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Our mission is to eliminate persistent poverty by helping to transform low-income neighborhoods into vibrant, healthy communities. |
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Oakland Foreclosure Crisis Oakland faces a severe and worsening foreclosure crisis. According to a report issued by Association of Community Organizations for Reform Now (ACORN), 3,021 of the high-cost loans made in 2006 in the Oakland area are likely to go into foreclosure. The costs to all of the stakeholders involved including homeowners, the City of Oakland, neighborhoods and lenders will be more than $875 million. The crisis is disproportionately affecting Oakland’s flatlands neighborhoods and residents. Maps produced by the Council indicate that defaults, trustee sales and bank-owned properties are all highly concentrated in City Council Districts 3, 6 and 7. The council is collaborating with a range of partners to construct a comprehensive response to the multi-faceted foreclosure crisis, which will include:
Our particular role includes the following components:
For more information we have the following resources available online:
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