Connect with us

Dallas, TX

A banking initiative for underserved Dallas area neighborhoods has a lot to prove

Published

on

A banking initiative for underserved Dallas area neighborhoods has a lot to prove


A number of neighborhoods throughout Dallas-Fort Price with little or no entry to banks will now be seeing 30-foot-long cellular items of PNC Financial institution roll onto their streets.

It’s a symbolic transfer and essential outreach as a result of predatory lending stays an issue nationwide and notably in Texas, which has one of many worst common payday-loan rates of interest within the nation. However this initiative alone gained’t remedy the necessity for banking companions that each take deposits and likewise present loans in underserved areas.

That is one step in a path to attempt to reverse the results of systemic disinvestment in low- and moderate-income communities, particularly for neighborhoods inside southern Dallas. The town just lately handed an ordinance designed to incentivize banks to spend money on racially numerous neighborhoods, although Metropolis Corridor can not drive banks to take action. In the meantime, federal regulators not often transfer to research and cite banks for discriminatory lending practices, in accordance with the U.S. Authorities Accountability Workplace.

We commend PNC Financial institution, the fourth-largest financial institution within the area, for its management in righting a historic fallacious. Dallas Morning Information reporter Colbi Edmonds wrote that the cellular banks will assist residents entry an ATM (with the choice to withdraw $1 payments), open financial institution accounts, choose up or substitute debit playing cards, apply for loans or focus on funds.

Advertisement

Southern Dallas will get not less than two cellular branches: one in Jubilee Park and Neighborhood Heart and the opposite on the nonprofit CitySquare. The financial institution will deploy different items round areas of want in North Texas because it finds extra nonprofits to companion with to construct belief inside communities.

What should observe is critical and sustained funding from main banks to undo the results of redlining that unfairly tagged massive swaths of southern Dallas as hazardous investments.

Low-income earners should have the ability to draw upon credit score that may assist them construct long-lasting wealth, as one does by means of a mortgage. Proudly owning one’s home is often considered the primary strategy to accumulate and preserve wealth, however Black and Hispanic households are much less more likely to personal their properties than white households. In accordance to an information evaluation by the Nationwide Neighborhood Reinvestment Coalition, the hole in homeownership charges for white and Black households is the most important it’s been in practically 120 years.

We welcome efforts to interchange predatory payday lenders in Texas, who on common cost $645 in curiosity on a $500 mortgage.

Banks should be prepared to soak up extra threat with their investments. On this regard, PNC can also be making strides. The financial institution stated it meant to take a position $60 million to renovate the Rosemont at Ash Creek Residences, an reasonably priced housing complicated, and $21 million to construct the Highpoint at Wynnewood, in accordance with WFAA-TV (Channel 8).

Advertisement

It’s going to take extra work to spice up southern Dallas. PNC Financial institution is setting a basis that we hope others will construct on.

We welcome your ideas in a letter to the editor. See the rules and submit your letter right here.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Dallas, TX

Dallas Fire-Rescue searching for two people swept into water near Mountain Creek Lake

Published

on

Dallas Fire-Rescue searching for two people swept into water near Mountain Creek Lake


Dallas Fire-Rescue crews are searching for two people who were swept into a creek near Mountain Creek Lake.

Jason Evans, DFR spokesperson, said crews were called at about 1:40 p.m. Saturday after a 911 call reported someone was swept into the water near the 4500 block of Mountain Creek Parkway, Evans said.

Evans said reports indicate one person was swept into the creek while a second person jumped into the creek to save them before being swept away themself.

DFR, Dallas police and game wardens are investigating, Evans said.

Advertisement

Breaking News

Get the latest breaking news from North Texas and beyond.

U.S. Rep. Crockett earmarked $2.5M for the Martin Luther King, Jr. Community Center in South Dallas.

Rocio Santiago Aguilar (right) helped kids from TBOC (Taking Back Our Community) Church...

Constellation of Living Memorials aims to transform neglected historic cemeteries in Dallas into natural habitats.



Source link

Advertisement
Continue Reading

Dallas, TX

Dallas Cowboys 2024 opponent preview: 2 Steelers to keep an eye on

Published

on

Dallas Cowboys 2024 opponent preview: 2 Steelers to keep an eye on


Any team that is coached by Mike Tomlin is going to be ready to play on any given Sunday. Such was the case for the 2023 Steelers who finished 10-7 and made it to the playoffs once again. Tomlin has never had a losing season during his tenure in Pittsburgh and the team has built a reputation for being a tough, well-coached football team under his watch.

Fast forward to 2024 and this Steelers team looks vastly different but under Mike Tomlin it will still be a disciplined football team who should be respected.

2023 Record: 10-7

Last Meeting: 11/8/2020 Steelers win, 24-19. Dallas Cowboys lead series 17-16-0

Advertisement

Head Coach: Mike Tomlin (176-101-2 as a head coach)

Key Additions: QB Justin Fields, QB Russell Wilson, LB Patrick Queen

Key Departures: QB Kenny Pickett, WR Diontae Jackson, WR Allen Robinson II

Advertisement

Photo by Lauren Leigh Bacho/Getty Images

Advertisement

What more can you say about T.J. Watt that hasn’t already been said about the playmaker? Watt may be the most feared pass rusher in the game today and the Cowboys better have a plan for how to stop him on Sunday.

With a rookie left tackle in Tyler Guyton, and Terrence Steele at right tackle who has been known to be shaky at times, figuring out how to limit Watt and his impact will be key to the team’s success.

Watt has the ability to completely change the momentum of a game and if the Cowboys don’t come prepared, he’s going to be a game-wrecker once again. Whether it’s by keeping a running back in or chipping him with a tight end, the Cowboys are going to have to maneuver their offense around where Watt is in order to limit his impact.

Advertisement
Pittsburgh Steelers v Carolina Panthers

Photo by Eakin Howard/Getty Images

Advertisement

With the shakiness that is the Dallas Cowboys secondary George Pickens has a chance to make a massive impact on Sunday night. The Cowboys are battling injury issues at corner so they will be undermanned even if it is just DaRon Bland who misses the game.

Pickens, a dynamic pass catcher out of Georgia, is rounding into form as one of the games best receivers. Trevon Diggs will travel some, but Mike Zimmer doesn’t ask him to do it all the time, setting up a situation where Pickens can find a favorable matchup against other cornerbacks the Cowboys trot out there.

Last week he went off for over 100 yards receiving. If the Cowboys aren’t careful and don’t have a plan for it, they could see Pickens do something like that once again.



Source link

Advertisement
Continue Reading

Dallas, TX

Top Dallas-area performers in Texas high school football, Week 6

Published

on

Top Dallas-area performers in Texas high school football, Week 6


Below you’ll find the top performances in rushing, receiving and passing from Dallas-area Texas high school football players in Week 6.

Rushing

Player, School, Yards

Legend Bey, North Forney, 234

Jaylon Woods, Mansfield Timberview, 220

Advertisement

High School Sports

The latest news, analysis, predictions and more for each season.

Ben Ebeke, W.T. White, 204

Brendon Haygood, Sachse, 200

Sachse running back Brendon Haygood (0) leaps past Wylie East defensive back Michael Henderson III (21) on a first down run that allowed Sachse to run out the clock on a 19-17 victory in a District 9-6A high school football game on Friday, Oct. 4, 2024, in Wylie.(Smiley N. Pool / Staff Photographer)

Cam Newton, Prosper Walnut Grove, 188

Advertisement

Chance Culley, Plano, 185

Lamar Leggins, Birdville, 180

Travis Agee, Plano East, 177

Hudson Eidem, Frisco Lebanon Trail, 173

Patrick Crayton Jr., Hebron, 172

Advertisement

Denzel Okekeuche, Frisco Heritage, 157

Micah Rivers, Northwest Eaton, 151

TXHSFB central: Previews, predictions and more for Dallas-area teams (Oct. 3-4)

Receiving

Player, School, Yards

Sawyer Borgarello, Frisco, 170

Brian Kent, Birdville, 158

Advertisement

Lathon Latiolais, Prosper, 158

Jett Hamby, Richardson Pearce, 148

Brock Boyd, Southlake Carroll, 144

Khristian Mackintrush, McKinney, 140

Lovell Neal, W.T. White. 137

Advertisement
W.T. White wide receiver Lovell Neal (15) goes up to grab a reception against Creekview...
W.T. White wide receiver Lovell Neal (15) goes up to grab a reception against Creekview defensive back Deonte Juake (21) during the first half of a District 6-5A Division I high school football game played on Thursday, Oct. 3, 2024, at Standridge Stadium in Carrollton. (Steve Nurenberg/Special Contributor)

Mark Hicks, Birdville, 136

Andrew Casagrande, Richardson Pearce, 135

Parker Ord, Frisco Panther Creek, 134

Dameon Crowe, Richardson, 132

McKenzie West, Frisco Independence, 132

Statewide Texas high school football Week 6 scores: UIL, TAPPS and more

Passing

Player, School, Yards

Advertisement

Presley Harper, Richardson Pearce, 468

Zach Wells , Birdville, 452

Jeremiah Daoud, McKinney, 421

Braeden Imhoff, Prosper, 415

Hayes Hackney, Prosper Walnut Grove, 379

Advertisement

Maguire Gasperson, Argyle, 376

Drew Kates, Richland, 357

Jayden Maples, Frisco Wakeland, 333

Cobyn Harbert, Frisco, 333

Frisco player #5 Cobyn Harbert tries to avoid being tackled during the Frisco Lone Star High...
Frisco player #5 Cobyn Harbert tries to avoid being tackled during the Frisco Lone Star High School versus Frisco High School football game at the David Kuykendall Stadium in Frisco, TX, on Oct 4, 2024.(Jason Janik / Jason Janik)

Noah Spinks, Flower Mound, 331

Axel Lofstrand, Carrollton Newman Smith, 321

Advertisement

Kendrick Sanders, Garland Lakeview Centennial, 286

Find more high school sports coverage from The Dallas Morning News here.

Sign up for our FREE HS newsletter



Source link

Advertisement
Continue Reading
Advertisement

Trending