The National Economic and Social Rights Initiative along with Amnesty
International are asking the U.S. to step up its efforts to address the
foreclosure crisis, including by giving serious consideration to the
growing call for a foreclosure moratorium and other forms of relief for
those at risk, and establishing a housing finance system that fulfills
human rights obligations.
New government census reports have revealed disturbing information
that details the cold, 
hard numbers of Americans who have been deeply
affected by the state of our economy, and bank foreclosure practices:
hard numbers of Americans who have been deeply
affected by the state of our economy, and bank foreclosure practices:
In the last few days, the U.S. government census figures have
revealed that 1 in 2 Americans have fallen into poverty or are
struggling to live on low incomes. And we know that the financial
hardships faced by our neighbors, colleagues, and others in our
communities will be all the more acutely felt over the holiday season.
Along with poverty and low incomes, the foreclosure rate has created
its own crisis situation as the number of families removed from their
homes has skyrocketed.
Since 2007, banks have foreclosed around eight million homes. It is
estimated that another eight to ten million homes will be foreclosed
before the financial crisis is over.
This approach to resolving one part
of the financial crisis means many, many families are living without
adequate and secure housing. In addition, approximately 3.5 million
people in the U.S. are homeless, many of them veterans. It is worth
noting that, at the same time, there are 18.5 million vacant homes in
the country.
The stark realities that persist mean that millions of families will
be facing the holidays in temporary homes, or homes under threat, and
far too many children will be wishing for an end to the uncertainty and
distress their family is facing rather than an Xbox or Barbie doll.
Housing is a basic human need and a fundamental human right. Yet
every day in the United States, banks are foreclosing on more than
10,000 mortgages and ordering evictions of individuals and families
residing in foreclosed homes.
The U.S. government’s steps to address the
foreclosure crisis to date have been partial at best.The depth and severity of the foreclosure crisis is a clear
illustration of the urgent need for the U.S. government to put in place a
system that respects, protects and fulfills human rights, including the
right to housing. This includes implementing real protections to ensure
that other actors, such as financial institutions, do not undermine or
abuse human rights.- There is a link available at the Amnesty International website for anyone who is interested and would like to join the call on the Obama administration and Congress to urgently step up efforts to address the foreclosure crisis, including by seriously considering the growing call for a foreclosure moratorium and other forms of relief, and establishing a housing finance system that fulfills human rights obligations.
Source: Real News 24
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