PUSH Wins Commitments from the Fed!

On Thursday, July 16th, PUSH Buffalo along with our national partner NTIC/National People's Action hosted members of the Federal Reserve in a community forum to support Community Reinvestment Act reform and the expansion of the Home Mortgage Disclosure Act and to respond to the foreclosure crisis. The meeting was held at Trinity Episcopal Church on Delaware Avenue. A panel of local housing expert spoke to the effect of the foreclosure crisis on Buffalo while testimony was given from neighborhood residents and PUSH leaders Ron Andrews and Eddie Egriu on how they have been personally affected by the foreclosure crisis and the subsequent need for lending reform, job creation, and bank regulation. The meeting was a huge success as PUSH & NPA won solid commitments from the Federal Reserve to: 1. Conduct regular meetings with the NY Fed 2. Expound on our demands of comprehensive CRA & HMDA reform and CRA investment as a means of employment generation and receive a written response from the Fed in 90 days regarding next steps. 3. A commitment from the NY Fed to assist PUSH in convening a meeting with local bankers and other decision makers in the Buffalo area to determine a strategy around job creation in our back yards! Buffalo was the second stop in an 8 city tour the Fed in on. The Fed agreed to this tour because of pressure put on Federal Reserve Chairman Ben Bernanke when NPA took 600 leaders from all across the country to his house to demand accountability for the foreclosure crisis. PUSH would like to thank everyone who helped, attended, spoke, and all of our panelists: Kevin Connor: Co-Director, Public Accountability Initiative, Kathleen Lynch: Supervising Attorney, Western NY Law Center, Anthony Armstrong: Program Officer, Local Initiatives Support Corporation, Bill O'Connell: Executive Director,Western NY Homeless Alliance, Beverly Moore: Housing Counselor, Buffalo Urban League, John Anderson: Buffalo Director, Neighborhood Assistance Corporation of America, Amanda Pascal: Syracuse United Neighbors, Joan Roby-Davidson: Coordinator, Empire State Housing Alliance, Micaela Shapiro-Shellaby: Community Organizer, Coalition for Economic Justice. A very special thanks to Syracuse United Neighbors for busing in twenty people to the event, go SUN!