FORECLOSURES FROM PREDATORY LOANS HIT BROOKLYN HARD
On Saturday, Rep. Edolphus “Ed” Towns (NY-10) will host a town hall meeting in response to the public outcry about the prevalence of predatory lending and its impacts on Brooklyn communities. Adding to the financial crisis, predatory lenders have targeted elderly, minority, and financially inexperienced borrowers, disrupting families and destroying communities all across the country. In Brooklyn, the problem has manifested in many ways, including the high rate of foreclosures and the lack of affordable housing.
At the meeting, residents will hear from Rep. Towns, Chairman of the Committee on Oversight and Government Reform, whose committee is charged with oversight of federal agencies and the stimulus package. Brooklyn District Attorney Charles Hynes will address preventative measures and issues in predatory lending, and a representative from the Census Bureau will also be on hand to present information about the 2010 Census. The event is free and open to the public.
Date: Saturday, February 28, 2009
Time: 12:00 pm to 3:00 pm
Location: Holy Family Church - 9719 Flatlands Ave.- Brooklyn, NY 11236 - Between Rockaway Parkway and East 98th Street