The president has put the brakes on an Obama-era plan to reduce barriers to getting FHA mortgages. That will hit communities of color, especially those in New York, hard.
While the foreclosure crisis has largely receded from today’s headlines, its impacts continue to reverberate for many families and their communities throughout New York City and nationwide.
A new report exposes just how hard it is for New Yorkers of modest or even middle-class means to afford a home. It’s a serious problem—but not one that policymakers are powerless to confront.