This is not the role of government. In fact, some argue this type of thing caused the current crash in the housing market ... congress "helping" poor people buy homes.

Minneapolis wants to buy foreclosed properties and then sell them back to the same people that lost these houses because they got subprime loans? Wasn't it the low-income groups that got the very mortgages that led to this mess in the first place? Could someone explain how this makes sense, or isn't it supposed to?

Here's an event that will explain the complexities behind the crisis: CRASH COURSE ON THE CRASH What led up to this economic crisis? Whose fault is this, and why did rich bankers get bailed out? Crash Course on the Crash is an educational event to help the community understand the complex world of the US economy. People’s economist* Karen Redleaf will explain the ways deregulation and complex financial dealings have led to the downfall of financial institutions and massive home foreclosures. A panel of representatives of groups most affected by this crisis will discuss their experiences. Music provided by internationally-known folk singer Larry Long. Get involved in taking back our economy! Saturday, November 22 2:00 p.m. – 4:00 p.m. Walker Church 3104 16th Ave S, Minneapolis Childcare and snack provided. Tabling and social hour following event. Organizations wishing to table at this event can call 651-644-1173 for more information. Sponsored by Economic Crisis Action Group *Karen Redleaf holds undergraduate and masters degrees in economics. She worked for years as an options trader and hedge fund researcher in the financial industry until she quit in disgust. She specializes in explaining economic concepts in plain language.

Darn right I want Minneapolis to tear down some homes and sell or hold the other ones. Its not the role of government to do all the time but it is the role to keep the city safe and liveable. I don't care whose fault, I want it fixed and I commend them for taking action. I also say, give money to community organizations in North Minneapolis to improve the neighborhood. Don't fight it put the power of change in the communities hands.

$1.7 million to demolish dilapidated properties. $1.4 million to help non-profit developers to buy and rehab affordable rental units for displaced families. Remainder to help non-profits to purchase, renovate and resell to households up to 120% of the area median income. Anyone receiving this financing to purchase must attend homeownership training classes (9 hours) and must otherwise be credit qualified or under a program to rebuild their credit standards. Government assistance is NOT what got these people to be foreclosed. In fact, government programs have half the default rate of private sector programs.

Darn staight goodfather1. The actual facts present themselves to those who would bother to look. Why is it so hard for these right wingnuts to actually find out the truth and learn! Because they listen to packaged spin by the likes of Limbaugh and Hannity designed to keep them stupid and poor!