News Briefings

New Threats to Home Ownership Target Communities of Color

By ACoM

Briefings

News Briefings

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Hanging on to the Family Home Will be Tougher Than Ever

Was Live Thu, Nov 2, 2023

Guest Speakers:

  • Joe Jaramillo, Senior Attorney, Housing & Economic Rights Advocates (HERA)
  • Rebecca Franklin, President, California Housing Finance Agency (CalHFA)
  • Johanna Torres, Program Coordinator, California Rural Legal Assistance (CRLA)
  • Saul de la Cruz, CRLA client
  • Mary Day, Staff Attorney, HERA
  • Danny Bishop, HERA client

Event Overview

The California Mortgage Relief program, launched Dec. 2021 and expanded in early 2023, has provided millions of dollars in aid to thousands of financially struggling homeowners, many of whom are of color. When the funds run out, however, more homeowners will be at risk of foreclosure than ever as they struggle with keeping the family home after a parent or grandparent passes away, zombie mortgage, and predatory clean energy PACE financing.

In this week’s briefing, housing rights attorneys and mortgage experts will explain these threats and what homeowners can do to hang on, while homeowners facing these threats will share their stories of how they’re struggling to keep their family homes.

Presented by American Community Media