Skip to main content

Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.


Housing Crisis Action

printer friendly  

'I’ve seen the housing crisis devastate Richmond’s neighborhoods. I’ve felt the heartache of families who were evicted from their homes. Over half of our homeowners are underwater, and the threat of foreclosure still looms over far too many homeowners. We’re saying enough is enough. We are determined to work to save our communities, and Richmond CARES can begin to fix what Wall Street broke.'

Mayor Gayle McLaughlin of  Richmond, California, the first
U.S. city to offer to purchase underwater mortgages from
bondholders and consider the use of eminent domain in the
event that the bondholders do not  agree to sell.