Richmond, California Fights Foreclosures
Taking the foreclosure crisis into its own hands, the city of Richmond is threatening an unprecedented use of eminent domain to bail out residents with underwater mortgages. The move is being contested vigorously by banks, but proponents say it would allow residents to refinance their homes at current market values and prevent future foreclosures. Eminent domain is the acquisition of private property for public use.
Also on KQED.org this week ...
Drought Watch 2015: Record-Low Sierra Snowpack
The Sierra Nevada snowpack, which typically supplies nearly a third of California's water, is showing the lowest water content on record: 6 percent of the long-term average for April 1. That shatters last year's low-water mark of 25 percent (tied with 1977).
"Boomtown" History of the San Francisco Bay Area
KQED's "Boomtown" series will seek to identify what is happening in real time in the current boom, and also draw out the causes and possible solutions to the conflicts and pressures between the old and the new.