Foreclosure: The Crisis That Hits Home . 2009 Washington State Access to Justice Conference Justice: Hope and Help in Hard Times j ohn a. powell
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
2009 Washington State
Access to Justice Conference
Justice: Hope and Help in Hard Times
john a. powell
Executive Director, The Kirwan Institute for the Study of Race & Ethnicity and Williams Chair in Civil Rights & Civil Liberties, Moritz College of Law
United for a Fair Economy, “Foreclosed: State of the Dream 2008”
African American homeownership gains were reversed after 2004; they have reverted to 2000 levels.
Austin, Algernon. “Reversal of Fortune.” EPI Briefing Paper #220 18 Sept. 2008.
Capital Market ‘Credit crunch’ 2004; they have reverted to 2000 levels.
Banks, police and courts saddled with foreclosures
Families lose their homes, wealth and safety
SUBPRIME LENDING: We didn’t care about the canary...
Affected neighborhoods are being reduced to ‘ghost towns’
Reduced spending and retail flight
Since the recession began in December 2007:
Bureau of Labor Statistics & http://www.msnbc.msn.com/id/29843053 & Marlow, Ron, and Andrew Sum. “A Job Crisis for Young Black Men.” The Boston Globe 22 Apr 2009.
Austin, Algernon. “What a Recession Means for Black America.” EPI Issue Brief # 241. 18 Jan. 2008.