Foreclosures in our working class community are astronomical: Up 412% in 2005 & 186% in 2007. Los Nietos is in a financial and housing crisis. This has and will continue to be a heavy burden on families in Los Nietos. What will we do? Who will be there for families? How are families to survive? Leaders, we, must begin to address this issue, NOW!
The financial hemorrhaging has lead to large increases in drops in enrollment at schools due to migration. There are many implications that must be looked at.
Home foreclosures from 2005-2007
Zip Code: 90606
City: Los Nietos-Whittier
2005: 52
2006: 93
2007: 266
% change from 2005: 412%
% change from 2006: 186%
90670 Santa Fe Springs 26 52 97 273% 87%
Source:
http://lang.sgvtribune.com/databases/foreclosures.asp
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