Housing Campaign

Richmond residents have been hit hard by the foreclosure crisis. With nearly 2000 foreclosed homes owned by banks and more likely to come, heighborhoods are being torn apart.

This crisis illustrates the need for accountability from financial institutions the need for more effective policies at all levels of government that will stabilize communities by keeping families in their homes, revitalizing neighborhoods, and promoting affordable housing for Richmond residents.

REDI's Housing Campaign builds off of our existing housing work that has focused on quality, long-term affordable housing, tenant protections and the development of a community land trust. That work has even greater urgency now.

REDI has developed a comprehnsive housing platform to address these issues and the host of problems stemming from the foreclosure crisis, including:

• The need for loan modification programs
• The need to hold banks accountable for the blight they create by failing to maintain their foreclosed properties
• The opportunity to acquire foreclosed properties, training residents to green rehabilitate them and include them in a community land trust, guarenteeing access to homeownership and long-term affordability
• The need for a city-based revolving home loan fund for victims of predatory lending