In their letter, the senators pointed to a report by the National Fair Housing Alliance (NFHA) which found that real estate owned (REO) properties in communities of color “were 2.2 times more likely to have significant amounts of trash and debris on the premises and 2.3 times more likely to have unsecured, broken, or damaged doors than properties in comparable predominantly white communities.”
“We strongly urge you—as regulators of the entities responsible for ensuring these properties are maintained, marketed, and sold to qualified buyers—to investigate this issue,” they wrote. “As we are sure you agree, stabilization for our country’s communities most impacted by the foreclosure crisis will require financial institutions to properly maintain and market REO homes regardless of the color of the skin or nation of origin of the other homeowners who live on the block.”
More
7 comments:
Yeh that's because they would get a 2.4 % profit on a flip in a black neighborhood.Wonder why that is.? Some leaders are so stupid.
Bottom line is that Cardin fears the truth because the truth is not politically correct. In Salisbury, I remember when Church St., the Dover St. area, and the Presidents streets area were great places to live and raise a family. As the properties became rentals the population changed and those neighborhoods began to falter with crime and trash. It's just the truth and the way it is, period.
Sounds like Cardin is pulling stuff out his butt instead of really helping people.
Glad this idiot doesn't speak on my behalf anymore.
Ben, You can't legislate homeless from breaking and entering abandoned, properly boarded up properties. I'm in the business, and at ground zero. You can board it up every day in that hood, and they will still need a place to stay.
This Poser must be really sweating his re-election chances
Where did we get these democrats? Instead of banning the Confederate flag we should start banning these democrat idiots that are the source of most of the racism in this country.
Post a Comment