pico national network bringing people of faith together to transform communities and the nation 52...
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![Page 1: PICO National Network Bringing people of faith together to transform communities and the nation 52 local/regional member federations 10 state power networks](https://reader034.vdocuments.us/reader034/viewer/2022042814/551b74dc550346a6148b5131/html5/thumbnails/1.jpg)
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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)
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Vicious cycle
Predatory lending
Unnecessary foreclosures
Underwater homeowners
Blighted REO
property
Revenue crises
Lack of access to
good credit
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What can local governments do?
(5) Responsible banking policy
(4) Blighted property regulation
(1) Foreclosure mediation
(2) Renegotiate toxic swaps (3) Pilot
principal reduction
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WE don’t have to sit on the sidelines as community leaders and local elected officials