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Foreclosures Force Renters Onto Streets
March 18, 2009Cities Across US Grappling With Dilemma
LOS ANGELES -- The foreclosure crisis is hitting inner-cities hard as landlords default on mortgages in record numbers and foreclosures force tenants into the street. Boarded-up apartment buildings have become common on impoverished city blocks while emergency shelters are swelling with mothers with children.
Cities across the nation are grappling with the dilemma, which is affecting some of their neediest residents.
Some evictees are even employed but don't have the savings for a new apartment or simply can't find an affordable one.
Parents with numerous children or teenagers are often forced to split up their families among various places. Most shelters don't accept adolescent boys, for instance, out of fear of aggressive behavior.
Delores Conway, multifamily market expert at the University of Southern California's Lusk Center for Real Estate, said evictions are likely to keep rising as job losses sock renters.
"The pressure is going to continue because of rising unemployment," Conway said.
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