Foreclosures Up in 2008

File Under "How is This Possible?"

We are collecting our State of Homelessness 2008 report right now, and we were shocked to discover that foreclosures in Cuyahoga County are up between 2007 and 2008. All the attention directed at the crisis; all the arrests of criminal predatory lenders; and the moratoriums by various lending institutions have done little to help. How could we have an increase in foreclosures with all this government intervention? Then the icing on the cake is the huge increase in foreclosures in December. Merry Christmas and Happy Holidays Cleveland! Here are a boat load of foreclosures for you to suck on. To all the representatives from the financial sector, we would like to thank you for this Christmas gift. Cleveland and Cuyahoga County can use more foreclosures. What is your return gift policy?
Here are the 2007 estimated number of homeless in the big cities in Ohio. The Census poverty figures are always one year behind.
The first number is the Census population figure for 2007.
The second number is the percentage living in poverty from the Census American Community Survey released in the fall every year.
The third number would be the actual number living in poverty.
The final number is the estimated number of homeless people in that County. This is based on percentage in poverty. The higher number living in poverty the larger percentage who face homelessness. These percentages are based on research conducted by HUD.

The entire report will be released on January 22, 2009 as part of the press conference for the Homeless Stand Down.

Brian
Posts by Northeast Ohio Coalition for the Homeless staff and Board.