http://www.kabf.org/wp-content/uploads/2014/02/wadesworldfeb7.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts New Orleans Some months ago the City of Richmond in California, long seen as little more than a company town for the giant oil conglomerate, Chevron, rose to the attention of millions of families still trying to sort out the problems of threatened foreclosures. Richmond uniquely …
Tag: Richmond Progressive Alliance (RPA)
Richmond’s Takes Charge of Foreclosures
Kansas City Richmond, California became the first city in the country to take charge of the foreclosure crisis, lingering since 2007, by using its powers of eminent domain to force the hands of the banks to renegotiate the mortgages to market value. As it happens, this issue of Social Policy leads with a great …
Richmond’s Fight to Use Eminent Domain to Stop Home Foreclosures
New Orleans Talking to community activists this week who are among the sparkplugs behind the Richmond Progressive Alliance (RPA) in Richmond, California, one of the hot topics was the investigation by the city of whether or not eminent domain might force refinancing of houses facing foreclosure that are “underwater,” where owners owe more than market …