Should $331 million settlement from housing bubble help stop evictions, foreclosures?
California Gov. Gavin Newsom wants to spend $331 million from a settlement with mortgage lenders on legal aid for homeowners and renters.
“The middle class, and those that aspire to get in it, are being slammed because we have been unable to produce enough housing, to prevent evictions and foreclosures,” Newsom said as he presented his plan at a legal aid clinic.
Newsom’s proposal repurposes most of California’s share of a 2012 settlement between states and five large len
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