WCCCD Hosts 2020 Census & Voter Education Rally ROOTS. B1
Michigan Chronicle
Vol. 83 – No. 22 | February 5-11, 2020
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WCCCD Chancellor Dr. Curtis L. Ivery Receives Airport Authority Appointment Wayne County Community College District Chancellor Dr. Curtis L. Ivery has been appointed Chairperson of the Wayne County Airport Authority (WCAA) Board for a four-year term which expires in 2024. Ivery was appointed to the seven-member independent board by Wayne County Executive Warren Evans. The WCAA is tasked with the strategic operation and management of Detroit Metropolitan Wayne County Airport and Willow Run Airport. Detroit Metro Airport is one of the busiest airports in the world, and last year ranked first in customer satisfacCurtis L. Ivery tion by J.D. Power and Associates. Together, Detroit Metropolitan Airport (DTW) and Willow Run Airport (YIP) represent one of the world’s leading air transportation hubs, recording more than 1,100 flights a day to and from four continents and providing $10.2 billion in annual economic impact and thousands of jobs. “I am honored by this appointment and the opportunity to work with my board colleagues to advance one of the world’s most important transportation hubs,” said Ivery. “We know that Detroit Metro and Willow Run are vital parts of the economic engine that drives our region forward. During such a dynamic and innovative time in transportation and in southeast Michigan, it is truly exciting to champion that movement and help our region thrive into the future.” As the Chancellor or Chief Executive Officer of Wayne County Community College District, Ivery directs the largest urban community college district in Michigan. Ivery led the transformation of the District into a thriving, six-campus, inclusively pluralistic District that serves nearly 70,000 students annually, and 36 cities and townships across 500 square miles. Ivery is a recognized national thought leader, early education and equity advocate, educator, author and scholar. Ivery directed the creation of more than 120 workforce development, career and academic programs to help retrain workers for new careers in emerging sector industries, and a rigorously transparent operating model that has become a reference point for educational institutions nationwide.
WHAT’S INSIDE
Celebrate Black History in Style:
Shinola Introduces
Smokey Robinson
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Detroit Housing Crisis: American Economy By Whitney Gresham When Dr. Karl D. Gregory read stories recently in the local newspapers about the city of Detroit overtaxing homeowners by roughly $600 million following its failure to accurately lower property values following the Great Recession, the retired economics professor could only shake his head. A distinguished professor emeritus of economics at Oakland University in Rochester, Gregory knew such a catastrophe would impact black and brown Detroiters the most. And he shuddered at the thought of how difficult it would be for the city to make all of the victim’s whole without creating another financial crisis of its own.
State of Black Detroit “This particular crisis is going to be especially painful to resolve,” he said, “because historically the main source of black wealth in the U.S. is tied up in the equity in their homes.” “And more than any group of Americans, black Americans took the biggest losses during the Great Recession because of losing their homes as a consequence of the mortgage crisis which helped triggered the recession,” Gregory said. “Much of black wealth was wiped out as families were encouraged to take out loans even if they were not qualified,” he said. “The banks would repackage and sell the loans to others, eliminating the “risk” to the initial lender and transferring it to the uninformed purchaser of the loan packages. So when the inevitable happened people had their homes taken from them Mortgages defaulted and it wiped out a lot of wealth.”
“This is capitalism at its worst,” Gregory said. The professor isn’t exaggerating. In fact, according to a July 2018 Michigan Public Radio report, homeownership rates for African-Americans declined nationwide in the wake of the Great Recession. However in Michigan, with a historically high level of black homeownership, the report noted the drop was steeper— from 51% in 2000 to just 40% in 2016. “Wayne, Oakland and Macomb counties experienced the largest drops in the state. And African-American homeowners aged 45-64 were the hardest-hit, with homeownership rates falling 18%. Thus, African-American homeownership has fallen further in Michigan than in any other state since 2000,” it said.
So, in the minds of many people, the overtaxing scandal has come to symbolize for many African Americans and black Detroiters in particular, the frustrating and maddening relationship between African Americans and the U.S. Economy. Indeed, some of the best known and large major institutions and businesses today were founded based on profits from slavery and with loans using slaves as collateral. “The current beneficiaries of these ill-gotten gains have also benefitted from hundreds of years from interest and capital gains earned at compounded rates,” Gregory said. While it is understood almost intui-
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HOUSING CRISIS page A2
Rev. Dr. Jim Holley Announces Retirement After Five Decades After 48 years of service to his church and congregation, Dr. Reverend Jim Holley announced his pending retirement this past Sunday and announced the building of a new senior citizen facility this spring. Holley’s retirement will be official New Year’s day 2022 which will end 50 years of pastoring and his church leadership. In a letter to the church he reflected on his first coming to the city. “I remember moving to Detroit on January 1, 1969, after I was asked to come to this great city by my mentor, the late Dr. Benjamin Hooks, famed Civil Rights Leader, Executive Director of the NAACP, and Senior Pastor of Greater New Mount Moriah Baptist Church,” said Holley. “I was fresh out of seminary school in Chicago and was
Rev. Dr. Jim Holley Residences Preliminary Rendering. excited to serve under Dr. Hooks at his church. I was honored to join him on the critical pathways of the Civil Rights Movement.” Holley went on to say, “today, with a membership of 1,500 and
growing; Historic Little Rock Baptist Church is one of the greatest churches in America and beyond. And, we’ve done God’s business, not just on Sundays, but on the
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