Testimony before the NYC Council Proposing a Series of Recommendations on the Economic Impact of the Foreclosure Crisis – April 2015

Our Executive Director, Christie Peale, addresses the New York City Council Committees on Economic Development, Community Development, and Civil Service and Labor on the Economic Impact of the Foreclosure Crisis, proposing a series of recommendations that require a concerted, dedicated effort on the part of government community institutions, as well as financial institutions. Full Testimony.

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Stopping Foreclosure Vultures

New York’s “The Red Hot Rubble of East New York” (January 26-February 8) is an extremely disturbing and unfortunately all too common story in New York City. Predatory real estate investors are targeting homeowners facing foreclosure, offering cash to buy them out and acquire their homes on the cheap, only to flip the houses or […]

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Fighting Foreclosure and Abandoned Properties in NYC

Despite the intense demand for housing in New York City, vacant and abandoned properties continue to destabilize and blight many of our communities. Last week, our Executive Director Christie Peale testified at a hearing held by the City Council’s Housing and Buildings Committee on the problem of vacant and abandoned properties. Vacant and abandoned properties […]

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Testimony before NYC Council on the issue of vacant properties and the foreclosure crisis – March 2014

Our Executive Director, Christie Peale, addresses the New York City Council Committee on Housing and Building regarding the foreclosure crisis as a driver of vacant and abandoned properties. Christie also put forward a series of recommendations on support for foreclosure prevention services, monitoring of vacant and at-risk properties, and providing further affordable homeownership opportunities. Full […]

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“Post-Sandy Foreclosure Fears Erupt Among Residents With Damaged Homes” and other headlines from 2013

Wall Street Journal: Sandy Forced Poor to Leave Illegal Units New York Daily News: Mortgage break, but also tax hike City & State: Save the 30-Year Mortgage Gotham Gazette: Experts Warn Of Foreclosure Crisis As Floodwaters’ Toll Persists NYC.gov: Mayor Bloomberg and Mayor’s Fund to Advance New York City Release One-Year Update on Hurricane Sandy Relief and […]

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Center for NYC Neighborhoods Report Reveals Progress in Foreclosure Prevention in NYC

NEW YORK, NY, September, 19, 2013- The Center for New York City Neighborhoods (the Center) today released a report highlighting five years helping homeowners fight foreclosure in New York City.  The report, titled “Home by Home: Neighborhood Stabilization in New York City” documents the local repercussions of the national crisis and highlights the work of […]

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Center for NYC Neighborhoods Announces 100 Homes Saved From Foreclosure By City’s Innovative Loan Program

  NEW YORK – The Center for New York City Neighborhoods (CNYCN) Executive Director Christie Peale and NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced that 100 loans have been provided to New York  City homeowners in mortgage distress through the City’s Mortgage Assistance Program (MAP). MAP provides loans […]

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“Home Foreclosure Rates Surge” and other headlines from 2010

CNYCN Featured in the Daily News: Home fraud shield law on Gov. Paterson’s desk would fight loan scams CNYCN Featured in the Daily News: Home groan – City sees rise in foreclosure filings in August, according to report Michael Hickey / Center for NYC Neighborhoods – Home Foreclosure Rates Surge Rise Up & Stay Put! […]

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The human cost of house flipping in NYC; it’s a ‘land grab,’ advocate says

Behind houses sold by well-coiffed brokers on shows like the popular reality TV series Million Dollar Listing is a much more complicated story: the rise of house flipping throughout New York City that can push affordable homeownership out of reach of most families. A new BuzzFeed News investigation published last December explores the rise of […]

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