Between 2006 and 2014, nearly 10 million US homeowners lost their homes to foreclosure.
Who acquired the foreclosed properties?
Clara Miller reports that corporate buyers often swept in to acquire the foreclosed properties and that this practice was seen by federal regulators, “as a means to fast-track the acquisition of a large backlog of distressed properties.” It also marked, “the largest stripping of assets from working class and BIPOC communities in US history.”
For a quick read with some great talking points I recommend: Social Housing Report Outlines Path to Affordable Housing for All
The quotes above came from this article and the page includes links to:
- The Case of the Disappearing Federal Housing Subsidy
- THE STATE OF THE NATION’S HOUSING 2020
- Reconceiving the Federal Role in Housing Policy
- Tenant Organizing Tips
- Housing Policy Needs Abolition Too
and many more!
Ideas for Pierce County? Bring them to the Tacoma/Pierce County Coalition to End Homelessness – let’s solve this.