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February 22nd, 2012

Foreclosures are marginalizing many Hispanic communities

Felix Ortiz
The Members of the Executive Committee of the NYS Assembly Puerto Rican and Hispanic Task Force recently convened with Representatives from the New York State Foreclosure Coalition to discuss the recent rash of foreclosures.

It has become clear that the foreclosure epidemic in New York State is highly problematic and must be addressed before even further harm is done to families, especially those in the Hispanic Community.

Housing, the foundation of the family, is falling victim to scams and predatory practices.

Meghan Faux, Director of Foreclosure Prevention, stated that over 345,000 pre-foreclosure notices were send this past year, of which 2/3 were directed to low income minority homeowners, in particular,  the African American and Hispanic communities.  Housing is the bedrock of a family, when children are not provided with appropriate housing it affects their health, education and their future.

“A very large number of individuals are facing foreclosure in New York State,” said Felix W. Ortiz, Chair of the New York State Assembly Puerto Rican/Hispanic Task Force. “We, as legislators, need to ensure that all New Yorkers are provided with the financial information they need so their families and communities can sustain in these difficult economic times.”

Task Force Chairman Ortiz welcomes those interested to view a video of the meeting online at the website

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