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)
Rooted in Truth.Independent by Design.
Your support helps ensure that rigorous reporting, thoughtful analysis, and investigative journalism remain accessible to everyone.
Support independent journalism.
Related Stories
When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.
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.
Saying the word recovery over and over won't change the fact that the U.S. housing market is continuing its nose dive. David Blitzer of S&P tells the BBC, "Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future."
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).
Bank of America said Monday it will resume foreclosures in 23 states. The country's largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states.
When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.
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.
Saying the word recovery over and over won't change the fact that the U.S. housing market is continuing its nose dive. David Blitzer of S&P tells the BBC, "Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future."
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).
Bank of America said Monday it will resume foreclosures in 23 states. The country's largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.