The foreclosure crisis continues to peak, impacting health in low-income communities.
Date: 2009
The foreclosure crisis is a period of forced foreclosures by banks and other mortgage companies, which particularly impacts low-income and People of Color communities, especially in the South.
The foreclosure crisis follows a period of artificially low mortgage rates designed to increase home ownership for communities that are not generally able to afford property.
The loss of homes and entire neighborhoods disrupts families and communities, and impacts health in neighborhoods that are already experiencing the poorest health outcomes.
Displacement has been shown to result in health inequities, including psychological anguish and poor physical health.