Kucinich Announces $14B Plan To Fight Foreclosure Crisis
POSTED: 4:09 pm EDT May 9, 2008
CLEVELAND -- The foreclosure crisis is threatening to destroy cities, but there is now some hope of getting some help locally to curb the problem.Boarded up, bank-owned homes are plaguing Cleveland neighborhoods. Values are down, crime is up and even the tax base for schools has taken a hit.In an effort to help relieve the crisis, Rep. Dennis Kucinich and state, county and local leaders announced a $14 billion plan to buy vacant homes.Kucinich, who had a key role in the plan, said it's one of the most important issues facing us.
"We're fighting to save our cities. We're fighting to save our neighborhoods. And this is a fight we can't lose," Kucinich said. The plan still needs to get through the Senate, and President George W. Bush is threatening a veto.
Kucinich gets amendment passed to help areas with rises in vacancies
http://www.wkyc.com/news/news_article.aspx?storyid=89109&provider=gnews| | Created: 5/8/2008 8:39:57 PM Updated:5/8/2008 8:40:26 PM |
Congressman Dennis Kucinich won a passage of an amendment that will target the federal response to the foreclosure crisis on the neighborhoods that have been hit hardest by increases in vacant and abandoned houses.
The amendment was offered to H.R. 5818, the Neighborhood Stabilization Act. It is a bill to establish a $15 billion aid package to states, cities and urban counties to deal with the rise of vacancies.
The Congressman's amendment was unanimously accepted by voice vote.
Kucinich's amendment improves the formula that states will use to allocate new federal funds, ensuring that neighborhoods with the highest rate of vacancies receive the most support.
The amendment was offered to H.R. 5818, the Neighborhood Stabilization Act. It is a bill to establish a $15 billion aid package to states, cities and urban counties to deal with the rise of vacancies.
The Congressman's amendment was unanimously accepted by voice vote.
Kucinich's amendment improves the formula that states will use to allocate new federal funds, ensuring that neighborhoods with the highest rate of vacancies receive the most support.
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