CFPB and DOJ Sue Predatory Mortgage Lender for Reverse Redlining, Exploiting Consumers With Limited English Proficiency
DOJ and CFPB jointly sue Colony Ridge for operating an illegal land sales scheme that targeted low-income Hispanic consumers.
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Testimony Supporting Massachusetts Bills H.3314 & S.2227: An Act to End Debt-Based Driving Restrictions and Remove Economic Roadblocks
In this testimony, we write in support of Massachusetts bills H.3314 and S.2227, “An Act to End Debt-Based Driving Restrictions and Remove Economic Roadblocks," and we urge the Massachusetts Joint Committee on Transportation to vote them favorably out of committee. The testimony highlights the harms that debt-based license suspensions cause to low-income people, and particularly to low-income people of color.
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Preventing Tax Foreclosures for Older Adults: Accessing Tax Relief Options
This National Center on Law & Elder Rights training will focus on one of the most important ways to prevent tax foreclosure: ensuring that low-income and older homeowners have access to all available exemptions and discounts. Many older adults who are at risk of tax foreclosure have not taken advantage of all the existing tax…
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Report Examines Severe Consequences of Property Tax Liens and Foreclosures for Owners of Inherited Homes
States Can Take Steps to Prevent Property Tax Foreclosures and Preserve Homeownership and Transfer of Intergenerational Wealth BOSTON – A new report from the National Consumer Law Center (NCLC) looks at the unique issues heirs face when inheriting a home with an overdue property tax bill and the disproportionate impact on Black and Latino wealth…
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Heirs Should Not Be Subject to Florida's Homestead Tax Exemption Penalty
Homeowners who fall behind on their property taxes risk the swift loss of their homes through tax foreclosures if they cannot pay off the back taxes owed, plus any interest, fees, costs and penalties thathave accrued. The accumulated amounts needed to resolve the tax debt can be overwhelming and resultultimately in the loss of their…
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Policy Change to Prevent Property Tax Foreclosures: Reducing Tax Burdens, Promoting Racial Equity, and Protecting Older Adults
Many states will be re-writing their property tax foreclosure laws in the wake of the Supreme Court’s decision in Tyler v. Hennepin County. This opens up a window of opportunity to broadly improve property tax systems. One of the most important ways to prevent tax foreclosure is to ensure that low-income and older homeowners have access…
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Property Tax Foreclosures on Heirs Property: The Devastating Consequences and Recommendations for Prevention
While millions of homeowners fell behind on mortgage payments and were at risk of losing their homes to mortgage foreclosures during the COVID-19 pandemic, many others were facing another foreclosure crisis- the loss of their homes due to property tax lien foreclosures. This strict and often rapid tax lien foreclosure process has created a lesser…
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Los Angeles Times: Why all Latino wealth is not equal
Originally appearing in Los Angeles Times/ De Los on July 19, 2023, Alejandra Molina looks at a new Brookings Metro report that examines the underlying causes of the wealth gap between Latino and white families and cites John Van Alst‘s report: Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using…
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Letter to Congress Opposing Prohibition on Funding to Implement Program on Affirmatively Furthering Fair Housing
This letter urges Senate and House Appropriations Committee leaders to remove language from appropriations bills that would prohibit the use of funds for implementation of HUD’s Affirmatively Furthering Fair Housing program. Communities that receive HUD funding have long-standing obligations to affirmatively further fair housing for people of color, people with disabilities, women, and other groups…
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ProPublica: Senators Call for Further Oversight, Consumer Protections in Contract for Deed Real Estate Transactions
Appearing in ProPublica on July 12, 2023, Jessica Lussenhop quotes Sarah Bolling Mancini in coverage of a U.S. Senate subcommittee hearing on alternative home financing deals that leave unwitting buyers financially devastated and unscrupulous sellers free to resell the properties. These financial products are a “costly and harmful detour from homeownership….NCLC estimates that the failure…
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Testimony of Sarah B. Mancini on Alternative Home Financing Before the Senate Banking Subcommittee on Housing, Transportation, and Community Development
Alternative home financing transactions like land contracts and leases with option to buy have garnered much attention. NCLC’s research has led us to conclude that these alternative transactions do not provide a meaningful pathway to homeownership. Rather, land contracts and leases with option to buy are both costly and destructive detours that diminish the likelihood…
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Coalition Comments to FHFA on Equitable Housing Finance, Language Access, and Fair Lending Oversight
Comments have been submitted on behalf of civil rights and consumer advocacy organizations in support of the Federal Housing Finance Agency's notice of proposed rulemaking on Equitable Housing Finance and Fair Lending Supervision.
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