top
East Bay
East Bay
Indybay
Indybay
Indybay
Regions
Indybay Regions North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area California United States International Americas Haiti Iraq Palestine Afghanistan
Topics
Newswire
Features
From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
Tue Jan 7 2014 (Updated 01/11/14)
Richmond Battles "Banksters" to Save Homeowners from Foreclosure
Banks and Realtors Seek to Block Implementation of Eminent Domain for Underwater Mortgages
The City of Richmond, California voted to continue its groundbreaking effort to save resident homeowners from foreclosure on December 17, 2013. The Richmond City Council voted 4 to 2 in favor of moving forward with its plan to use its right of eminent domain to protect homeowners and to "prioritize those neighborhoods that have been particularly hard hit by the housing crisis." More than half of homeowner mortgages in Richmond are said to be underwater.

Opponents of the plan seek to block its implementation by relying on the city's charter, which requires a super-majority to invoke eminent domain. The Council is currently divided, with four members supporting Mayor Gayle McLaughlin's plan and three opposing, which is short of a super-majority. Banks and realtors oppose the concept, saying it is unconstitutional and would drive up lending costs in the city.

Before the December 17 Council meeting began, approximately seventy-five supporters of Richmond's initiative rallied in front of Richmond City Hall. Later, at the City Council meeting, a majority of approximately forty speakers spoke in favor of moving forward.

photo Read More
2024-12-24 A Shifting Landscape for Autonomous Anti-Capitalist Media Global Justice & Anti-Capitalism | Media Activism & Independent Media | U.S.2024-12-23 Daniel Andreas San Diego Wanted for Questioning in Bay Area Bombings Police State & Prisons | East Bay | U.S. | International | Animal Liberation2024-06-11 If Passed, Measure J Will Ban "Concentrated Animal Feeding Operations" Front Page | North Bay / Marin | Government & Elections | Animal Liberation2024-06-11 Activists Stand in Solidarity with Horses Who Lost Their Lives at Race Track Front Page | East Bay | Animal Liberation2024-06-11 Two Years After Shireen Abu Akleh Was Killed, There Still Is No Justice Front Page | Anti-War | Media Activism & Independent Media | San Francisco | International | Palestine2024-06-11 Crisis Team Provides Students with Non-Police Response to Mental Health Crises Front Page | Police State & Prisons | Health, Housing & Public Services | Education & Student Activism | California | Santa Cruz Indymedia2024-06-11 Only a Couple of Thousand Adult Leatherback Turtles Remain in the Pacific Ocean Front Page | Environment & Forest Defense | San Francisco | Peninsula | North Bay / Marin | North Coast | California | Animal Liberation | Santa Cruz Indymedia2024-05-25 Demonstrators Denounce Tech Giant's Contracts with Israeli Military Front Page | Anti-War | Peninsula | U.S. | International | Palestine2024-05-13 Actions Call on Biden to Declare a Climate Emergency and End Fossil Fuels Environment & Forest Defense | Global Justice & Anti-Capitalism | Education & Student Activism | San Francisco | Peninsula | California | U.S. | Palestine2024-05-08 Resistance to Deceptive Forest Service Measure Is Growing Environment & Forest Defense | Central Valley | California | U.S.2024-05-08 Regulators Fail to Protect Schoolchildren from Repeated Exposure to Dangerous Pesticides Environment & Forest Defense | Racial Justice | Health, Housing & Public Services | Labor & Workers | Education & Student Activism | Santa Cruz Indymedia
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

$205.00 donated
in the past month

Get Involved

If you'd like to help with maintaining or developing the website, contact us.

Publish

Publish your stories and upcoming events on Indybay.

IMC Network