Huge Jump in Foreclosure Auctions

With the City Budget nearing completion and a July 15 sale of FHA mortgage notes by the federal government looming, time is of the essence to create and finance the Community Reinvestment Fund. As we talked about in an earlier blog post, the Community Reinvestment Fund will be used to initiate a mission-driven purchase of […]

view more

Support Homeowners in Foreclosure!

Council Member Daneek Miller expressing support for the new initiative, which he said could aid many distressed homeowners in his district and help to restore the staggering amount of wealth lost in middle-class Queens communities following the foreclosure crisis. In collaboration with our partners Neighborhood Restore and Mutual Housing Association of New York (MHANY), the […]

view more

Bank of America Funds $8.1M for Foreclosure Prevention Services

Bank of America announced yesterday that it will provide $8.1 million to local New York non-profits to combat foreclosures. The Center for NYC Neighborhoods, in partnership with the Empire Justice Center, is proud to work with Bank of America on this effort, getting the critical funding to housing counseling groups across the state. The funding […]

view more

Testimony before the NYC Council on the Issue of the Economic Impact of the Foreclosure Crisis – April 2015

Our Executive Director, Christie Peale, addresses the New York City Council Committees on Economic Development, Community Development, and Civil Service and Labor on the Economic Impact of the Foreclosure Crisis, proposing a series of recommendations that require a concerted, dedicated effort on the part of government community institutions, as well as financial institutions. Full Testimony.

view more

Stopping Foreclosure Vultures

New York’s “The Red Hot Rubble of East New York” (January 26-February 8) is an extremely disturbing and unfortunately all too common story in New York City. Predatory real estate investors are targeting homeowners facing foreclosure, offering cash to buy them out and acquire their homes on the cheap, only to flip the houses or […]

view more

Fighting Foreclosure and Abandoned Properties in NYC

Despite the intense demand for housing in New York City, vacant and abandoned properties continue to destabilize and blight many of our communities. Last week, our Executive Director Christie Peale testified at a hearing held by the City Council’s Housing and Buildings Committee on the problem of vacant and abandoned properties. Vacant and abandoned properties […]

view more

Testimony before NYC Council on the issue of vacant properties and the foreclosure crisis – March 2014

Our Executive Director, Christie Peale, addresses the New York City Council Committee on Housing and Building regarding the foreclosure crisis as a driver of vacant and abandoned properties. Christie also put forward a series of recommendations on support for foreclosure prevention services, monitoring of vacant and at-risk properties, and providing further affordable homeownership opportunities. Full […]

view more

“Post-Sandy Foreclosure Fears Erupt Among Residents With Damaged Homes” and other headlines from 2013

Wall Street Journal: Sandy Forced Poor to Leave Illegal Units New York Daily News: Mortgage break, but also tax hike City & State: Save the 30-Year Mortgage Gotham Gazette: Experts Warn Of Foreclosure Crisis As Floodwaters’ Toll Persists NYC.gov: Mayor Bloomberg and Mayor’s Fund to Advance New York City Release One-Year Update on Hurricane Sandy Relief and […]

view more

Center for NYC Neighborhoods Report Reveals Progress in Foreclosure Prevention in NYC

NEW YORK, NY, September, 19, 2013- The Center for New York City Neighborhoods (the Center) today released a report highlighting five years helping homeowners fight foreclosure in New York City.  The report, titled “Home by Home: Neighborhood Stabilization in New York City” documents the local repercussions of the national crisis and highlights the work of […]

view more

Center for NYC Neighborhoods Announces 100 Homes Saved From Foreclosure By City’s Innovative Loan Program

  NEW YORK – The Center for New York City Neighborhoods (CNYCN) Executive Director Christie Peale and NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced that 100 loans have been provided to New York  City homeowners in mortgage distress through the City’s Mortgage Assistance Program (MAP). MAP provides loans […]

view more