Serving Communities through the Law HUB 2 11:30AM – 12:15PM Thanks to the tireless work of advocates and experts working in coalition, NYS’ homeowners have seen some policy advances at the state level, including the Foreclosure Abuse Prevention Act, but that enactment itself has spawned litigation as the lending industry challenges the constitutionality of that […]
Directly Tackling Racist Barriers to Homeownership The Forum 10:15 – 11:15AM To work in the field of homeownership is to acknowledge and confront every day that deeply-rooted racist practices impact the ability of communities of color to access homeownership. Where do we stand now, and what solutions can begin to level the playing field? How […]
A senior citizen on disability who had twice been a victim of deed theft. A first-generation immigrant in South Brooklyn facing foreclosure on their family-home after falling behind on his mortgage payments. A group of tenants on a rent strike after realizing that their original landlord was a victim of deed theft and they were […]
Nearly two years after the coronavirus pandemic began, the economic fallout from the virus has pushed thousands of New York City homeowners to the brink of foreclosure. Yet the financial distress among homeowners is unevenly distributed throughout the five boroughs, according to a new analysis of mortgage delinquency data by the Center for NYC Neighborhoods. […]
New York City has significantly higher levels of mortgage distress than the rest of New York State, according to the Federal Reserve Bank of Atlanta. We estimate there are approximately 75,000 New Yorkers at risk of foreclosure in the coming year. This estimate includes New York City borrowers in forbearance and those not in forbearance […]
A 9/11 survivor whose bank halted her mortgage modification due to the pandemic. A homeowner-landlord who hasn’t received rental income from tenants since the pandemic began. A woman who lost her income to COVID-19, and was unable to receive any relief from her mortgage servicer — not a payment plan, loan modification, or a forbearance. […]
STATEMENT FROM THE CENTER FOR NYC NEIGHBORHOODS ON HELP FOR NY HOMEOWNERS IN $1.9 TRILLION COVID RELIEF BILL Leading Homeownership Nonprofit Applauds Congressional Leadership and Biden Administration for Passing Critical Bill, Details How It Can Help New York Homeowners Statement from Christie Peale, CEO and Executive Director of the Center for NYC Neighborhoods: We applaud […]
February 8, 2021 The Honorable Nancy P. Pelosi Speaker U.S. House of Representatives Washington, DC 20515 The Honorable Charles E. Schumer Democratic Leader U.S Senate Washington, D.C. 20510 The Honorable Kevin McCarthy Minority Leader U.S. House of Representatives Washington, DC 20515 The Honorable Mitch McConnell Republican Leader U.S. Senate Washington, D.C. 20510 Dear Speaker Pelosi, […]
FOR IMMEDIATE RELEASE: FEBRUARY 5, 2021 ADVOCATES APPLAUD SENATE BILL FUND TO HELP MILLIONS OF FAMILIES KEEP THEIR HOMES; URGE INCLUSION IN COVID STIMULUS BILL Housing and Civil Rights Groups Call for Homeowner Assistance Fund to Avoid New Wave of Foreclosures and Devastating Effects for Communities of Color Today, leading housing and civil rights groups […]
There is a lot to praise about President-elect Biden’s proposed $1.9 trillion relief package aimed at combating the economic crisis and COVID 19 pandemic, including stimulus payments, rental assistance and an extension of unemployment insurance. Those efforts will go a long way toward stabilizing vulnerable communities. However, the relief package falls short in addressing the […]