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ADVISORY: Eminent Domain as a Means to Reduce Principal

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Contact: Katie Peters
Phone: 202.741.6285
Email: kpeters@americanprogress.org

Washington, D.C. – The housing crisis wiped out nearly $7 trillion in homeowner equity and caused a wave of foreclosures that have crippled the nation’s housing market for nearly four years. While the housing sector appears to be on the road to recovery, the comeback is slow, and many communities are still struggling. Corelogic estimates that more than 10 million homeowners are still underwater, which portends more defaults, foreclosures, and slower recovery.

This event examines recent calls for municipalities to use eminent domain to restructure local mortgages. Panelists all share a commitment to tackling the problem of negative equity but have different views on using eminent domain to do so. Please join us for what’s sure to be a spirited conversation.

WHO:  

  • Rep. Brad Miller (D-NC)
  • Jim Carr, Senior Policy Fellow, Opportunity Agenda
  • Steven Gluckstern, Chairman, Mortgage Resolution Partners
  • Laurie Goodman, Senior Managing Director, Amherst Securities
  • Lisa Lindsley, Director of Capital Strategies, AFSCME
  • Julia Gordon, Director, Housing Finance & Policy, Center for American Progress

WHEN:

October 31, 2012
12:00pm – 1:30pm
A light lunch will be served at 11:30 a.m.

WHERE:

Center for American Progress
1333 H St. NW, 10th Floor
Washington, DC20005

RSVP:

RSVP for this event.
For additional information, please contact Katie Peters at kpeters@americanprogress.org.

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To speak with our experts on this topic, please contact:

Print: Katie Peters (economy, education, poverty, Half in Ten Education Fund, women's issues)
202.741.6285 or kpeters@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, LGBT issues, gun-violence prevention, the National Security Agency)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (energy and environment, Legal Progress, higher education)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org