A Spin on Eminent Domain: Newark Considers a Controversial Approach to (Maybe) Stop Banks from Foreclosing
Tuesday, April 23, 2013
By Sarah Gonzalez : Reporter, WNYC/NJPR
Under eminent domain city governments have the power to take private property for the benefit of the public. Activists in New Jersey argue that preventing foreclosures is a public benefit, and they want city officials to tap into their eminent domain power to buy homes from banks that are on the brink of foreclosure. The twist: the city would allow the current homeowners to stay in their home.
Newark City Council members are intrigued by the idea.
Thursday, February 28, 2013
While many families whose homes were damaged by Sandy are receiving some mortgage relief from banks, advocates say the measures will only postpone a rash of foreclosures, not prevent them.
Wednesday, March 28, 2012
Today on "The Capitol Pressroom":
Economic development is the centerpiece of the newly agreed-upon budget. Governor Andrew Cuomo will discuss some of the plans with us on the show.
Then, reaction to the budget agreement.
We begin with Stephen Acquario of the New York State Association of Counties on the Governor’s plans for mandate relief and a state takeover of Medicaid.
There is new money in the budget as well as a new 3-year Foreclosure Prevention plan that Kirsten Keefe of the Empire Justice Center will have details about.
Not everyone is pleased with the plan – advocates for education like Billy Easton of the Alliance for Quality Education say policies in Albany are making educating our children less effective rather than more.
For show archives, please visit The Capitol Bureau's website here.