When the housing market collapsed, entire neighborhoods of North Minneapolis could have been re-classified as financial crime scenes. To get an idea of the scope of the mortgage maleficence perpetrated check out Jeff Skrenes’ list of all the fraud prosecutions on his North by Northside blog. The greed that had overtaken people during the housing bubble left city blocks scarred with homes abandoned and falling into disrepair.
For the staff of Twin Cities Habitat for Humanity (and lots of other people), this was very tough to see. Twin Cities Habitat has a long, and strong, relationship with Northside families. Over the years, more than 170 families have purchased a home in North Minneapolis with our help. Habitat crews have completed more than 450 home repair projects in partnership with Northside families through our A Brush With Kindness program. At the bottom of the housing collapse, Twin Cities Habitat’s Mortgage Foreclosure Prevention Program was working with hundreds of families a year to try and help them adjust their mortgage into something they could afford.