Groups Demand that $369 Million Improperly Taken from Attorney General Bank Settlement be Returned to Homeowners Facing Foreclosure
At 9:30 a.m. on March 14th, major Black, Latino and Asian American organizations filed a Petition in Sacramento Superior Court demanding that Governor Brown return up to $350 million out of California’s share of the 2012 National Mortgage Settlement that was secured by California Attorney General Kamala Harris, so that it can be used as intended – to aid the state’s millions of homeowners in distress via direct relief and through grants to the organizations that support them.
The full text of the petition for writ of mandamus can be viewed here.
Letters of support have been sent to the Governor by HomeFree-USA, the largest minority-led, HUD-approved home counseling intermediary in the nation, with affiliates in California, including the NAAC; and Operation HOPE, a national organization headed by John Bryant that also offers HUD-approved home counseling, and whose Chairman is leading civil rights figure and former U.S. Ambassador to the United Nations, Andrew Young. Both organizations state that they are available to meet with the Governor and the Petitioners to resolve the lawsuit.
The lawsuit has been covered by Gretchen Morgenson at the New York Times.
We estimate the cost to be $250,000 to serve a town of 32,000 and a continuing student body of 2,150 In addition the library will be open not just for the school, but for any resident for the entire Province of Antique (with an estimated population of 546,000)We intend to completely rebuild the schools so that they will be impregnable to typhoons and most other natural disasters. We also intend to rebuild it as a modern school with appropriate sewage system, safe water, upgraded lighting and 21st century technology. They will also be built to be a safe center in the case of future emergencies. The library will be run by a retired financial expert librarian who is presently living in Pandan and will be stocked through contacts with various non-profits and libraries who will help us develop a library plan that will assist the low income children of this school in moving on to colleges and good jobs subsequently. This will include financial and consumer education as part of the library school complex.
Typhoon Haiyan, the strongest typhoon on record in Philippines has devastated the central island provinces. Antique, among the provinces in the direct path of the typhoon will be the beneficiary of a fundraising campaign by the NAAC and Pandan Bay Foundation.
Over 12,000 families lost their homes in Antique. These families need food and building materials. The province of Antique is still experiencing power outages after Super Typhoon Haiyan devastated parts of the Visayas last week. Officials state the entire province is still without power as of Monday. Of the over 50,000 people that were affected, the majority of them are state government evacuation centers. The Antique provincial government estimate the damage to government facilities and over P50 million. (Source: GMA News – http://www.gmanetwork.com/news/story/334921/news/regions/antique-province-still-without-power-over-50k-people-affected)
See below photos taken by local residents of Pandan, Antique:
We are reaching out to our network to provide aid in this time of need. All proceeds will benefit the province of Antique, Philiippines.