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Archive for September, 2012

National Fair Housing Alliance Reports “Banks Are Not Maintaining or Marketing REOs”

A report by the National Fair Housing Alliance (NFHA) offers disturbing evidence that the same banks that sold unsustainable loans to communities of color and triggered the current foreclosure crisis are now exacerbating damage to those communities by not maintaining and marketing REOs.

For more information on the full report, “The Banks Are Back–Our Neighborhoods Are Not,” please visit the link below.

UPDATE: The City of San Diego Passes the Responsible Banking Ordinance!!!

By a unanimous vote of 8-0, the San Diego City Council passed the Responsible Banking Ordinance designed to hold financial institutions accountable to San Diego specific community reinvestment activities.

The San Diego Reinvestment Task Force would like to extend a warm thank you to all of the advocacy groups, partners and interested stakeholders who participated in this effort!

“S.D. Puts Heat on Banks for Foreclosures”

Read all about the passage of both the Abandoned Property Ordinance and the Responsible Banking Ordinance in the below article recently published in the San Diego Union Tribune.

SAVE THE DATE: Responsible Banking Ordinance City Council Hearing September 18, 2012 at 6:00 PM

The San Diego Reinvestment Task Force (RTF) invites you to attend the San Diego City Council Meeting of Tuesday, September 18, 2012 at 6:00 PM in order to voice your comments surrounding the Responsible Banking Ordinance which will be an action item listed on the meeting agenda.The Responsible Banking Ordinance is an issue of great importance to the San Diego region. Community involvement and advocacy efforts are critical components to the success of this initiative.

Your comments are an invaluable contribution to our efforts.

Please join us in support of this initiative!

RBO Ordinance
RBO Strikeout Ordinance
Community Reinvestment Review Committee Ordinance
Community Reinvestment Review Committee Strikeout