Banks own many of Dallas' low-income, high-crime apartments

Banks own many of Dallas' low-income, high-crime apartments - and they're rewarded for it

Рет қаралды 9,620

Күн бұрын

Banks are required to lend to low-income borrowers. But, instead of loans, regulators incentivize banks to invest in housing built in areas of crime and blight.
More: www.wfaa.com/a...
Subscribe to WFAA: bit.ly/subscri...
For news anytime: www.wfaa.com/

Пікірлер: 54

@antonioduverge3558 3 ай бұрын

How i would love to have that level of corruption in my country, stunning housing in a poor area, what a disgrace!! In my country there’s not even one complex like this.

@c.l.1820 3 жыл бұрын

The City officials are the ones who approve and sign off on the properties. Why not interview them about this?

@canadadelendaest8687 Жыл бұрын

Because it's not the banks fault that crime follows a certain demographic.

@farahabdi6605 Жыл бұрын

Nonsensical

@3namechangezalowdevry90day7 3 ай бұрын

@@canadadelendaest8687This is about irresponsibility and criminal behavior, which drives retail (and jobs) out of the area.

@3namechangezalowdevry90day7 3 ай бұрын

The bad neighborhood is created through CRIME, which drives away retail and industry. Crime is a DECISION. Don't blame the bank for funding the builder! Would you rather be homeless? Do you know how much more the lot would cost if it were in a nicer area? The lot cost would be a higher portion of the builder's budget so only a few units could be built.

@mrmateojones8368 Жыл бұрын

I do not understand the point of this story. Don’t build housing around other low income housing? Or low income housing should be owned by smaller investment firms?

@pst6441 6 ай бұрын

The point is to build low income housing where families can have access to resources like good schools, community centers, or job opportunities. Or invest in the areas where there are lots of low income housing by providing mortgages or loans for people to purchase homes and improve the neighborhoods through home ownership, home improvements, and property taxes. They’re profiting off investing in low income housing but not improving the neighborhood leaving low income families with not much opportunity to grow and thrive. Basically, it’s very one-sided and leaning more in favor of the banks not the community.

@azcompetitiveshooter 3 ай бұрын

@@pst6441the schools are good , its the students that turn them to sheeeeet.

@Anthony-G2G 3 ай бұрын

@@pst6441 where else would you put low income housing? - Highland Park?

@3namechangezalowdevry90day7 3 ай бұрын

@@pst6441The bad neighborhood is created through CRIME, which drives away retail and industry. Crime is a DECISION. Don't blame the bank for funding the builder! Would you rather be homeless? Do you know how much more the lot would cost if it were in a nicer area? The lot cost would be a higher portion of the builder's budget so only a few units could be built.

@3namechangezalowdevry90day7 3 ай бұрын

@@pst6441If you were a bank's loan officer, would YOU loan to broke people with bad credit assuming it would make them upstanding citizens? Would you do that knowing that that's what caused the crash of 08 and that if your bank failed you'd be out of a job?

@StevenWernerCS 3 жыл бұрын

Well an actual news story. Keep it up

@hnd1776 3 жыл бұрын

Anywhere they build these projects,will become the ghetto. Not the other way around.

@SubliminalMessagesTV 3 жыл бұрын

And that's how they get away with it.

@ccsballazdre 3 жыл бұрын

This story deserves the Emmy.

@deplorablepocdetejas1989 3 жыл бұрын

Don't be quick to believe MEDIA funded by the SAME Banks.

@user-ln7of9gs4s 3 ай бұрын

@@deplorablepocdetejas1989why don’t you dispute what’s fake in the story? What’s inaccurate? Do you have anything besides random unsubstantiated statements? You have no details.

@3namechangezalowdevry90day7 3 ай бұрын

@@user-ln7of9gs4sCRIMINALS (not builders or banks) create the ghetto by driving away businesses and jobs!

@MrAsanchez9210 3 жыл бұрын

At least they are making place for low income people to live at. Now its time to change low income people mind instead of trying to make them get more free shut.

@xbi4147 3 жыл бұрын

Agree. I don't get why people in the video tried to blame the bank for the death of the kid. It's the criminal's fault.

@jcgoogle1808 3 жыл бұрын

This may be 8 months late,... just saw this story,... but you're exactly right. So the banks at the government's urging and at tax payer expense invest millions to build nice apartment buildings in poor neighborhoods and these people are complaining about it? I guess tax payers should stop being forced to build nice apartments in low income hoods. I guess that'll make eveyone happy. It'll make this tax payer happy.

@jasonwood3 4 ай бұрын

Regulators likely saw that it's nearly impossible not to lose money with low-income borrowers because usury laws cap interest rates and default risk is so high, so development of subsidized apartments is one way to get benefits to low income people. If someone didn't develop these apartment complexes, the story would be about how there is underinvestment in low-income areas, where crime is high and people are not creditworthy (maybe leaving that part out). If the adults in these areas were less accepting of crime, and refused to tolerate it in their own neighborhoods and families, it would go a long way toward solving the problem.

@jcgoogle1808 3 жыл бұрын

Lessee if we have this straight,... the banks provide subsidized housing for the poor (no not at the expense of the poor as the pastor said, at the expense of the tax payer) and these people are complaining about it as if the banks have at the expense of the tax payer have done something bad?????? Do we have this about right??? How about the people representing them and the poor complaining about brand new subsisized housing stop destroying their own neighborhoods with crime and lack of care for their own nieghborhoods? How about straightening up your own back yard before demanding these people who have shown not to care about their own neighborhoods be injected and dragging crime with them into neighborhoods that do care?

@andyleo8418 2 жыл бұрын

Why would you loan money to people who will most likely not pay it back? Makes no sense. Banks, like any business, want to make money not lose it.

@3namechangezalowdevry90day7 3 ай бұрын

People have already forgotten that GW Bush's plan to give home loans to those with bad credit is what led to the crash of 08.

@oniamayberry 3 жыл бұрын

Aww thats my pastor.

@alanaweaver8942 3 жыл бұрын

I thought American Express was a credit card company not a bank 🤯

@jenniferoviawe6616 9 ай бұрын

Shocked me as well.

@oladeebiazazi4538 3 ай бұрын

It’s both

@3namechangezalowdevry90day7 3 ай бұрын

Most credit card companies have their bank behind them such as Discover and Cap One. The interest they pay is better than most brick and mortar banks.

@imanirenee24 3 жыл бұрын

Class Act Sue Dallas Residents get their money 💰

@MrAsanchez9210 3 жыл бұрын

What should the banks really do? If low income people can't buy houses they have to oxide some how.

@Eusantdac 3 жыл бұрын

What they should do? Did You not listen to the report? They're not building as they should be to begin with. You might be a bot though. I see You have multiple comments, hour after hour.

@MrAsanchez9210 3 жыл бұрын

@@Eusantdac they can't build in an area thats expensive when they have low rent. It wouldn't make sense. Because your taxes would be paying for their taxes in a wealthy area. Instead of making a big deal about all this. Make a big deal about helping low income people.

@Eusantdac 3 жыл бұрын

I have no idea what You are trying to say. Look at these scenarios though: a teacher who works in a poor area and then goes home in the suburbs, or a police officer who works in a poor neighborhood and takes all his money from a well paying job to the suburbs? Poor areas always lose that way because the decent jobs there mainly go to people from somewhere else. So mixing income levels wouldn't be bad from that perspective.

@MrAsanchez9210 3 жыл бұрын

I'm saying if banks buy outside the poor areas. Its too expensive. So the government is paying for higher rents for the low i come people and your taxes are going to be used for that. Do you really think the city wants crime in the better areas.

@Txshanell 3 жыл бұрын

Pray this law get changed

@scrow2034 2 жыл бұрын

Boycott these banks

@qezshaqianu9134 3 жыл бұрын

WITHIN EVRY WICKED n hateful SYZTEM th BEST peopl az a COLLCTIV will ALWAYZ b opprezd n SUPRREZD...a TRUE POWER of structure wud NOT HAV 2 DO thiz...

@3namechangezalowdevry90day7 3 ай бұрын

CRIMINALS (not builders or banks) create the ghetto by driving away businesses and jobs! If you were a bank's loan officer, would YOU loan to broke people with bad credit assuming it would make them upstanding citizens? Would you do that knowing that that's what caused the crash of 08 and that if your bank failed you'd be out of a job?