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
Calendar
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
2023-03-06 Protestors Call on Merced DA to Prosecute Cruelty at Foster Farms, Not Animal Rescuers Front Page | Police State & Prisons | Central Valley | California | Animal Liberation2023-03-02 California Legislation Under Consideration to Establish a Windfall Profits Cap for Oil Refiners Front Page | Environment & Forest Defense | Global Justice & Anti-Capitalism | East Bay | California | Government & Elections2023-02-21 Bay Area Stands Up for Tyre Nichols After Video of Viscous Murder Released Front Page | Police State & Prisons | Racial Justice | San Francisco | East Bay | Peninsula | U.S.2023-02-17 As Sole Owner, Elon Musk Bends Twitter Toward His Own Personal Ends Front Page | Labor & Workers | Global Justice & Anti-Capitalism | LGBTI / Queer | Media Activism & Independent Media | San Francisco | East Bay | U.S.2023-01-21 Annual SF Counter-Protest of Anti-Abortion March Comes Amid New Post-Roe Reality Front Page | Health, Housing & Public Services | Womyn | San Francisco | South Bay | East Bay | North Bay / Marin | U.S. | Government & Elections2022-12-22 Bountiful Mink "Liberation Season" Hits Ohio and Michigan, Leading to Closure of Massive Farm Front Page | U.S. | Animal Liberation2022-12-14 KPFA Facing Layoffs, Massive Budget Shortfall After US Marshals Seize $305,000 of Reserves Front Page | Police State & Prisons | Media Activism & Independent Media | East Bay | U.S.2022-11-24 Largest Walkout in the History of US Higher Education Demands Fair Contract Front Page | Labor & Workers | Education & Student Activism | Central Valley | East Bay | California2022-11-13 Elected Leaders and Weapons Makers Urged to Deescalate Risk of Apocalypse Front Page | Anti-War | Central Valley | San Francisco | East Bay | Peninsula2022-11-06 UN Condemns US Economic Embargo on Cuba, Ongoing Since 1959 Anti-War | San Francisco | International | Americas2022-10-10 Beloved Community Activist Tony Coleman Passes Away Police State & Prisons | Racial Justice | Health, Housing & Public Services | Education & Student Activism | San Francisco | East Bay
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

$70.00 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