Study: Foreclosures have cost Minneapolis public schools $150M

The study by Neighborhoods Organizing for Change says schools have lost $150 million in state funding after thousands of students -- about 4,000 in total -- were forced to leave Minneapolis as a result of their homes falling into foreclosure.
Author:
Updated:
Original:

The study by Neighborhoods Organizing for Change says schools have lost $150 million in state funding after thousands of students -- about 4,000 in total -- were forced to leave Minneapolis as a result of their homes falling into foreclosure.

Next Up

17800380_1442884072431090_3800910198218671634_n

Sheriff: Woman entangled in farm equipment dragged through field

The woman suffered non-life-threatening injuries.

Byron Buxton

Alex Colomé wastes Buxton's diving catch, clutch bomb

The Twins' bullpen woes continued in a loss to the A's.

Northern Metals

Firefighters battling large blaze at Northern Metal site in Minneapolis

The fire sent a plume of thick smoke into the skyline.

Screen Shot 2021-04-21 at 12.10.00 PM

Charges: St. Cloud woman maced, fatally stabbed man in alley

A 36-year-old man was pronounced dead at St. Cloud Hospital 32 minutes after the 911 call was made.

gasthof

Gasthof's building in Northeast Minneapolis is for sale

The restaurant opened in 1992 and has been closed amid the COVID-19 pandemic.

ambulance

1 dead in single-vehicle crash in Kandiyohi County

Deaths on Minnesota roads are up approximately 20% from the same point last year.

Irwin Jacobs home

Neighbor sues to block estate from dividing billionaire's Lake Minnetonka property

The estate of Irwin Jacobs wants to build six new homes on the late businessman's property.

culver's

In the better burger battle, does Culver's trump In-N-Out?

A website says Culver's is far superior to In-N-Out.

Related

OccupyMN helps Plymouth woman with foreclosure

Ruth Murman's bank denied a two week extension on her home's foreclosure. KARE 11 says OccupyMN organizers circulated the story and filed a petition - within two hours Murman's bank granted the extension.

Anti-foreclosure group reports progress

Organizers with the group Occupy Homes say their efforts to help homeowners fight foreclosure are showing signs of success, MPR reports. The group's staged sit-ins at foreclosed properties have led to 40 arrests, including local rapper Brother Ali outside a Minneapolis home last month.

Metro foreclosures expected to jump

Despite a drop in foreclosures in the Twin Cities last year, 2012 will not likely be the year that the housing crisis winds down. The Star Tribune reports that a moratorium on processing new foreclosures has ended, which will likely increase the number of local foreclosures processed in the coming year.

Minneapolis schools to shift toward public transit

Over the next two years, Minneapolis Public Schools will move 4,900 high school students off yellow school buses and give them metro bus passes. The district sites flexibility for students as a main consideration. But, some parents worry about safety on public transportation.

Study: 'Nice' people have lower credit scores

The study by Time Magazine found that when it comes to personality and credit, nicer people tend to have lower credit scores than disagreeable and rude people.

Foreclosures are down in Minnesota, but the good news may not last

MPR reports one in every 336 homes was in default, repossession or scheduled for auction in the third quarter of this year. That could be a sign of more foreclosures to come.

Report finds Minnesota struggling to gain ground against foreclosures

A report from the McKnight Foundation finds the number of foreclosures prevented by housing agencies and advocacy groups is going up. But not quite as fast as the number of foreclosures.

Report: 8 percent of Minnesota mortgages end in foreclosure

The Center for Responsible Lending says Minnesota's foreclosure rate on bubble-era loans was higher than most other states. The report also found 5.5 percent of the Minnesota mortgages made during the housing bubble are delinquent.