PRESS RELEASE: Press Conference Outside Room 126 in the State Capitol at Noon This Tuesday, April 17th, California Homeowner Bill of Rights

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PRESS RELEASE

For immediate release
April 16th, 2012

MEDIA CONTACT

Rhea Aguinaldo: (858) 449-6701 / raguinaldo@naacoalition.org
Idelle Delapena: (858) 888-0983 / idelapena@naacoalition.org
Faith Bautista: (619) 252-1898 / fbautista@naacoalition.org

Press Conference Outside Room 126 in the State Capitol at Noon
This Tuesday, April 17th

 

Homeowners Rally In Sacramento To Support California Homeowner Bill Of Rights
And Question Governor’s Commitment

 

State Capitol, Room 126
Sacramento, California 94248

 

San Bruno, Calif — Tomorrow at high noon, two dozen homeowners facing foreclosure will hold a press conference outside Assembly Room 126 to demonstrate their strong support for the California Homeowner Bill of Rights.  The authors of the Assembly and Senate bills as well as the Attorney General and the Speaker, are invited to speak at this homeowner press conference and rally. (The Homeowner Bill of Rights bills include: AB 1602/SB 1470, AB 2425/SB 1471, AB 2314/SB 1472, AB 2610/SB 1473, AB 1950 and AB 1763/SB 1474.)

 

Immediately after the press conference, the homeowners will march to Governor Brown’s office and deliver a petition requesting that he immediately announce his support for one of the strongest Homeowner Bill of Rights in the nation. The homeowners are primarily from Sacramento and the Bay Area. They are represented by the statewide National Asian American Coalition (NAAC), which has been a state and national leader in advocating for homeowners in distress since 2007. Many will be testifying at the hearings before the legislature. (A number of the bills will be heard that day in rooms 126, 4202 and 4203 before the Assembly Public Safety and Judiciary committees, as well as the Senate Public Safety, Judiciary and Transportation and Housing committees.)

 

The NAAC was the first nonprofit to hold a demonstration against Countrywide’s predatory lending in November of 2007 and was the first group to meet with then-Attorney General Jerry Brown to urge him to take action against Countrywide and other predatory lenders.

 

The NAAC will also be urging Governor Brown to order his California Housing Finance Agency (CalHFA) to release its $1.75 billion in unspent Hardest Hit Funds to help hundreds of thousands of homeowners in distress. (Funds received from Treasury by CalHFA seventeen months ago — September 2010.)

 

Invitees to the press conference include: Attorney General Kamala Harris, Speaker John Perez, Senate President Darrell Steinberg, Assemblymembers Carter, Davis, Eng, Feuer, Mitchell and Skinner, and Senators Desaulnier, Hancock, Leno, Pavley and Vargas.

 

Faith Bautista, the President and CEO of the NAAC stated, “California is at an immense disadvantage in helping homeowners in distress since we have no right to judicial review. As a result, the California Homeowner Bill of Rights is especially important. Today, we will also call upon Governor Brown to make the California Homeowner Bill of Rights one of his Top Three priorities for the year. We will also urge him to compel CalHFA to release its $1.75 billion in unspent Hardest Hit Funds for programs that can immediately help homeowners in distress.”

 

Background

 

The National Asian American Coalition has helped almost 6,000 homeowners in distress in more than twenty major counties in California. This includes San Diego, Los Angeles, Orange County, Inland Empire, the San Joaquin Valley, Sacramento and the Bay Area. It is headquartered in San Bruno (San Mateo), has a housing office in San Diego, as well as a DC-based bank regulatory office.

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