NEW MINORITY HOMEOWNERSHIP PUSH

WASHINGTON - To mark June as Homeownership month, seven national civil rights and advocacy organizations have come together to call on U.S. Department of Treasury Secretary Tim Geithner and leaders in Congress to take action to stem the housing crisis.

The groups include NCLR (National Council of La Raza), NAACP, National Coalition for Asian Pacific American Community Development (National CAPACD), National People’s Action, National Urban League, The Opportunity Agenda, and PICO National Network.  Their statement read:

In honor of Homeownership Month, we urge Secretary Geithner to put our nation’s housing crisis back on the national agenda. The nation’s economic recovery relies heavily on stabilizing the housing market. We will not achieve this goal so long as families continue to experience wrongful foreclosures and sustainable homeownership opportunities are cut off for the next generation. As the Department of Treasury and other federal bank regulators consider policies that will shape the future home-lending market, they must prioritize solutions to foreclosure, end discrimination, invest in affordable housing, and protect the American Dream of homeownership.”