This is from our friends at ShelterForce.
“Subprime Slide,” the cover story in the Summer 2007 issue of Shelterforce magazine, explores whether the nation’s foreclosure crisis has knocked affordable homeownership off its foundations.
Across the country, increasing numbers of low- and moderate-income homeowners with subprime mortgages are being hit with rising payments they can’t carry. Shelterforce’s authors explain why in New York and elsewhere, predatory-lending practices are having devastating effects on communities and families, particularly in neighborhoods of color. They examine how housing advocates are responding to the wave of delinquencies and explore the traumas faced by homeowners trying to escape or recover from foreclosure. And from Ohio, one of the states hardest-hit by the storm, Congresswoman Marcy Kaptur maps out the lending reforms needed to stop the flood of foreclosures and prevent its recurrence.
PLUS: How a vendetta against ACORN grew into Attorneygate — Read “Mock the Vote” to learn why a conservative smear campaign against ACORN, long under the radar of mainstream media, may have a profound influence on the outcome of the 2008 presidential election.
COVER STORY: SUBPRIME SLIDE
By Sarah Ludwig
In New York City’s communities of color, years of abusive lending practices have led to record numbers of foreclosures.
By Desiree Fields, Francine Justa, Kimberly Libman, and Susan Saegert
Owners threatened with the loss of their homes suffer traumas invisible to most Americans — and to the advocates who serve them.
By Rep. Marcy Kaptur
The congresswoman from Ohio’s north coast maps out a strategy for responding to the national emergency.
By Violet Law
In Ohio, housing advocates are seeking legal strategies to keep homeowners afloat.
By Ryan Juskus and Elizabeth Elia
D.C.’s once-vibrant Shaw neighborhood used a community benefits agreement to redefine the value of its people and place.
By John Atlas
Republicans hoped to suppress poor and minority voters by going after the grass-roots group ACORN. Instead, they sowed the seeds for the Attorneygate scandal.
By Miriam Axel-Lute
The shrinking cities movement aims to promote revitalization without growth.
An interview with Jonathan F. Fanton, president of the John D. and Catherine T. MacArthur Foundation.
Important reading in the new issue of Shelterforce, the Journal of Affordable Housing and Community Building.
[tag] Supportive-Housing [/tag]