Tag: Housing

Mar 15

2024

Solutions to Buffalo’s lagging mortgage lending to Black residents

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Second in a series on the impact of lending practices on homeownership by Black residents in Erie and Niagara counties. The first story is here. Analysts and community leaders suggest a series of banking reforms aimed at increasing Black homeownership in Erie and Niagara counties. Ideas include expanding outreach efforts to underserved communities and retooling mortgage lending options by lowering interest rates for low-to-moderate income buyers and considering rent and bill payment history in lieu of credit history. “Potentially having those rates lowered and providing more ability for families that may not have higher income streams to have some subsidies[...]

Posted 1 month ago

Mar 14

2024

Mortgage lending lags to Black applicants in Buffalo

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This is the first of two stories on the impact of lending practices on homeownership by Black residents in Erie and Niagara counties. The second story, outlining possible solutions, is here. Black applicants are twice as likely to be denied a home mortgage as the overall population in Erie and Niagara counties, an Investigative Post analysis has found. What’s more, the region’s 18 percent rejection rate for Black applicants in 2022 was higher than in all but a handful of other major metro areas nationally.  The gap between the denial rate for Black applicants and the overall mortgage denial rate[...]

Posted 1 month ago

Mar 1

2024

Demolition threatened for Buffalo’s ‘house from hell’

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Over a year after two dead bodies were found in a boarded-up Arkansas Street house, a city court judge is once again calling for demolition of the property.  Meanwhile, the owner is now facing similar issues with a burned-out house he owns in a different West Side neighborhood.  His attorney says Kwayo Ithe Bonkuka could afford to fix the problem properties if he gets back $80,000 he paid for a city-owned house, but never received ownership of. “If we enter into an agreement, money will be transferred back for properties,” attorney Daniel Tarantino said in a recent Housing Court appearance.[...]

Posted 2 months ago

Feb 22

2024

Attorney General investigating Buffalo landlords

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A state Attorney General’s probe into lead poisoning is focused on a group believed to own or manage more than 200 Buffalo properties – at least 25 of which were cited for lead-related violations, and at least 11 of which were homes to children who have tested positive for high lead levels, according to court papers. The nearly year-long investigation was disclosed in court papers filed Friday by Attorney General Letitia James’ office. The filings describe the landlord/management group as “a tangled web of limited liability companies, corporations, and individuals,” who appear to operate out of a boarded-up building on[...]

Posted 2 months ago

Dec 29

2023

I’Jaz Ja’ciel’s reporting on Buffalo housing

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While I’m proud of the work I did for Investigative Post in the early part of 2023, including my myth-busting story about lootings during the Christmas Blizzard of 2022 and the launch of ‘East Side Stories’, I feel that my most impactful work came at the end of the year, when I started looking into Black homeownership in Buffalo and Erie County. Buffalo has a history of inequities in housing, from segregation to redlining. They have resulted in barriers to homeownership for the city’s Black residents. In fact, the number of African-Americans who own their homes in the city has[...]

Posted 4 months ago

Dec 20

2023

IDAs look to dish out housing tax breaks

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This story was produced by Investigative Post and New York Focus and based on interviews with 30 lawmakers, officials, advocates, lawyers and developers, as well as a review of data and historical records. Gov. Kathy Hochul’s push for more housing has been interpreted by industrial development agencies as a green light to ramp up controversial tax breaks for developers. The state’s 107 IDAs have never been explicitly authorized to subsidize housing and some lawmakers say that’s for a reason: Housing creates few permanent jobs compared to the industrial and commercial projects the agencies were designed to support. When IDAs do[...]

Posted 4 months ago

Dec 6

2023

Working to boost homeownership on the East Side

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If anyone knows Buffalo’s real estate market, it’s East Side native Keith Barnes, who has been helping residents find their dream homes for more than three decades.  He’s part of a small demographic: 7.5 percent. That’s the portion of America’s 1.2 million real estate brokers and sales agents who are Black, according to Census estimates. The job gives Barnes, 53, whose Barnes Real Estate Group is located off Genesee Street, a firsthand look at how Buffalo’s housing market has changed, why its Black homeownership rate has stagnated, and what can be done. “Coming from the neighborhood, how can I make[...]

Posted 5 months ago

Dec 16

2022

Podcast: Reporting on 149 Arkansas

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The windows and doors of a West Side house are boarded up, debris scattered throughout the yard. Inside, two individuals have died, their bodies left to decay. The dilapidated house at 149 Arkansas St. has been the source of numerous calls to emergency personnel. Its owners have been hit with multiple housing code violations and thousands of dollars of unpaid summons. Local residents have said the property’s owner, the Buffalo Police Department, and City Hall have skirted accountability. In their stead, the residents of Arkansas Street are left to deal with the property’s effects, including the stench of a decaying[...]

Posted 1 year ago
Investigative Post

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