WAMU 88.5 : News

Filed Under:

Group Says Bank Did Not Help Virginia County Recover From Housing Crisis

Play associated audio
A group of protesters say that J.P. Morgan did not invest federal funds in helping Prince William County recover from the housing crisis.
WAMU/Armando Trull
A group of protesters say that J.P. Morgan did not invest federal funds in helping Prince William County recover from the housing crisis.

Fifty interfaith leaders and foreclosure victims working as part of the group Virginians Organized for Interfaith Community Engagement (VOICE) protested outside the J.P. Morgan Chase office in the District today.

The group says the bank has refused to invest in a $30 million federal pilot program to help Prince William County recover from the housing crisis, which saw 20,000 foreclosures. The group says J.P. Morgan Chase, General Electric and Bank of America were responsible for the bulk of those foreclosures.

“In Prince William County, Bank of America and GE have agreed to a join us in reapplying equity back into our community. JP Morgan Chase has said they are uncomfortable with putting a viable equity plan and money back into our community. They stripped $300 million from the community but they refuse to put $10 million back into the community. We want justice," said Dr. Keith Savage, a reverend from Manassas.

JP Morgan Chase officials tell WAMU they offered the project a $5 million loan, but VOICE rejected it. Additionally, the bank says it has provided $25 million in relief to more than 250 homeowners in Northern Virginia.

NPR

MTV's Rewinding The '90s With A New Channel

The '90s are back! Pokémon has taken over the world again. A Clinton is running for president. And now, MTV is reviving '90s favorites like Beavis and Butt-head on a new channel, MTV Classic.
NPR

Salvage Supperclub: A High-End Dinner In A Dumpster To Fight Food Waste

The ingredients — think wilted basil, bruised plums, garbanzo bean water — sound less than appetizing. Whipped together, they're a tasty meal that show how home cooks can use often-tossed foods.
WAMU 88.5

The Politics Hour – LIVE from Slim's Diner!

This special edition of the Politics Hour is coming to you live from Slim's Diner from Petworth in Northwest D.C.

NPR

Writing Data Onto Single Atoms, Scientists Store The Longest Text Yet

With atomic memory technology, little patterns of atoms can be arranged to represent English characters, fitting the content of more than a billion books onto the surface of a stamp.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.