OUR TIME PRESS | September 12 - 18, 2019

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| From the Villa ge of Brook ly n |

OUR TIME PRESS THE L OCAL PAPER WITH THE G LOBAL VIEW

| VOL. 23 NO. 37

September 12 - 18, 2019 |

Since 1996

TIES THAT BIND Anchors in the Life of the Village:

Clergy, Family, Legislators

"One Family, One Church Preserving Legacies" Special 5-Page Feature begins page 7 Wellsprings of Faith, p8 Thy Will Be Done, p9 Ties That Bind, Past to Present p9, 10, 11

Save Your Home and Protect Your Legacy

S

enator Velmanette Montgomery, Assemblymember Tremaine Wright and the Brownstoners of Bedford-Stuyvesant will once again convene with residents to follow up on issues raised and initiatives proposed at a major meeting on the neighborhood’s housing crisis held back in March. This meeting will take place at Interfaith Medical Center, 1545 Atlantic Ave. on Saturday, September 14th at 11:30 am. Over 300 attendees heard testimony from homeowners, legal experts, foreclosure prevention advocates and stakeholders at the spring meeting. Issues discussed included Housing Preservation and Development’s Third Party Transfer (TPT) Program and its impact on Housing Development Fund

Critical Rally for Homeowners, Sept. 14

Corporations (HDFCs). Also discussed were redlining and predatory lending practices, deed theft and equity fraud, the devastating impact of municipal water and sewer liens, and the court system. This forum is aimed at taking the first steps to implement reforms and protections for longtime homeowners. Among the Predatory Practices remedies discussed will be: mandated notification of recorded property documents; enhanced security of notary information and increased penalties for fraud; funding the mortgage assistance program; establishing a good-neighbor tax credit; creating a civilian review board for third party transfers; protecting the rights of sweat equity shareholders; establishing a citywide coop taskforce and more.

Thanks to Montgomery, Wright and several of their colleagues, progress has been made in addressing some of these concerns. The Deed Theft Bill was signed into law and $20 million was added to the 2019 budget to provide free legal services and counseling to those at risk of losing their homes. Also signed into law was a bill reforming a bank’s obligations to the homeowner during mortgage sales and a bill strengthening protections for homeowners when construction takes place on adjacent properties. But while these gains are cause for celebration, a concerted push is required in order to secure others. A Uniform Partition of Heirs Property Act was passed, requiring that homes be sold through brokers, not at

auction. But although it is now law in 11 states, Governor Cuomo has yet to sign it. A bill allowing credit unions to receive incentives for doing business in underserved communities (as big banks do) has passed and is waiting to be signed as well. And yet another bill, this one giving homeowners more agency in foreclosure processes, is waiting to be signed into law. Residents are urged to come out to hear firsthand about the new laws passed, pending legislation written on their behalf, and about what they can do to put pressure to bear in their own interest. Our Time Press will begin an informational series based on the report, Saturday’s forum and the ensuing initiatives.


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OUR TIME PRESS | September 12 - 18, 2019 by Mike Kurov - Issuu