LEGISLATORS, FAITH LEADERS AND MINNESOTA HOMEOWNERS TO RELEASE REPORT HIGHLIGHTING ECONOMIC IMPACT OF FORECLOSURES

A statewide problem has statewide costs—economically and spiritually 

ST. PAUL — At noon today Minnesota State Senator Patricia Torres Ray (DFL-Minneapolis) and State Representative John Lesch (DFL-St. Paul) will be joined by leaders of various faiths and Minnesota homeowners to release a new report highlighting the statewide economic impact of the foreclosure crisis in a press conference on the south steps of the State Capitol.

Several hundred Minnesotans are expected to join in the event as well.

The report is being produced by ISAIAH, Jewish Community Action, the Northside Community Reinvestment Coalition, MN Neighborhoods Organizing for Change (NOC) and Minnesotans for a Fair Economy.

The legislators will also brief the press on the status of the “Homeowners’ Bill of Rights,” comprehensive foreclosure legislation currently being considered by the Legislature.

WHAT:  

State legislators, faith leaders and Minnesotans affected by the ongoing statewide foreclosure crisis will release a report regarding the economic impact of the crisis for all Minnesotans. Legislators will provide an update on the “Homeowners’ Bill of Rights,” comprehensive legislation being considered at the Capitol.

WHEN: 

TODAY, February 26, 2013, 12:00 p.m.

WHERE:

South Steps, Minnesota State Capitol, 75 Rev. Dr. Martin Luther King Jr. Blvd., St. Paul 

WHO: 

State Senator Patricia Torres Ray
State Representative John Lesch
Rose McGee, Golden Valley homeowner facing foreclosure through dual tracking
Pastor Chris Becker, Inver Grove Heights
Pastor Jin S. Kim, Columbia Heights
Rabbi Emma Kippley-Ogman, Mendota Heights
Sarah Larson, homeowner and small business owner, Waverly
Kim Martini, SEIU Local 26 member

WHY:

Since 2006, more than 150,000 Minnesota homeowners have lost their homes to foreclosure. In 2012, there were three times more foreclosures in Minnesota than in 2005, continuing to have a disastrous effect on Minnesota communities. These foreclosures can and should be avoided. While foreclosures present an economic crisis that affects all Minnesota neighborhoods, the crisis also has taken a spiritual toll on Minnesota families.

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