Oct 2, 2017

10/02/2017: A $155 million bet to reduce evictions in NYC

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(U.S. Edition) Spain is in crisis this morning after Catalonia voted for independence. Hundreds of people were hurt after Spanish police used anti-riot tactics to disrupt the vote. We'll hear from the BBC's Gavin Lee, who's in Barcelona right now, about the steps that'll be taken going forward. Afterwards, we'll look at new "reverse mortgage" rules that'll make harder for retirees to take out loans against the equity of their homes. And finally, we'll discuss New York City's decision to invest $155 million a year on lawyers to represent low-income tenants.

Segments From this episode

New York is betting $155 million that it can cut evictions

Oct 2, 2017
A new law gives low-income residents access to free legal help in housing court.
Without a lawyer, tenants facing eviction are at a disadvantage, said Sergio Jimenez, an attorney at the nonprofit Brooklyn Defender Services.
Drew Angerer/Getty Images

Paris takes steps to become a more pedestrian-friendly city

Oct 2, 2017
As Paris becomes more pedestrian-friendly, suburban commuters who depend on their cars and some businesses raise concerns.
A pedestrian zone in central Paris. The city is taking steps to become more pedestrian friendly.
John Laurenson/ for Marketplace

New rules limit equity seniors can take out of their homes in reverse mortgages

Oct 2, 2017
Starting today , it’s going to be harder for seniors to take out loans against the equity of their homes — what are known as reverse mortgages. New rules are taking effect that limit the size of the loans — loans that many rely on as an additional source of income. Instead of 64 percent […]

(U.S. Edition) Spain is in crisis this morning after Catalonia voted for independence. Hundreds of people were hurt after Spanish police used anti-riot tactics to disrupt the vote. We’ll hear from the BBC’s Gavin Lee, who’s in Barcelona right now, about the steps that’ll be taken going forward. Afterwards, we’ll look at new “reverse mortgage” rules that’ll make harder for retirees to take out loans against the equity of their homes. And finally, we’ll discuss New York City’s decision to invest $155 million a year on lawyers to represent low-income tenants.

The team

Stephen Ryan Producer, BBC