By: Janis Bowdler, Director, Wealth-Building Policy Project
In honor of National Homeownership Month, the National Council of La Raza (NCLR) issued a joint call to action with our partners―NAACP, National Coalition for Asian Pacific American Community Development, National People’s Action, National Urban League, The Opportunity Agenda, and PICO―asking Secretary of the Treasury Timothy Geithner to use his leadership to address the housing crisis. With approximately one...
Ms. Suarez is a single mom who has a toddler and two ten-year-old twins, one boy and one girl. They live in southeastern Texas and have lost their home because of a medical emergency. Bureaucracy at the bank was a major point of frustration for Ms. Suarez:
[The bank] didn't check the paperwork I submitted when I requested people to help me keep the home, because they were supposed to send me some papers―papers I have never received. I didn't even receive a letter in the mail on their behalf telling me that the house would be foreclosed. Two weeks before they took away my home, I talked to them and they told...