National

Building Tiny Houses Into Big Help for Los Angeles’ Homeless

Published

9 years ago

May 8, 2015

Los Angeles resident Elvis Summers poses with his tiny house on wheels he built for a woman who had been sleeping on the streets in his South Los Angeles neighborhood on Thursday, May 7, 2015. Summers never thought more than 5.6 million people would watch a YouTube video of him constructing the 8-foot-long house for Irene “Smokie” McGhee, 60, a grandmother who’s been homeless for more than a decade. He estimates he spent less than $500 on plywood, shingles, a window and a door. (AP Photo/Damian Dovarganes)

CHRISTOPHER WEBER, Associated Press

LOS ANGELES (AP) — Shortly after Elvis Summers befriended Irene McGhee, he learned she was sleeping on the streets of South Los Angeles.

So the man with the blue mohawk and wraparound shades decided to build the grandmother nicknamed “Smokie” a tiny house on wheels. Summers estimates he spent less than $500 on plywood, shingles, a window and a door for the 8-foot-long structure that can be moved around by one person.

It turned out so well that Summers launched a crowdfunding campaign to construct similar shelters for other homeless people in his neighborhood. He had no grand ambitions beyond lending a helping hand in a city with thousands of residents without roofs over their heads.

“Honestly, I thought I’d raise enough money to help a dozen people, call it a day, and then go back to stressing about my job,” said the 38-year-old, who runs an online apparel store.

Summers never thought more than 5.6 million people would watch a YouTube video of him constructing the house for McGhee, who’s been homeless for more than a decade. It ends with McGhee doing a little jig and hanging up a “Home Sweet Home” sign.

The GoFundMe campaign — called Tiny House, Huge Purpose — has brought in nearly $60,000 in less than a month. And Summers’ inbox is overflowing with offers for help from carpenters, homeless advocates, retirees and children as young as 6.

Summers suddenly considers himself a man with a mission. He has started a nonprofit and reached out to Los Angeles officials to get the city involved in his plan to build more tiny homes for transients.

“People are calling it a movement,” he said Thursday. “I’m humbled. But now I can’t turn my back on it.”

Builders said they would donate materials, contractors offered to help in the design of the small, wheeled structures, and chefs said they would bring food to the construction sites.

Summers said he wants to hire homeless people to help with the construction. McGhee, 61, said she would be the first person to sign up.

“I’m ready to start building,” she said. “Give people a good night’s rest. Someplace warm.”

It is unclear if the city would enforce rules for these homes. McGhee said police have told her she won’t be bothered as long as she moves the home, which is small enough to fit in a parking space, every three days.

And the structure is so small that it wouldn’t require permits if built on private property, said Luke Zamperini, spokesman for the city Building and Safety Department.

“We do not consider it a dwelling or a building as it does not meet the definition of either,” Zamperini said.

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How to Use Credit Wisely

(NewsUSA) – As the holiday season approaches, more people are out shopping, searching crowded stores and online promotions for the best discounts, and using their credit cards to pay for it all. But beware the financial dangers of credit use — how you pay for these deals could safeguard your budget or lead to debt. […]
The post How to Use Credit Wisely first appeared on BlackPressUSA.

Published

5 days ago

November 24, 2023

Oakland Post

A CERTIFIED FINANCIAL PLANNER professional can help you guard against costly credit mistakes, paving the way for a financially sound festive season and beyond. Learn more about how to use credit in a way that works for you with the insights below.

Choose Your Credit Card Wisely

Whether you’re shopping for holiday gifts or purchasing necessities like groceries, the credit card you use can make a big difference. There are several factors to consider:

Interest Rates. Rates generally run from 21-33%. The standard bank card charges at the low end of the range, and retailer credit cards (those typically with the store’s name on them) charge as much as 33%.
Cash Back. Among the best deals are bank cards that offer cash back ranging from 1-4% of your purchase.
Rewards Points. Some cards have rewards programs where you earn points that you can redeem for products or services. They may seem attractive but are worthwhile only if you’re actually interested in the rewards offered.
Cash Discounts. While retailer credit cards have the highest rates, some offer big cash discounts at the point of purchase. That may be the only time they’re worth using.

Improving Your Credit Score

Boosting your credit score can help you qualify for the lowest available interest rates on auto loans, personal loans and mortgages. If you can, pay the full balance when your credit card bill arrives. But most importantly, never miss a payment. Paying on time not only avoids late fees, but also is a key factor in improving your credit score. The easy way to ensure timely payment is to set up automatic online payments.

A CFP^®professional can help you develop other strategies to save money while improving your credit profile, including the following:

Identifying which debt to pay down first.
Switching to balance transfer cards that don’t charge interest for a year or longer.
Converting high-interest debt with interest payments that are not tax-deductible to lower-interest debt whose interest payments are tax-deductible.

Establishing Credit

Lenders offer credit to people with a long and reliable credit history. Most young adults don’t have one. There are various ways to obtain credit, but steer clear of debit cards that claim they can help you build a credit history. When you consider the costs and requirements, they’re usually no bargain. You have better and cheaper options for establishing credit. Here are three of them:

Get a secured credit card.
If you have a student loan, make sure you’re up-to-date with payments.
If you pay rent, ask your landlord to report your on-time payments to the credit bureaus.

The choices we make in managing credit can have a lasting impact on our financial journey. As you navigate the complex credit landscape, remember that CFP^® professionals can offer tailored guidance for your unique circumstances. Whether it’s identifying strategic debt payments, exploring balance transfer options or establishing credit responsibly, a CFP^® professional can provide a roadmap for achieving your financial goals. Find a CFP^® professional today.

The post How to Use Credit Wisely first appeared on BlackPressUSA.