How Homeowners Cope with Housing CrisisPanel of Experts and Activists
Looks at Causes, Solutions
Pasadena, California, 26 April 2012Nearly 12 millions homeowners
have been foreclosed on since mid-2006 when the housing bubble burst,
contributing to the elimination of 10 million jobs in a ripple effect as
consumer spending dropped and also putting enormous pressure on the
rental market, especially for low-income and disabled renters.
According to the Los Angeles Times and other mainstream media,
Californians have been especially hard hit, suffering more than 100,000
mortgage foreclosures since the market collapse, 60,000 of them here in
Los Angeles County.
"Total losses are estimated in the tens of trillions of dollars
worldwide," says Kwazi Nkrumah, Occupy Fights Foreclosures activist.
"And the metro LA area currently has a foreclosure rate of one
household for every 46 residential units."
Hear how activist groups in the San Gabriel Valley and across Los
Angeles are fighting back, battling attempts to throw people out of
their homes and collaborating to find housing for those who can no
longer find a decentand afforableplace to rent.
* Carlos Marroquin and Cheryl Aichele from Occupy Fights Foreclosure
will discuss Occupy Movement efforts to protect homeowners from
fraudulent foreclosures.
* Sharon Kinlaw from the San Fernando Valley Fair Housing Council and
California Reinvestment Coalition will discuss CRC's monitoring
meeting with banks and outline effective fair housing arguments and loan
modifications techniques.
What: ACLU Pasadena/Foothills Chapter Forum:When: Tuesday, May 8th, 7
p.m.Where: Neighborhood Church, 301 North Orange Grove Blvd., Pasadena
The event is free and open to the public. For more info, see
http://www.aclu-sc.org/pasadena, <http://www.aclu-sc.org/pasadena,> or
contact Sharon Kyle or Chamarra Russo, Communications Co-Chairs, ACLU-SC
Pasadena/Foothills Chapter,[email protected]
[Non-text portions of this message have been removed]
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