USA, 250,000 empty public properties should be used to address the housing crisis / Inhabitants of Americas / News / Home - International Alliance of Inhabitants
Now, the FHFA, the Treasury and HUD are looking to get rid of yet another huge supply of viable homes and quickly. The proposal: large bulk sales of the foreclosed homes they have collected throughout to foreclosure crisis to “market participants” with the “financial capacity” to buy in bulk and ensure the properties’ “productive use.”
...We believe that the nearly 250,000 properties currently in the hands of the U.S. government should be used as part of the solution to the massive human right to housing crisis. In particular, we call upon the FHFA, the Treasury and HUD to challenge the conditions that lead to homelessness, serial displacement, and extreme rent burdens, and to protect the right to housing, by issuing an entirely new RFI that ensures policies and practices meet the following principles:
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So now there is a global association representing "inhabitants," and opposing the bank-centered housing policies.
1 comment:
I never understood why the Feds and the banks couldn't be more open to a "trade down" type of arrangement.
Instead of foreclosing and trying to destroy eligibility for financing housing by ruining credit scores, why can't homeowners be offered the opportunity to purchase a lower priced home out of the huge inventory? Are there problems? Sure. But instead of two unmarketable homes and two homeless former owners, perhaps you have only one unmarketable home and one homeless owner. Seems silly to "punish" homeowners when you need them to be buying the homes.
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