1:03 PM
Julio Barreto
Lost in the furor of the current economic climate is rental housing. Elected officials have marshaled billions of dollars to assist homeowners, banks, other financial service institutions and are now considering assistance to the auto industry. While all this money is being printed and tossed around, low and moderate income households are the forgotten victims of this housing crisis.Using its own research and a review of state and local studies and news stories, the National Low Income Housing Coalition (NLIHC) reached the following conclusion about the current foreclosure crisis:• Multi-unit buildings are a significant share of the foreclosures in some areas potentially displacing many households at once;• A majority of the displaced by foreclosure are renters who find themselves in...
