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Description: It is no longer a strange sight to see boarded up homes as foreclosures continue to increase. For some, it is a question of morality: Do we let these vacant homes remain empty while so many people continue to face the difficulties of life on the streets? This article provides insight into innovative ways to help stabilize the lives of those in need. (HRC)
Content: Homeless service providers face a gross disparity between the supply of affordable housing and the demand among the people they serve. This gap grows every day. The current economic state, not just in America, but throughout the world, has many people on the verge of losing their homes, their jobs and their livelihoods. To quote Harry S. Truman, "It is a recession when your neighbor loses his job; it is a depression when you lose your own."

USA TODAY published this article on Dec. 10, 2008 about what one homeless service provider is doing to assist families who are in need of housing.

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Type of Resource: Newspaper
Publication Date: 2008
Journal Name: USA Today
Issue: Dec. 10, 2008
Brendan Novita from Miami
August 06, 2010
7:03 PM
 
It is not surprising that homeless are using foreclosed homes. With the foreclosure crisis going strong with no end in site, the lenders need to either allow more loan modifications taking into account the decrease in home values, or let the delinquent borrowers stay in the homes instead of leaving them vacant.

Foreclosures are at an all time high with $1 trillion dollars in ARM loans set to adjust over the next 2 to 3 years. This will definitely increase the number of foreclosures.

Maybe, as part of their huge bailout, the lenders should have been forced to convert a certain number of foreclosed properties into housing for the homeless.
Diana Greenberg from atlanta
February 11, 2010
4:08 PM
 
I am a rental townhome owner in Atlanta Georgia our townhome has been losing money for 9+ years. Recently I checked myself into rehab and truly feel that AA has saved my life. I would like to give back to the community -- are there existing organizations that take temporary rental home donations?

Thanks,
Diana Greenberg
404-421-3021


   
 
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