Congressman Danny K. Davis and Foreclosure Prevention Coalition to Kick-Off "Foreclosure Sunday" at Westside Church
Chicago - On Sunday, December 16, 2007, at 11:30 a.m., CongressmanDanny K. Davis and the Foreclosure Prevention Coalition will inaugurate"Foreclosure Sunday" at Greater St. John Bible Church, Rev. Ira Acree, Pastor.
The 7thCongressional District's Foreclosure Prevention Advisory Committee, chaired byState Rep. La Shawn K. Ford is aggressively pursuing legislative, programmaticand advocacy efforts to help ease the economic pain on our country, state, andcity. As part of the educational efforts, we have announced, "ForeclosureSunday," an effort to bring about foreclosure literacy to consumers throughfaith-based organizations.
Davis noted that by theend of 2007, almost 2.2 million homeowners foreclosed. It is predicted that in 2008, over 2,000,000subprime loans will reset, resulting in hundreds of thousands offoreclosures. "Our nation and our localgovernments along with clergy and community groups must be highly proactive ineducating homeowners about foreclosure literacy and solutions."
During the churchservice at Greater St. John Bible Church, Congressman Danny K. Davis willaddress the congregation, encouraging anyone with a foreclosure issue to seekhelp through housing counselors, attorneys, and others civically involved inhelping individuals. In addition to Davis, Deshana Forney, ExecutiveDirector, Illinois Housing and Development Authority, will address thecongregation. Lastly, Margaret Acree wasdesignated Greater St. John Bible Church's liaison, leading the ForeclosurePrevention Faith-based Network.
South AustinCommunity Coalition and other counselors and lenders will be on hand to assistthose seeking immediate help. Althoughfaith-based organizations are encouraged to develop foreclosure literacyopportunities whenever possible, Congressman Danny K. Davis and the ForeclosurePrevention Coalition are advising organizations to designate the 2ndSunday of each month.
Congressman DannyK. Davis said, "Foreclosure Literacy will help many people overcome the perilsof foreclosure. But the real deal ismany people need money and time to overcome the foreclosure crisis. We will continue to push for the foreclosuremoratorium and continue to pursue legislative initiatives that preventevictions and homelessness."