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Economic Crisis Leaving More People Homeless

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By : Leticia Carvalho    99 or more times read
As the economy makes its way down the drain, more and more individuals are being threatened by the lack of food supplies. Even worse, with a lot foreclosures going on, more families are also left homeless. Although not all cities of the United States are experiencing the situation, the twelve percent hike in homelessness is enough to declare the whole nation facing a serious problem.

Families who suddenly lose their homes to foreclosure end up renting rooms in motels or staying with colleagues and relatives. Even homeless shelters are filled with families. Homeless advocates claim this has never been experienced since the Great Depression. The crisis is not only evident on the homelessness but also on the increasing demand for assistance on emergency food supplies.

With the yearlong depression in economy being experienced by the nation, cities would have difficulty fighting the crisis with limited budget. Appointed czar of homelessness during the Bush Administration in 2002, Philip Mangano said it would not be necessary to wait for the final verdict to conclude what is already evident. Certain steps should already be taken to prevent an even worse situation.

According to Mangano, the Housing and Economic Recovery Act made in September allowed the availability of $3.92 billion available to help ease foreclosures. Twenty five percent of this budget was allocated for neighborhoods highly at risked homeowners of ending up with foreclosed homes.

In San Francisco, a huge 50 percent increase in homeless families has been recorded. With sixteen cities exhibiting a hike in the number of shelter homes being occupied by families who underwent foreclosure, San Francisco was considered to have had worst homelessness case.

President-elect Barrack Obama has spoken little of helping homeless families who are victims of the economic crisis. On the bright side, advocacy groups for the homeless have been calling for subsidies to be granted to homeless families and even help those who are at risk of losing their homes to foreclosures.
Leticia Carvalho has been educated in the finer points of the foreclosure market over 5 years.

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