pico national network bringing people of faith together to transform communities and the nation
Post on 15-Feb-2016
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PICO National NetworkBringing people of faith together to transform communities and the nation
• 52 local/regional member federations• 10 state power networks• 1,200 religious congregations• 210 network staff• + International work in Rwanda and Central
America (El Salvador and Guatemala)
Vicious cycle
Predatory lending
Unnecessary foreclosures
Underwater homeowners
Blighted REO
property
Revenue crises
Lack of access to
good credit
What can local governments do?
(5) Responsible banking policy
(4) Blighted property regulation
(1) Foreclosure mediation
(2) Renegotiate toxic swaps (3) Pilot
principal reduction
WE don’t have to sit on the sidelines as community leaders and local elected officials
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