Pittsburgh, PA – September 5, 2008 – (RealEstateRama) — More than 100 civic leaders across Greater Pittsburgh will convene next Monday morning in a coordinated effort to accelerate the battle against home foreclosures.
With foreclosure now a national epidemic and with the foreclosure rate inching upward in western Pennsylvania, a diverse group of clergy, employers, union chiefs, nonprofit heads, elected representatives and other influential citizens will meet at 11 a.m. Monday, September 8, on the 31st Floor of Regional Enterprise Tower (the former ALCOA building), 425 Sixth Avenue in Downtown Pittsburgh. Banding together, these community leaders will publicly unite to step up their collective effort to combat foreclosures.
Speakers at this important civic gathering will include Allegheny County Executive Dan Onorato; Pittsburgh Mayor Luke Ravenstahl; Brian A. Hudson, executive director of the Pennsylvania Housing Finance Agency (PHFA); and Saleem Ghubril, founder of the nonprofit group, The Pittsburgh Project and current executive director of the newly formed Pittsburgh Promise organization.
Detailed Action Kits will be distributed to participants at Monday’s event, which is designed to assist civic leaders in better understanding which families may be at risk of foreclosure, how they might be reacting to their situation and what can be done to de-stigmatize the process of seeking help in a timely fashion.
Monday’s hour-long event is the first of several foreclosure mitigation summits to be held in Pennsylvania, cosponsored by PHFA and the Federal Home Loan Bank of Pittsburgh (FHLBank) with the active support of local elected officials and area housing counseling agencies.
Media are invited to cover the foreclosure summit. Due to the nature of this event, broadcast crews are encouraged to stake out a shooting location early. Media will have access to all speakers immediately following the event, including access for live shots.