News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Area Agency on Aging 10B, Inc.

Wayside Furniture

The Holden Arboretum


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Ohio says locals should get a piece of the JP Morgan foreclosure settlement
Advocates say they've been dealing with the mess, and know the solutions
Story by NICK CASTELE


 
Jim Rokakis says local communities know best the way to deal with the mess left by mass foreclosures.
Courtesy of FILE PHOTO
Download (WKSU Only)
In The Region:

A group of current and former elected officials in Ohio are hoping the state will get a chunk of last year's $13 billion settlement between JP Morgan Chase and the U.S. Justice Department. For Ohio Public Radio, WCPN’s Nick Castele reports they've asked the company to set aside money to demolish vacant houses.

LISTEN: Ohio's plans for a share of the JP Morgan settlement

Other options:
Windows Media / MP3 Download (0:58)


The plan asks for $200 million to go to Ohio -- most of it to knock down houses that the foreclosure crisis left empty and deteriorating. Other funds would support renovation, prevent future foreclosures and revamp vacant land.

The proposal has the support of Congresswoman Marcy Kaptur and Ohio’s two senators, Sherrod Brown and Rob Portman.

Former Cuyahoga County Treasurer Jim Rokakis heads the Thriving Communities Institute, which wrote the plan. He says JP Morgan Chase should give locals discretion over the money. 

 “They helped to create this mess, and if they’re serious about a solution, then they have to listen to us,” he says. “We’re the folks on the ground who understand the impact of this disaster.”

A spokeswoman for JP Morgan Chase wouldn’t say whether the company supports the idea. An emailed statement says part of the settlement money is “designed to go directly to struggling homeowners and prospective homebuyers” and makes no mention of demolitions.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

White Castle is closing its five Northeast Ohio restaurants
you should open a white castle in logan ohio.i'm pretty sure you disappointed,thank you...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University