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.