New Orleans Homes to Be Demolished
The U.S. Department of Housing and Urban Development plans to demolish thousands of public housing units in New Orleans this weekend, despite an urgent need for affordable homes in the city. This video explains why, and what you can do about it.The U.S. Department of Housing and Urban Development plans to demolish thousands of public housing units in New Orleans this weekend, despite an urgent need for affordable homes in the city. This video explains why, and what you can do about it.
Watch it: (h/t: Michael Siegel)
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The city that was the arsenal of the 20th century may also provide the blueprint for a more precarious era: 100,000 of its residents are on what many call an eviction “conveyor belt.”
The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks' foreclosure abuses. But Monday morning, the very regulators who launched the program 18 months ago announced that it had all been a massive mistake and shut it down.
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More than half of the state's homeowners with a mortgage -- 514 percent -- spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the US Census Bureau's American Community Survey (more).
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