Tag: California Reinvestment Coalition

Single Room Occupancy (SRO) hotels, traditionally available to those on fixed or very low incomes, are being marketed to new arrivals and tech industry workers, exacerbating the housing crisis and exploding the homeless population in Oakland. Hundreds of rooms have been lost in the last year at the Sutter, Travelers and other SRO hotels. The extractive model of financial speculation has reached into every form of housing in the SF Bay Area, and homelessness has risen exponentially.

Tuesday night, Sept. 10, the Richmond, California, City Council held a meeting packed with hundreds of community members who rallied to defend the Richmond CARES principal reduction plan that has inspired hope nationwide and a Wall Street-led campaign of threats, litigation and a deceptive election-style effort to sway public opinion. The City Council voted 4-3 to form a Joint Powers Authority to enact local principal reduction.

Says Archbishop King: “I’m more concerned about my neighbor or his grandmother who labored in the shipyard to get these houses – living clean, doing right and being honest, hardworking people on the principles they brought from the South. ... Thousands of people were illegally foreclosed and evicted from their homes by a bank that had no authority or right to do that." Sign the Change.org petition to save Archbishop King's home.