Reports

The Foreclosure Generation: The Long-Term Impact of the Housing Crisis on Latino Children and Families

 

National Council of La Raza & Center for Community Capital at the University of North Carolina (UNC)

This report examines the major impacts of the economic downturn on Latino children and families, specifically the effects of the housing bust in communities of color, whose members were more likely to have mortgages most at risk of foreclosure.

Interviews with 25 Latino families covered five areas: family stability and relationships; health status and lifestyle; academic performance and behavior of children; family financial security; and plans for the future.

Families reported that relationships deteriorated as many families depended heavily on family and friends for housing and money. Stress and tension increased as day-to-day living became more difficult.

Parents reported more anxiety and sadness in their children as families had to relocate homes and schools. Many members of these families also skipped taking critical medication to save money.

Children had difficulty adapting to new school environments. Commutes became longer and more complex for some families. Families also saw a drop in their children’s academic performance.

Unaffordable mortgages, unemployment, loss of assets and falling prey to lender scams led families to financial instability and a difficult process of digging themselves out.

Through the challenges of the housing crisis, many families reported a changed outlook on long-term finances, some abandoning the thought of ever owning a home again and some still hopeful for a similar kind of success in the future.

Recommendations on stabilizing interventions and policy interventions are given by the authors.

Free, 55 pages. http://www.nclr.org/content/publications/download/61725.

Comments

Youth Today is the only independent, internationally distributed digital media publication that is read by thousands of professionals in the youth service field.

Youth Today adheres to high-quality journalistic standards, providing readers with professional news coverage dedicated to examining a wide spectrum of complex issues in the youth services industry from legislation to community-based youth work.

EDITORIAL INDEPENDENCE

Our organization retains full authority over editorial content to protect the best journalistic and business interests of our organization. We maintain a firewall between news coverage decisions and sources of all revenue.

DONORS & DONOR TRANSPARENCY

We are committed to transparency in every aspect of funding our organization. Donors may be quoted, mentioned or featured in our stories. Our news judgments are made independently – not based on or influenced by donors. Accepting financial support does not mean we endorse donors or their products, services or opinions…(read more)

Archives

Categories

Recent Comments

Kennesaw State University Mountain Logo & Ceneter for Sustainable Journalism Logo
LOGO Institute for Nonprofit News 3 turquoise boxes stacked in "J" shape

Copyright © 2018 Youth Today and MVP Themes --- Published by Center for Sustainable Journalism,
Kennesaw State University, 1200 Chastain Blvd. Suite 310, Kennesaw GA 30144

To Top