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☆ Here's how guaranteed basic-income programs get their funding
  + stars: | 2024-04-09 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com   time to read: +6 min
Cities like San Antonio, Austin, Denver, Boston, and Minneapolis have turned to basic-income pilot programs to explore ways to reduce those poverty levels. Republicans in Texas, Arizona, Iowa, and South Dakota are making efforts to ban GBI programs at the municipal and state level. AdvertisementStates and cities sometimes fund basic-income programsMany basic-income programs receive funding directly from state and local governments. Nonprofits and philanthropy play a key role in basic-income fundingOther basic-income programs are organized through a nonprofit, or receive funding from foundations and private donors. Along with funding cash payments, the Economic Security Project said that philanthropic donations can help a GBI programs pay for income policy research.
Persons: —, Monique Gonzalez, John Gillette, Flint, Joe Biden, Jack Dorsey, UpTogether Organizations: Service, Economic Security, Business, SNAP, Republicans, BI, American, ARPA, Chicago's Department of Family, Support Services, Mayors, Georgia Resilience, GRO Fund, Colorado Trust Locations: Cities, San Antonio, Austin, Denver, Boston, Minneapolis, Texas , Arizona , Iowa, South Dakota, Arizona, California, Los Angeles, San Francisco, Sacramento, Michigan, Massachusetts, Texas, Chicago, Somerville , Massachusetts, GBI, Harris, Houston, Georgia, Atlanta, Colorado
☆ Why tiny homes could be a big deal
  + stars: | 2023-08-06 | by ( Matt Turner | ) www.businessinsider.com   time to read: +6 min
It's easy to look at these tiny homes as undersized gimmicks, but there are real use cases. Others are leaning on tiny homes to house homeless veterans. Denver changed its zoning laws to make ADU construction easier, allowing two-story units in some parts of the city. Tiny homes won't fix that, but innovation in zoning and construction, taken with recent data pointing to a surge in residential construction, offer reasons for hope. Why tiny homes could be a big dealThis first appeared in the Insider Today newsletter.
Persons: Joyce Higashi, Katie Sandoval, Clark, Maggie, John Randolph, crumbles Karl Maasdam, Lawrence D, Thornton, Rebecca Zisser, Francesca Gino, Gino, she's, Read, Morgan Stanley, Arantza Pena Popo, Who's, James Gorman, Ted Pick, Morgan Stanley copresident, Insider's Hayley Cuccinello, Pick, Andy Saperstein, Ted Pick Big, Tyler Le, Brad Setser, Tess Turner, Stack, coders, — Jasmine Hyman, Doc Martens, Matt Turner, Hallam Bullock, Lisa Ryan Organizations: Service, Harvard, Big Pharma Locations: Wall, Silicon, California, San Jose, New Hampshire, Denver, Austin's, New York City
☆ California could pay homeowners $40,000 to build a tiny home in their backyards. It's 'vital,' for increasing the housing supply in the state, one expert said.
  + stars: | 2023-08-02 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +3 min
California set aside $50 million in the state budget for homeowners building backyard homes. The cash plays a "vital," part of the state's ability to increase housing supply, one expert said. The state is short 2 million homes, and many experts think ADUs can ease the issue. Through that previous program, homeowners received grants of up to $40,000 to develop at least one additional housing unit on their property. ADU financing is hard to findNearly 20% of all homes built in California are ADUs, according to data from the state's department of housing.
Persons: Gavin Newsom, Muhammad Alameldin, CalHFA, Alameldin Organizations: Service, Gov, University of California, Berkeley Terner Center, Housing Innovation, Los Angeles Times Locations: California, Wall, Silicon
☆ California is about to give Hollywood studios a lucrative tax deal during the writers’ strike
  + stars: | 2023-06-30 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
CNN —The state of California is about to give movie and TV studios a new lucrative tax perk. The new, refundable tax credits come as competition for film and TV production from other states and countries is on the rise. In a 2020 SEC filing, Netflix said it had $250 million in California R&D tax credits — far more than it could use. In addition to refundable tax credits and stricter safety standards, the bill establishes specific diversity requirements. The bill also adds a new member to the state’s film commission with diversity, equity, and inclusion expertise.
Persons: Gavin Newsom’s, Newsom, Alec Baldwin’s, Wendy Carrillo, ‘ Rust, Dave Cortese, Baldwin, Halyna Hutchins, ” Cortese, Carrillo, ”, Chris Hoene, that’s, Hoene, ” Carrillo, “ Organizations: CNN, Netflix, SEC, Disney, Comcast’s Universal Studios, Democratic, Warner Bros, Warner Bros ., Hollywood, Guild of America, SAG, WGA, California Budget, Policy Center Locations: California, States, New York, Georgia, Angeles County, Los Angeles
☆ How universities became giant piggy banks for hedge-fund billionaires
  + stars: | 2023-03-08 | by ( Catherine Liu | ) www.businessinsider.com   time to read: +14 min
The move also marked the beginning of a new way to manage endowment funds. The arrangement has been a boon for the hedge-fund managers who received university endowment cash, but the benefits for the schools are trickier to parse. As Eaton put it in his book, universities directed funds to "wherever those allocations would generate the largest further investment returns." Eaton estimated in 2017 that tax breaks for university endowments cost federal coffers up to $19 billion a year. As the influence of billionaires and hedge-fund managers has grown, universities have moved further away from their ultimate goal: educating people.
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