Tags Richmond CARES
Tag: Richmond CARES
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.
On Nov. 7, 2013, the University of California, Berkeley, held the 17th annual Mario Savio Memorial Lecture at Wheeler Hall. Each year, the lecture is geared to bring up points based on different grassroots issues that hold common interest across the nation. During the lecture, the Mario Savio Young Activist Award is given to the national winner of the competition.
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.