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
2024-04-09 Deal Described as One of the Most Significant Urban Land Back Victories in US History Front Page | Environment & Forest Defense | Racial Justice | East Bay2024-03-20 Victory! EFF Helps Indybay Resist San Francisco Police Warrant and Gag Order Front Page | Police State & Prisons | Media Activism & Independent Media | San Francisco2024-02-09 Catholic Anti-Choice Marchers Get an Earful from Abortion Rights Activists in San Francisco Front Page | Health, Housing & Public Services | Womyn | San Francisco | South Bay | U.S.2024-01-10 Wall of Shipping Containers Intended to Keep the Public Out of People's Park Front Page | Police State & Prisons | Environment & Forest Defense | Global Justice & Anti-Capitalism | East Bay | California2023-12-08 Largest Ever Pro-Palestine Marches in NorCal Demand End to US Aid for Israel's War on Gaza Front Page | Anti-War | Central Valley | San Francisco | South Bay | Peninsula | U.S. | International | Palestine | Santa Cruz Indymedia2023-10-31 Three Activists Detained at Climate Protest for Crossing Beale Air Force Base Gate Front Page | Environment & Forest Defense | Anti-War | Central Valley | California | U.S.2023-09-29 California Climate Justice Actions in Coordination with Massive New York City March Front Page | Environment & Forest Defense | Central Valley | California2023-08-19 Environmentalists Speak Out Against Airport Expansion as Climate Disasters Accelerate Environment & Forest Defense | East Bay2023-08-12 Starbucks Bus Tour Stops in San Francisco, Rallies with Allies to Support Unionization Labor & Workers | San Francisco | Peninsula | California | U.S.2023-07-19 Halt to Fossil Fuel Funding Demanded as Wells Fargo Operations Shut Down Environment & Forest Defense | Global Justice & Anti-Capitalism | San Francisco | U.S.2023-07-13 Demonstrations Wrack France, Boiling Over After Police Murder of Youth Police State & Prisons | Health, Housing & Public Services | Global Justice & Anti-Capitalism | LGBTI / Queer | International | Government & Elections | Immigrant Rights
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

$255.00 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