Thursday, December 15, 2005

Broken Homes, Broken Promises

I am delighted that journalists around the country continue to write hard-hitting follow-ups to the Hurricane Katrina story. "Loans to Homeowners Along Gulf Coast Lag" by Leslie Eaton and Ron Nixon of The New York Times reveals that the federal Small Business Administration has processed only a third of the 276,000 home loan applications it has received from Katrina victims and rejected more than three-quarters of the ones it has reviewed. Poor people are having a much tougher time getting loans than wealthy ones, Nixon and Eaton report, making it difficult to revive low-income neighborhoods.


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