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Community Reinvestment Association of North Carolina | | Post Office Box 1929 | | Durham, NC 27701 | | (919) 667-1557 tel | | (919) 667-1558 fax Home | | Faq | | Glossary of Terms | | Disclaimer/Linking Policy | | Site Map | | EMAIL Webmaster |
Relief in Sight for Abandoned Mobile Homes in North Carolina |
Community Reinvestment Association of North Carolina |
…promoting and protecting community wealth |
The Foreclosure Crisis The impact of subprime lending are now being felt in communities and households across the country. Read CRA-NC's paper, "Empty Houses, Broken Dreams" documenting the impact of foreclosures in Durham. See the story in the New & Observer and an interview with Peter Skillern. CRA-NC's Peter Skillern facilitates a roundtable on solutions, group hosts a workshop for borrowers in crisis. EITC North Carolina passes a refundable earned income tax credit for workers. But more can be done. At least fifteen percent of those eligible for the EITC fail to claim it, according to reports. |
Bank News July 30th, 2008 The Failure at IndyMac One unexpected outcome from the FDIC take over at IndyMac: the FDIC inherits a large servicing portfolio. July 31st, 2008 Access to Credit Mortgage applications drop 14 percent; over 70 percent of originations are for fixed rates; new Final Rules for HOEPA. July 28th, 2008 A Credit Card Bill of Rights New legislation in the House aims to say what constitutes "fair" for credit card users. The bill eliminates universal default and require notice of rate increases. |
Manufactured Housing Policy Reform See a slideshow that explains how CRA-NC is rehabilitating the state's first non-profit owned land-lease park. Legislative Activity Both of the bills that CRA-NC worked on passed in the NCGA. The first, H1134, will provide funding and legal authority for counties to remove their abandoned mobile homes. The second, H1700, passed within the Appropriations Act. It will provide financial incentives that encourage park owners to sell to resident-owned and/or non-profit owned groups. |
NUESTRO BARRIO UNC-Chapel Hill The Center for Urban and Regional Studies at UNC-Chapel Hill trumpets the ability of Nuestro Barrio to deliver entertaining financial education to Latino immigrants. |
The Independent Paradise Lost: The Triangle's leading weekly focuses on the plight of residents at Homestead Village Mobile Home Park in Raleigh. Bob Geary examines some solutions that could prevent mass evictions in our land-lease communities. ALERT: Rezoning Dropped, Homes Saved! Ban on 'Instant Refund Loans Sought Tax preparers charge low-income filers too much, groups in Durham, Philly say The News & Observer, Durham NC - April 9, 2008 read article |
PRESS ROOM |
H1134, the bill to help counties remove their abandoned mobile homes, was signed into law by Governor Easley last week. Counties can draw funds beginning in July 2009. The future will soon include fewer rotting homes, like this one in Scotland County, thanks to this bill. |
