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California Puts up $500 Million for Community Ownership Against Big Real Estate

California Puts up $500 Million for Community Ownership Against Big Real Estate
nextcity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nextcity.org Daily Mail and Mail on Sunday newspapers.

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Law Inspired By Moms 4 Housing Helps Grandmother Stay in Her Pinole Home

NBC Universal, Inc.
A grandmother in the East Bay managed to stop a private equity firm from buying the home she was living in with the help from a new state law inspired by the Moms 4 Housing movement.
“It really makes me feel good that I can see the results of a bill that I carried,” said State Senator Nancy Skinner.
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She referred to SB 1079, which says foreclosed homes must be sold one at a time, in order to prevent speculators from buying up foreclosed homes in bulk. ....

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Law Inspired y Moms 4 Housing Helps Grandmother Stay in Her Pinole Home

Law Inspired y Moms 4 Housing Helps Grandmother Stay in Her Pinole Home
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Law Inspired y Moms 4 Housing Helps Grandmother Stay in Her Pinole Home

Law Inspired y Moms 4 Housing Helps Grandmother Stay in Her Pinole Home
nbcbayarea.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcbayarea.com Daily Mail and Mail on Sunday newspapers.

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Grandma Challenges Real Estate Giant in Early Test of New California Law

(Beth LaBerge/KQED)
Jocelyn Foreman was full of nervous energy and dread.
It was a crisp morning in early March. She arrived at the Pleasant Hill Community Center to find a handful of men and women in a semicircle outside the sandstone-colored building, clutching folders and holding cell phones.
They were there for a foreclosure auction, poised to bid on the house that Foreman rents: a single-story, 1,500-square-foot tract home in Pinole. It’s a simple home, set back from the street, with a steep sloping backyard, worn carpets and a roof that leaks when it rains.
A man with a clipboard started the bidding at $175,000. A woman in a maroon sweatshirt and another man offered competing bids. First $176,000. Then $177,000. Then $180,000. ....

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