Economy & Jobs

Report: Mortgage Fix Needed to End Minneapolis and Minnesota Foreclosure Crisis

July 12, 2012

Principal reduction would benefit economy, cities, and lenders themselves

Minneapolis — A coalition of community organizations, faith groups and Occupy Homes MN today released a report arguing that homeowners, the local tax base, the economy and banks themselves would all benefit if lenders reduced the principal on underwater mortgages and did more to help borrowers avoid unnecessary foreclosures.

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Prophetic Voices Action: Clergy Press Conference – 5/7/12

An interfaith group of clergy put their prophetic ministry into action by speaking out on how the practices of Wall Street and major banks have violated our shared values by hurting the vulnerable, undermining our democracy, and exacerbating inequality at a May 7th press conference.  The press conference was organized by ISAIAH and Jewish Community Action and held outside US Bank headquarters in downtown Minneapolis.

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Central Corridor Light Rail Report Highlights Community’s Concerns – 1/5/2012

January 5, 2012

LIGHT RAIL BRINGS HOPE AND CHALLENGES TO LOW-INCOME PEOPLE AND COMMUNITIES OF COLOR:  New Study Finds Rail Line Leaves Many St. Paul Communities Vulnerable on Housing, Jobs, and Development

A new report released today by PolicyLink, ISAIAH and TakeAction Minnesota takes a deep look at the benefits and challenges that low-income communities and communities of color face when light rail comes to their communities and ties these benefits and challenges to people’s health.

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Healthy Corridor for All – Health Impact Assessment Report

A COMMUNITY HEALTH IMPACT ASSESSMENT OF TRANSIT­‐ORIENTED DEVELOPMENT POLICY IN SAINT PAUL, MINNESOTA

The Twin Cities region is planning at least four transit corridors, the first of which is the Central Corridor Light Rail Transit Line (CCLRT) that is currently under construction. The CCLRT is an 11-mile transit corridor along University Avenue connecting downtown Minneapolis with downtown Saint Paul. The CCLRT is a $1 billion transit investment estimated to spur as much as $6.78 billion in public and private investment in local development over the next 20 years.

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Holding Banks Responsible for St. Paul’s Housing Crisis – 12/1/11

COUNCIL MEMBERS PRESS BANKS TO TAKE RESPONSIBILITY FOR MITIGATING
ST. PAUL’S HOUSING CRISIS: 
Religious and Community Leaders Stand with City in Support of Responsible Banking

ST. PAUL, MN, December 1, 2011 – Members of the St. Paul City Council recently sent a letter to four major banks urging them to use their power and take responsibility to mitigate the impact of the housing crisis that is negatively affecting the well-being of families, neighborhoods, and the entire City.  The letter was sent to US Bancorp, Wells Fargo, Bank of America and JP Morgan Chase Bank.

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