Foreclosures & Bailouts

  • We support a moratorium on housing foreclosures and on evictions of renters in foreclosed properties.

  • Lenders should be required to negotiate affordable mortgages for every homeowner caught in the trap of subprime or other inappropriate mortgages.

  • Foreclosed properties should be made availble for acquisition as affordable housing by non-profits or community development organizations.

  • We support direct aid to struggling individuals and families, but oppose Federal bailouts of corporations, financial institutions, and wealthy investors -- the parties who created the mortgage crisis.