December 27, 2013
At its last meeting of 2013, by a vote of 4-2, the Richmond City Council moved further along on its plans to stabilize our neighborhoods by restructuring the mortgages of underwater homeowners. Under the plan, mortgages would be reduced to a reasonable level that reflects their current value, which will give underwater homeowners some equity in the home and mortgage payments they can pay.
January 26, 2013
Massive spending cuts to the nation’s federal housing programs are scheduled to go into effect on March 1, 2013, threatening thousands of low-income families in Oakland and other Bay Area cities with higher rent than they can pay. Additionally, several hundred thousand or more low-income families all across the nation could lose their vouchers.