SF Bay Area Indymedia indymedia
About Contact Subscribe Calendar Publish Print Donate

East Bay | Government & Elections | Health, Housing, and Public Services | Front Page

Tue Jan 7 2014 (Updated 01/11/14) Banks and Realtors Seek to Block Implementation of Eminent Domain for Underwater Mortgages
Richmond Battles Banksters to Save Homeowners from Foreclosure 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.

photoRead More

07/28/15 City of Oakland Declares Humanist Hall a Neighborhood Nuisance, Issues Huge Fines   Health, Housing, and Public Services | Global Justice and Anti-Capitalism | Government & Elections
07/27/15 Community Farm on International Blvd Destroyed, But Farmer's Promise Comeback   Police State and Prisons | Environment & Forest Defense | Health, Housing, and Public Services
07/27/15 Fresno Cop Watcher Found Guilty of Vandalism for Chalk Writing on Police Memorial   Police State and Prisons | Central Valley
07/26/15 Two New Arrests Brings Total to Four Arrested for Huge String of ALF Actions in 2013   Police State and Prisons | California | Animal Liberation
07/16/15 RPSC Community Arts Space to Close as Result of Continuing Wave of Oakland Gentrification   Health, Housing, and Public Services | Global Justice and Anti-Capitalism | Arts + Action
07/16/15 Forum Participants Engage in Collective Discussion and Organizing to Create Global Change   Global Justice and Anti-Capitalism | South Bay
07/16/15 SC11 Say Attempt to Turn Bank into Community Center Could Have "Rippling Impacts"   Global Justice and Anti-Capitalism | Santa Cruz Indymedia
07/16/15 Donations Sought for Family of 17-Year-Old Killed by Sheriff's Deputies   Police State and Prisons | Santa Cruz Indymedia
07/16/15 Solar Project Agreement Compensates for Loss of Golden Eagle Nesting and Foraging Habitat   Environment & Forest Defense | Santa Cruz Indymedia
07/14/15 Supporters of Richard "Pedie" Perez Reject DA's Determination that Killing Was Justified   Police State and Prisons | Racial Justice
07/13/15 Animal Rights Groups Videotape Injuries to Horses and Calves at Salinas Rodeo   Animal Liberation | Santa Cruz Indymedia