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05/20/2020

Coronavirus Could be New Housing Crisis for Communities of Color

Bloomberg May 20, 2020, 5:30 AM

Alex de la Campa’s parents still haven’t recovered from a 2008 foreclosure and he fears the coronavirus-induced economic collapse will leave them in an even deeper hole.

Prior to the last recession, they owned their home in Concord, Calif., a Bay Area city of 120,000 people where his father, a Mexican immigrant, was a police officer. Eventually, they found an affordable rental home that they sublet to make ends meet.

Now, their tenants are falling behind on their rent and de la Campa, a 31-year-old Navy veteran who has since graduated from college, is worried about whether he can continue sending money each month to keep them in their home...click here to read more.

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