Home Foreclosures and Latino Families: NCLR Report Shows the High Human Costs and Effects on Children

MEDIA ADVISORY
Telephonic Briefing
WHAT: Telephonic briefing to discuss a new study, The Foreclosure Generation: The Long-Term Impact of the Housing Crisis on Latino Children and Families
WHO: Janet Murguía, President and CEO, NCLR (National Council of La Raza)
Janis Bowdler, Deputy Director, Wealth-Building Policy Project, NCLR
Roberto Quercia, Director, Center for Community Capital, University of North Carolina at Chapel Hill
Housing counselors from five cities hit hard by the housing crisis—Detroit, Tampa Bay, Stockton, Houston, and Dalton, GA—will be on the call to field questions.
WHEN: Tuesday, February 16, 1:00 p.m. EST
HOW: Call 1-866-835-8907; caller ID is “NCLR Foreclosure Call” To RSVP for the briefing, contact Kathy Mimberg at kmimberg@nclr.org
WHY: Latino children and families who have lost their homes to foreclosure suffer long-term psychological and social trauma. Problems experienced by Latino families include multiple moves, marital discord, anxiety, depression, children’s poor performance in school, and loss of the family savings and financial safety net. A report to be released on February 16 by NCLR, the largest national Hispanic civil rights and advocacy organization in the United States, and the University of North Carolina’s Center for Community Capital investigates these and other effects foreclosure has on Latino families.

An estimated 1.3 million Latino families will lose their homes to foreclosure between 2009 and 2012. Congress must intervene to stop foreclosures and provide stable housing opportunities. “

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