PICO National NetworkBringing people of faith together to transform communities and the nation

• 52 local/regional member federations• 10 state power networks• 1,200 religious congregations• 210 network staff• + International work in Rwanda and Central

America (El Salvador and Guatemala)

Vicious cycle

Predatory lending

Unnecessary foreclosures

Underwater homeowners

Blighted REO

property

Revenue crises

Lack of access to

good credit

What can local governments do?

(5) Responsible banking policy

(4) Blighted property regulation

(1) Foreclosure mediation

(2) Renegotiate toxic swaps (3) Pilot

principal reduction

WE don’t have to sit on the sidelines as community leaders and local elected officials