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Financial Reform

GCC Wins Initial Concessions from Q Arena Deal

Greater Cleveland Congregations (GCC) won initial concessions from the Cleveland City Council and Cleveland Cavaliers from its campaign to create a Community Benefits Agreement tied to the $282 million expansion of Quicken Loans Arena.  The Cavs announced that they will refurbish 60 school and recreation center basketball courts in inner-city Cleveland, build 100 new Habitat for Humanity homes, and a financial restructuring of the Q deal so that the city is less liable to incur debt.  Despite these initial concessions, GCC is pressing to collect 15,000 signatures of Cleveland residents to place the Q issue on the ballot this Fall. 

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Alinsky, Foreclosures and Holding Banks Accountable

 

<p style="\\&quot;text-align:" left;\\"="">Memo to the Obama Administration: if you want to see the makings of a national model to hold big banks accountable for fixing foreclosure-devastated neighborhoods, go to Milwaukee and talk to citizen leaders of a community organization who are practicing what Saul Alinsky preached.

More focus needed on housing fix (By Sen. Mark R. Warner, D-Va.)

U.S. Senator Mark Warner reacts to VOICE's organizing around the foreclosure crisis in Northern Virginia.

Interfaith group seeks help from banks in housing crisis

Members from more than 40 religious institutions across Northern Virginia are asking some of the country’s largest banks to commit to helping rebuild neighborhoods that have been devastated by housing foreclosures. Virginians Organized for Interfaith Community Engagement (VOICE) drew a crowd of about 900 congregants, political leaders and representatives of two major financial institutions — Bank of America and J.P. Morgan Chase — to Freedom High School in Woodbridge on Sunday to discuss the issue.

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