Contract for Deed as a Non-Profit Affordable Housing Tool

ACORN Citizen Wealth Financial Justice Foreclosure

New Orleans   Thinking about how to open up a pool of potentially affordable housing to low-and-moderate income families, ACORN’s Home Savers Campaign has spent a lot of time visiting with people in various Midwestern cities trying to figure out a way to link abandoned housing stock in land banks with the potential for rehabilitation with …

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The Increasing and Persistent Gap between Black and White Homeownership

ACORN Citizen Wealth Financial Justice Foreclosure

Detroit     The widening gap between black and white homeownership didn’t happen by accident.  There is abundant evidence and little debate that the gap was the result of historic discrimination enforced by federal policies, state laws, and local ordinances.  Even as ownership rates increased for minority homeowners over a 40-year period thanks to persistent work, legal …

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Land Contract Companies Settle Lawsuits in Cincinnati Without Celebrations

ACORN Citizen Wealth Financial Justice Ideas and Issues

New Orleans     In the more than a year that the ACORN Home Savers Campaign has built committees of owner-occupants in cities in Michigan, Ohio, Pennsylvania, Arkansas, Georgia, and Tennessee to try to force companies to convert land contracts to ownership for the occupants, to renegotiate the terms, and bring homes up to standards, others …

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