC is a national leader on this front. LEED-certified builidings are one approach.

Tackling climate change and advancing environmental sustainability is a challenge that is emerging as a key urban policy issue by an increasing number of U. S. cities, and the District of Columbia …

Privatizing Puerto Rico: The rushed sell-off of the territory’s electrical utility is part of a larger move to gut publi...
12/01/2020
Privatizing Puerto Rico

Privatizing Puerto Rico: The rushed sell-off of the territory’s electrical utility is part of a larger move to gut public goods for private profit. #TheCommons

The rushed sell-off of the territory’s electrical utility is part of a larger move to gut public goods for private profit.

As cities across the country consider giving tenants the right of first refusal, municipalities must be meticulous in cr...
12/01/2020
Lessons from 20 Years of Enabling Tenants to Buy Their Buildings — Shelterforce

As cities across the country consider giving tenants the right of first refusal, municipalities must be meticulous in crafting policies that preserve and expand tenants' ability to form housing cooperatives. #AffordableHousing

Cities are granting tenants the rights to purchase their buildings and form cooperatives. What must cities consider when crafting policy?

Bracing for a ‘superimposed’ holiday surge, top health experts urge Americans to take restrictive measures. ‘It’s going ...
11/30/2020
Bracing for a ‘superimposed’ holiday surge, top health experts urge Americans to take restrictive measures

Bracing for a ‘superimposed’ holiday surge, top health experts urge Americans to take restrictive measures. ‘It’s going to get worse over the next several weeks,' the U.S. surgeon general warn. #COVID19

By Jacqueline AlemanyJacqueline AlemanyAnchor of Power UpEmailBioFollowNovember 29, 2020 at 4:51 PM ESTPlease NoteThe Washington Post is providing this important information about the coronavirus for free. For more free coverage of the coronavirus pandemic, sign up for our Coronavirus Updates newsle...

Here’s a rundown of the places across the country where voters supported policies to expand #affordablehousing.
11/30/2020
Where Voters Supported Affordable Housing — Shelterforce

Here’s a rundown of the places across the country where voters supported policies to expand #affordablehousing.

Here’s a rundown of the places across the country where voters supported policies to expand affordable housing.

Address

1504 Monroe St NW
Washington D.C., DC
20010

Alerts

Be the first to know and let us send you an email when DC Public Banking Center posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to DC Public Banking Center:

Nearby government services


Comments

WEBINAR, DEC 10. "A Christmas Present for the Biden Administration: Build Back Everything with a National Infrastructure Bank." REGISTER HERE: