Transcript Slide 1

Turning Crisis Into Opportunity
Yes, We Will! Conference
November 9, 2009
Ray Neirinckx
RIHRC
[email protected]
Knowledge is Power.
Resources are available to
assist at-risk homeowners.
* HAMP (Home Affordable
Modification Plan)
* Lender-driven support such
as Bank of America and
HOPE NOW
Knowledge is Power
• HAMP news: www.makinghomeaffordable.gov
• HOPE NOW news: www.hopenow.com
• Local support the work of advocates, activists,
CDCs, CAPs , government.
Neighborhood Stabilization
• How do we protect not only homeowners
but the neighborhood in reducing
foreclosures?
• A Responsible Approach to Neighborhood
Stabilization http://www.stablecommunities.org/redevelop
The Ripples of Foreclosures
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We know the impact of foreclosures on
families in our state:
Displacement & homelessness
Family finances- credit repair/asset losses
Mental & Physical health of adults/children
Elder impact on health, housing & income
Family Breakup
Educational challenges
Don’t Forget the Tenants
• As of May 20, 2009, tenants are protected
by the Federal Tenant Protection Act.
• As of September 2009, tenants in the City
of Providence are protected from eviction
due to a foreclosure.
Yes, We Can Call to Action
• The State of Rhode Island Should Institute
a Moratorium on all Foreclosures Due to
the High Rate of Unemployment and the
Highest Rate of Foreclosures in New
England.
Resources
• www2.urban.org/nnip/foreclosures.html
• www.stablecommunities.org
• www.foreclosure-response.org
• www.dsnews.com
Conclusion
• In the future the question will not be, "Are
people credit-worthy", but rather, "Are
banks people-worthy?" - Muhammed
Yunus (Nobel Prize winner)
http://www.sweet-juniper.com/2009/07/feral-houses.html
& http://www.forgottenprovidence.com