Christopher Rotondo

RI News
7:23 am
Wed May 29, 2013

Report Shows Minorities Disproportionately Affected by Foreclosure Crisis

Rhode Island’s foreclosure crisis has taken a much higher toll on people of color than on whites, according to a report released Wednesday by the group DARE – Direct Action for Rights and Equality.  The report focuses on foreclosures in the capital city, where homeowners have lost tens of millions of dollars in wealth to foreclosed properties.

Between 2006 and 2012 Providence homeowners lost more than 200 million dollars in wealth due to the foreclosure crisis, according to “Wasted Wealth,” a report by the group Direct Action for Rights and Equality.

Read more