Urge Governor to Return $331 Million to Homeowners

Return $331 Million in Misappropriated Funds to Help 800,000 California Homeowners in Distress

>>SIGN PETITION>>

 

In 2012, California Attorney General Kamala Harris negotiated a settlement with many of the banks to help homeowners struggling as a result of the financial crisis. $350 million was supposed to go to assistance programs for California homeowners.

In 2013, Facing a huge deficit, Governor Brown took the money to balance the budget. Now that the state is projected to see major surpluses, we want the money to be used for its original intended purpose.

On June 12th 2015, the California Superior Court ordered the Governor to return $331 million he illegally took from a homeowner and renter fund. The fund could help millions of homeowners, future homeowners and present renters. However, the state legislators still need to work with the Governor to pass legislation to re-appropriate the money.

Help us by showing the state legislators you want this done. Many legislators are already supporting the return of the money.

More about the issue:

NY Times
http://www.nytimes.com/2015/06/16/business/california-has-to-repay-331-million-to-homeowners-fund-court-rules.html

SF Chronicle
http://www.sfgate.com/news/article/Judge-Brown-and-Legislature-illegally-raided-6329098.php

>>SIGN PETITION>>

California Court Rules That Governor Brown Unlawfully Diverted $331 Million from National Homeowner Special Deposit Fund by BofA, Wells Fargo and Other Major Banks

Court Ruling: click here

Press Release: click here

New York Times Article: click here

Press Release California Court Rules That Governor Brown Unlawfully Diverted $331 Million

 

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.

Black, Latino Church Leaders and Asian American Home Counseling Group Sue Governor Brown

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.

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