Castor Urges Action On Housing Crisis

Press Release

U.S. Rep. Kathy Castor has written a letter to Treasury Secretary Timothy Geithner, outlining her recommendations to combat the housing crisis.

Castor has held three foreclosure assistance workshops and has heard from more than 1,000 families about how the economic crisis is affecting them. Based on those conversations, Castor is urging more direct help to homeowners.

"While some lenders are proactive, many are not helpful," Castor wrote. "It is too piecemeal. Families are falling through the cracks due to no fault of their own. The housing market and the larger economy, including the wealth that families have built in their homes, is imploding. The dire circumstances demand bold, comprehensive action."

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