Peterborough Three California-based nonprofits, the National Asian American Coalition, COR Community Development Corporation, and the National Hispanic Christian Leadership Coalition sued Governor Jerry Brown and his team in California demanding replacement of $369 million obtained for the state for mortgage foreclosure relief and diverted to pay for state debts. The suit alleges that according to …
Category: Foreclosure
Banks Shirking Responsibility for Foreclosed Property Maintenance
New Orleans I woke up to headlines indicating that the National Fair Housing Alliance has accused Minneapolis-based U.S. Bank of effectively “red lining” blight into largely African-American and Latino neighborhoods in 35 different cities in 15 metropolitan areas. Recently the alliance added New Orleans, Dallas, New Haven, and Hampton Roads, Virginia to an amended complaint …
For Tenancy to be an Alternative, Renting Has to Work
New Orleans One of the many unresolved issues from the Great Recession, still painfully winding down, is whether or not it is time to call the dream of home ownership for low-and-moderate income families a tragic mirage. Having wiped out a generation of increased ownership among African-Americans and Hispanic families, and lacking a concerted funding …