Business
White House Officials Break Down Pres. Biden’s Build Back Better Plan
“How will Black-owned and minority-owned businesses benefit from trillions of taxpayer money being directed to cities and states?” asked Gene Hale, president of the Greater Los Angeles African American Chamber of Commerce. “What kinds of mechanisms are in place – or will be put in place – to make sure that this money is distributed equitably. We cannot continue to just talk about equitable investments, we have to take concrete steps to make sure these programs reach the people around the country who need them most.”
By Aldon Thomas Stiles | California Black Media
California is one of many states whose policies helped to shape President Joe Biden’s $1.75 trillion Build Back Better plan, according to Gov. Gavin Newsom and Assistant to the President and White House Domestic Policy Advisor Susan Rice.
The U.S. House of Representatives held a procedural vote on November 5 that cleared the way for a full floor vote on the legislation, which could happen as early as next week.
“California’s values will be on the national stage with the Build Back Better plan. @POTUS is creating good jobs, investing in clean energy to fight climate change, helping families through at-home elder, disability & childcare, universal pre-k, & more,” Newsom’s office tweeted about a week before the U.S. House of Representatives voted 228 to 206 to approve Biden’s other signature bill, the $1.2 trillion infrastructure bill.
The infrastructure bill and its companion Build Back Better Act are central pieces to the president’s plan to jump-start the U.S. economy and put it on the road to recovery after surviving a sharp downturn brought on by the COVID-19 global pandemic.
“It’s a once-in-a-generation investment that’s going to create millions of jobs modernizing our infrastructure – our bridges, our roads, our broadband, a whole range of things,” said Biden last Saturday morning, celebrating the passage of the infrastructure bill that he is touting as “bipartisan.” Thirteen Republican members of the House broke ranks with their party and voted for the bill.
“(It turns) the climate crisis into an opportunity; and it puts us on a path to win the economic competition of the 21st century that we face with China and other large countries and the rest of the world,” Biden said.
Rice held a press conference November 4 during which she discussed the Build Back Better plan and accompanying infrastructure investments. She praised California and other states for policies such as paid family medical leave and universal pre-K as “concepts that we believe are well proven that we want to take national.”
“I think the ideas and initiatives in here have many fathers and mothers,” Rice said in reference to the Build Back Better plan. “This legislation reflects in many ways what we think are the kinds of investments that we know reduce costs for families, that improve outcomes for children and their parents.”
The Build Back Better plan is a framework for investments and programs geared toward leveling the playing field on multiple fronts following the COVID-19 pandemic.
Gene Hale, president of the Greater Los Angeles African American Chamber of Commerce, praised the passage of the infrastructure plan and says he looks forward to the Build Back Better Act becoming law. But Hale says, for him and other Black business owners across the country, too many details remain unclear.
“How will Black-owned and minority-owned businesses benefit from trillions of taxpayer money being directed to cities and states?” Hale asked. “What kinds of mechanisms are in place – or will be put in place – to make sure that this money is distributed equitably. We cannot continue to just talk about equitable investments, we have to take concrete steps to make sure these programs reach the people around the country who need them most.”
Hale said Black leaders are organizing to hold the White House and California governor accountable as federal funds get funneled down to states and municipalities.
Some of the items the Build Back Better Act focuses on are climate change, healthcare, and community violence intervention.
During an exclusive interview with California Black Media, White House Senior Advisor for Public Engagement Trey Baker talked about how the infrastructure framework will aim to provide access to clean water in struggling communities.
“This is the companion piece of legislation that is going to bring everything from Build Back Better and also an Infrastructure Framework that is going to really go into helping communities to be able to pull all of the lead pipes out of the ground,” Baker said.
The framework’s historic $555 billion investment in combating climate change will be directed toward creating jobs, promoting environmental justice, and establishing a Civilian Climate Corps.
For African Americans and other minorities, Baker said he believes environmental justice has to be central to climate change initiatives.
“The big deal on climate and environmental justice issues is that we have to be on equal footing with other communities when it comes to the environment and the importance of caring about it in the first place,” Baker said.
Expressing his concerns about the plan, Sen. Joe Manchin (D-WV), has said his fellow Democrats employed “shell games” and “budget gimmicks” to superficially reduce the cost of the framework just to get votes to pass it.
Rice responded by stating specific sections of the legislation she believed contributed to Manchin’s hesitation.
“As he said himself very clearly and publicly, we heard in our process of consultations and negotiations that Sen. Manchin is opposed to including paid family and medical leave in the reconciliation legislation. Now whether he changes his mind or comes to see it differently, we can certainly hope. But its inclusion at this point in the House bill is very consistent with our original desires, our priorities, and what we worked to try to accomplish in our consultations and negotiations with members of the Senate and the House,” Rice said.
The framework addresses healthcare and medical disparities by investing in coverage for the uninsured, hearing coverage, and maternal health for Black women.
“The pandemic laid bare a lot of the disparities that are currently in our communities,” Baker said.
“What the Build Back Better Framework will do is to close the gap with Medicaid coverage so the cost of getting insurance will be less for people,” Baker continued.
Build Back Better will also invest in evidence-based community violence intervention to help reduce gun violence as well as the chances of violent police interactions in Black and Brown communities.
Baker clarified that the initiative is not meant to replace traditional policing, but to add to it.
“One great impact that the community violence intervention program is going to have is helping to take some of the burden off of police in this country. We’re talking about leveraging trusted messengers, we’re talking about having individuals in our communities who can intervene in conflicts, connect people to social help, wellness, and employment services that will reduce the likelihood of violence overall,” Baker said.
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Activism
Ann Lowe: The Quiet Genius of American Couture
Lowe was born in Clayton, Alabama, into a family of gifted seamstresses. Her mother and grandmother were well-known dressmakers who created exquisite gowns for women in the area. By the time Lowe was a young girl, she was already showing extraordinary talent — cutting, sewing, and decorating fabric with a skill that far exceeded her age. When her mother died unexpectedly, Lowe – only 16 years old then – took over her mother’s sewing business, completing all the orders herself.
By Tamara Shiloh
Ann Cole Lowe, born Dec.14, 1898, was a pioneering American fashion designer whose extraordinary talent shaped some of the most widely recognized and celebrated gowns in U.S. history.
Although she designed dresses for society’s wealthiest families and created masterpieces worn at historic events, Lowe spent much of her life in the shadows — uncredited, underpaid, yet unmatched in skill. Today, she is celebrated as one of the first nationally recognized African American fashion designers and a true visionary in American couture.
Lowe was born in Clayton, Alabama, into a family of gifted seamstresses. Her mother and grandmother were well-known dressmakers who created exquisite gowns for women in the area. By the time Lowe was a young girl, she was already showing extraordinary talent — cutting, sewing, and decorating fabric with a skill that far exceeded her age. When her mother died unexpectedly, Lowe – only 16 years old then – took over her mother’s sewing business, completing all the orders herself. This early responsibility would prepare her for a lifetime of professional excellence.
In 1917, Lowe moved to New York City to study at the S.T. Taylor Design School. Although she was segregated from White students and forced to work separately, she, of course, excelled, graduating earlier than expected. Her instructors quickly recognized that her abilities were far above the typical student, especially her skill in hand-sewing, applique, and intricate floral embellishment – techniques that would become her signature.
Throughout the 1920s and 1930s, she designed gowns for high-society women in Florida and New York, operating boutiques and working for prestigious department stores. Her reputation for craftsmanship, originality, and elegance grew increasingly. She was known for creating gowns that moved beautifully, featured delicate hand-made flowers, and looked sculpted rather than sewn. Many wealthy clients specifically requested “an Ann Lowe gown” for weddings, balls, and galas.
Her most famous creation came in 1953: the wedding gown worn by Jacqueline Bouvier when she married Massachusetts Sen. John F. Kennedy. The dress – crafted from ivory silk taffeta with dozens of tiny, pleated rosettes – became one of the most photographed bridal gowns in American history. Despite this achievement, Lowe received no public credit at the time. When a flood destroyed her completed gowns 10 days before the wedding, she and her seamstresses worked day and night to remake everything – at her own expense. Her dedication and perfectionism never wavered.
She eventually opened “Ann Lowe Originals,” her own salon on New York’s Madison Avenue. She served clients such as the Rockefellers, DuPonts, Vanderbilts, and actresses like Olivia de Havilland. Yet even with her wealthy clientele, she struggled financially, often undercharging because she wanted every dress to be perfect, even if it meant losing money.
Lowe’s contributions were finally recognized later in life. Today, her exquisite gowns are preserved in museums, including the Smithsonian National Museum of African American History and Culture and the Metropolitan Museum of Art.
In the last five years of her life, Lowe lived with her daughter Ruth in Queens, N.Y. She died at her daughter’s home on Feb. 25, 1981, at the age of 82, after an extended illness.
Activism
BRIDGE Housing President and CEO Ken Lombard Scores Top Honors for Affordable Housing Leadership
The Development Company of the Year honor represents a milestone for BRIDGE Housing, which received the Gold award—its top designation—in a category that included both affordable and market-rate developers. The recognition caps what has been one of the strongest growth periods in the organization’s 42-year history.
By the Oakland Post Staff
San Francisco-based BRIDGE Housing and its president and CEO, Ken Lombard, have been named among the nation’s housing industry standouts, earning two of the top prizes at the 2025 Multi-Housing News Excellence Awards.
BRIDGE Housing was named Development Company of the Year, while Lombard received Executive of the Year, recognition that places the nonprofit affordable housing provider alongside leading national developers of both affordable and market-rate housing.
The awards were announced in New York for the accomplishments achieved during 2024.
Multi-Housing News is one of the industry’s most respected publications. Award winners are selected by a panel of housing professionals, including multifamily developers, architects, and owners.
“BRIDGE Housing is deeply honored to be recognized by Multi-Housing News and our industry peers,” Lombard said. “These awards are a testament to the high-impact, mission-driven work by BRIDGE’s exceptional team to deliver quality affordable housing and support services that empower residents to improve their lives.”
The Development Company of the Year honor represents a milestone for BRIDGE Housing, which received the Gold award—its top designation—in a category that included both affordable and market-rate developers. The recognition caps what has been one of the strongest growth periods in the organization’s 42-year history.
In 2024, BRIDGE significantly expanded its footprint across California, Oregon, and Washington. That momentum continued into 2025, with portfolio growth of 9%, including the addition of nine new communities and 1,187 new or acquired affordable housing units. The nonprofit also added three new projects to its development pipeline as it nears a portfolio of 16,000 units.
The growth reflects a broader strategy aimed at accelerating both acquisitions and ground-up development, supported by partnerships with major financial institutions and innovative capital markets strategies. BRIDGE has also emphasized high-quality design and deep community engagement as central elements of its approach.
BRIDGE became the first affordable housing developer to issue tax-exempt construction bonds for one of the largest affordable housing projects in Portland, Ore., leveraging its strong credit rating.
Earlier this year, the nonprofit launched the BRIDGE Housing Impact Fund, with a goal of investing $1 billion to preserve and create affordable housing. It also closed on $175 million in taxable general-obligation bonds after increasing the offering in response to strong investor demand.
The company’s performance also underscores the role of Lombard, who has led BRIDGE since 2021 and was honored individually for his leadership.
Under Lombard’s tenure, BRIDGE has built a new leadership team with experience drawn from both the nonprofit and private sectors, with a particular focus on what the organization describes as efforts to “break the status quo,” especially in affordable housing finance. Those initiatives have helped reduce capital and construction costs, strengthen relationships with institutional investors, and expand resident support services.
Today, BRIDGE Housing serves more than 33,000 residents across 139 communities on the West Coast.
“Ken has dedicated his career to innovative real estate solutions that improve the quality of life in underserved neighborhoods,” said Kenneth Novack, chair of BRIDGE Housing’s board of directors. “His visionary leadership and the work of our incredible team have positioned BRIDGE for long-term growth that will extend our impact throughout the West Coast.”
Founded in 1983, BRIDGE Housing has helped create more than 23,000 affordable homes with a total development cost of $6 billion.
Activism
Mayor Lee, City Leaders Announce $334 Million Bond Sale for Affordable Housing, Roads, Park Renovations, Libraries and Senior Centers
Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.
By Post Staff
The City of Oakland announced this week that it is successfully moving forward on the sale of $334 million of General Obligation bonds, a milestone that will provide the city with capital funding for city departments to deliver paved roads, restored public facilities, and investments in affordable housing.
“Oakland is on the move and building momentum with this bond sale,” said Oakland Mayor Barbara Lee. “We are reviving access to funding for paving our streets, restoring public facilities we all use and depend upon, and investing in affordable housing for our community, all while maintaining transparency and fiscal discipline.”
“These bonds represent our city’s continued commitment to sound financial management and responsible investment in Oakland’s future,” said Lee.
“Together, we are strengthening our foundation for generations to come,” she said. “I’m grateful to our partners in the City Council for their leadership and support, and to City Administrator Jestin Johnson for driving this process and ensuring we brought it home.”
According to the city, $285 million of the bonds will support new projects and $49 million of the bonds will refund existing bonds for debt service savings.
Oakland issued the Measure U bonds on Dec. 4 after two years of delays over concerns about the city’s financial outlook. They all sold in less than a week.
The new money bonds will pay for affordable housing, roadway safety and infrastructure improvements, and renovations to parks, libraries, senior centers, and other public facilities under the city’s Measure U Authorization.
Citywide paving and streetscape projects will create safer streets for Oaklanders. Additionally, critical facilities like the East Oakland Senior Center and San Antonio Park will receive much-needed renovations, according to the city.
Some of the projects:
- $50.5 million – Citywide Street Resurfacing
- $13 million – Complete Streets Capital Program
- $9.5 million – Curb Ramps Program
- $30 million – Acquisition & Preservation of Existing Affordable Housing
- $33 million – District 3: Mandela Transit-Oriented Development
- $28 million – District 6: Liberation Park Development
- $3 million – District 5: Brookdale Recreation Center Capital Project
- $1.5 million – District 1: Oakland Tool Lending Library (Temescal Branch Library)
- $10 million – District 3: Oakland Ice Center
“I recognize that many naysayers said we couldn’t do it,” said Johnson. “Well, you know what? We’re here now. And we’re going to be here next year and the year after. The fact is we’re getting our fiscal house in order. We said we were going to do it — and we’re doing it.”
Investors placed $638 million in orders for the $334 million of bonds offered by the City. There was broad investor demand with 26 separate investment firms placing orders. The oversubscription ultimately allowed the city to lower the final interest rates offered to investors and reduce the city’s borrowing cost.
“The oversubscription ultimately allowed the City to lower the final interest rates offered to investors and reduce the City’s borrowing cost,” said Sean Maher, the city’s communications director.
“The Oakland City Council worked closely with the administration to both advance the bond issuance process and ensure that the community had a clear understanding of the City’s timeline and approach,” said Councilmember at-Large Rowena Brown.
“In September, the City Council took unanimous action to authorize the Administration to move forward with the bond sale because these funds are essential to delivering the very improvements our communities have long asked for – safer streets, restored public facilities, and expanded affordable housing,” she said.
Continuing, Brown said, “I want to extend my sincere thanks to City Administrator Jestin Johnson, Finance Director Bradley Johnson, and Mayor Barbara Lee for their leadership, diligence, and steady guidance throughout the City’s bond sale efforts.
“Navigating complex market conditions while keeping Oakland’s long-term infrastructure needs front and center is no small task, and this moment reflects tremendous professionalism and persistence,” she said.
Moody’s gave the city an AA2 rating on the bonds, its third-highest rating, which it gives to high-quality investment-grade securities.
There was both a tax-exempt portion and a taxable portion for the bond offering, reflecting the various uses of the bond proceeds, according to a statement released by the city.
The $143.5 million of tax-exempt bonds have a 30-year final maturity and received an all-in borrowing cost of 3.99%. The $191 million of taxable bonds have a 24-year final maturity and received an all-in borrowing cost of 5.55%.
The $49 million in tax-exempt bonds that refinance existing obligations of the City resulted in $5.6 million of debt service savings for taxpayers through 2039, or $4.7 million on a present value basis.
Mayor Lee said that, based on her experience serving on the House Financial Services Committee of the U.S. Congress for more than 10 years, city staff has done an exemplary job.
“I have witnessed many cities go to the bond market throughout the years,” she said. “I can tell you with certainty that Oakland’s team is remarkable, and our residents should be proud of their reputation, their competence, and their deep knowledge of this very sophisticated market.”
Looking ahead to the final sale of the bonds, according to the city press statement, pricing marks the point at which the City and investors locked in the final dollar amounts, interest rates, and other key terms of the bond sale. This stage is commonly referred to as the sale date. At pricing, no funds are exchanged. The actual delivery of bonds and receipt of monies occurs at closing, which is scheduled within the next two weeks.
Capital projects receiving this funding will proceed on individual timelines based on their individual conditions and needs. At the time of closing, funding will be immediately available to those projects.
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