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FOR IMMEDIATE RELEASE
Contact:
Joseph Rendeiro
(202) 776-1566
jrendeiro@nclr.org
SACRAMENTO, Calif.—Earlier today, the California legislature passed the California Foreclosure Reduction Act (AB 278 / SB 900), which will finally put an end to the unfair “dual track” process that has caused many borrowers to lose their homes. NCLR (National Council of La Raza) applauds the crucial work that its California Affiliates and a number of allies—including California Attorney General Kamala Harris, Sen. Ron Calderon (D–Montebello), East LA Community Corporation, TODEC Legal Center, Montebello Housing Development Corporation, Council for the Spanish Speaking in Stockton, Community HousingWorks of San Diego, and Neighborhood Housing Services of Orange County—have done to secure the passage of this bill.
“Today, hundreds of thousands of California homeowners can take heart, knowing that the state legislature is doing its part to ensure that families are given a fair chance to avoid foreclosure,” said Delia de la Vara, NCLR’s Vice President for the California Region. “This is an especially important victory for the Latino community, who represent almost half of all foreclosures in California, even though they make up less than a quarter of California homeowners. NCLR strongly urges Gov. Jerry Brown to sign this legislation into law, putting an end to dual tracking once and for all.”
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