Eliminating Housing Programs Will Make a Bad Problem Worse

“The failure to stem the foreclosure crisis affects us all. A foreclosure in your neighborhood reduces your property values; multiple foreclosures compound this problem. As a result, the foreclosure crisis is dragging down property values nationwide, and with it, tax bases and local revenues. The real loser if the federal government does not step up its efforts to make the servicers and the banks prevent foreclosures will be the American people, and state governments that will be left to pick up the pieces.

“More and more working class families are losing their homes to foreclosure. With at least another 9 to 11 million foreclosures staring us in the face and Wall Street, banks and their servicers having been feeble in their efforts to stem the tide of foreclosures, Congress should mandate that banks reduce mortgage principals for certain, qualified borrowers whose finances are in stress through no fault of their own. This is the only way to stop foreclosures. As I have said before, regulators, congressional leaders and the White House need to stop talking like they don’t have the power to make this happen. They have more than the bully pulpit; they have tremendous leverage. They should use it.”


About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families. NCRC provides foreclosure prevention counseling to homeowners through its Housing Counseling Network (HCN). Homeowners in need of foreclosure prevention help can contact NCRC’s HCN at: 1-800-475-NCRC (6272).


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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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