Primary tabs
Location
USA TODAY: Report estimates 8 million children hurt by foreclosures
The campaign goal: “Every American lives in safe, decent, affordable and energy efficient housing on fair terms!” Join a community that is well informed on housing issues in the news. See the links below and Get Empowered Now.
One in 10 U.S. children has been or will be affected by the nation's surge in foreclosures,
a new report says.
Five years into the foreclosure crisis, an estimated 2.3 million children have lived in homes lost to foreclosure, according to a report from First Focus, a Washington, D.C-based bipartisan advocacy group focused on families.
Another 3 million children live in homes at risk of foreclosure because home loans are in the foreclosure process or are seriously delinquent. And 3 million children lived or live in rental homes lost to foreclosure or at risk, the report says.
"Children are the often invisible victims of the foreclosure crisis," said report author Julia Isaacs. She did the study while at the Brookings Institution and is now a senior fellow at the Urban Institute's Labor, Human Services and Population Center.
Isaacs analyzed foreclosure and U.S. Census Bureau data to estimate the number of children affected. The report is the second released by First Focus on the crisis' impact on children, and the organization says it's the first to estimate the number of children affected who live in rental properties.
Click Here to read the full story.
