Home Tags Insurance
These days many seniors find themselves without enough to make ends meet. Then you turn on the TV and hear Robert Wagner, Pat Boone, Alex Trebek, Fred Thompson and even “Fonzie” telling us about the easy money provided by reverse mortgages. A reverse mortgage is a loan for senior homeowners, age 62 and older, that uses the home’s equity as collateral. The loan generally does not have to be repaid until the borrowers move out of the property or pass away.
In the most diverse state in America, the 10 largest insurers do shockingly little business with suppliers owned by people of color, according to a new report released March 13 by The Greenlining Institute. Insurers buy huge amounts of goods and services in California – over $23 billion in 2014 alone – but the largest firms did barely over 3 percent of their contracting with businesses owned by people of color.
I am back with you fighting for our jobs at a time when I should have been preparing to choose many of you to work with me to build the new Bayview Library. The contract to build our library in our neighborhood was taken from my company, Liberty Builders, and awarded instead to a white contractor, K C K Builders, whose bid included no Blacks at all. This time we won’t let the gate swing shut again for another dozen years. We’re all fighting back – and we’re winning, especially with the passage of Supervisor John Avalos’ Mandatory Local Hire ordinance.
The Bayview Library is a second home for the children and all the people of Bayview Hunters Point. Now the City wants to replace it with a new building, but who will build it? Low bidder on the project was Liberty Builders, located a block from the library and owned by Bay View publisher Willie Ratcliff, who is trusted to hire from the community. But the City just snatched the contract from Liberty and gave it to KCK Builders, a white contractor with no Black participation. Will the community allow KCK to build the library?