Preserving Home Ownership

More than 2,500 St. Louisans lost their homes to foreclosure last year. Experts expect this year’s number to be even higher as the national credit crisis continues to worsen.

Because home ownership is one of the foundations of strong neighborhoods, it is very important to think of ways to help local families hang on to their homes.

Tomorrow, I plan to announce the details of a new initiative, St. Louis Alliance for Home Ownership Preservation, that partners the City with five local social service agencies.