Women who asked their mortgage lenders for a loan modification, and instead had their homes foreclosed upon, testified in support of a bill aimed at increasing regulations for mortgage lenders.
With more cooperative majorities in both houses of the legislature, look for Governor Dayton to propose not only property tax relief, but also property tax reform, during the 2013 legislative session. This after two years of conservatives blocking his property tax relief proposals while slashing revenue sharing with local governments and eliminating the homestead credit.
"Banks vs. the People: A Look at Home Foreclosures in St. Paul," covers a topic that has likely affected someone you know-if it hasnapos;t affected you personally- the topic of exploitive bank practices and how they have led to high foreclosure rates in St. Paul communities. This group, including Delmar, Tori, Myapos;Eisha, and Amolak, worked with Jewish Community Action (JCA). Along with JCA and some other key community activitsts, the group sought out experts and victims in their community to find out what led to this catastrophe, who it affected most, and what is being done to prevent something similar from happening in the future.
Homeownership among Blacks on the Northside has been waning in recent years, first because of the mortgage foreclosure crisis, and secondly by the May 2011 tornado. As a result, a group of North Minneapolis pastors met a few months ago and joined collaboratively to help address this issue.
