City Council Agrees with OWS: Banks Should Turn Over Foreclosed Properties

Following the Occupy Wall Street demonstration in East New York Wednesday, the City Council called for big banks to turn over vacant foreclosed properties to nonprofit groups involved in affordable housing.

According to the Brooklyn Eagle, council members, and representatives from VOCANY and NY Communities for Change were "responding to the growing demand by the 99 percent to hold the banks responsible for the damage that foreclosures cause to neighborhoods in the city."

Occupy Wall Street and elected officials chose East New York because that community has a foreclosure rate five times the citywide rate.

More here.

Photo by MK Metz

- Occupy Wall Street's Day of Mass Action
- Occupy Wall Street's 99% March Over Brooklyn Bridge into Brooklyn Heights
- Occupy Wall Street Protesters Arrested Inside Brooklyn Supreme Court
- OWS Protesters Occupy Cadman Plaza Park and Get Arrested On Brooklyn Bridge
- Livestream OWS March Oct. 5
- More here
- More here.

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