Will a New Lawsuit Force 'Slumlord' US Bank to Cleanup Its Act?

Jessica Garrison and Angel Jennings report on a new lawsuit filed this week by the City of Los Angeles that is part of "an aggressive attempt to deal with the urban decay caused by the housing crash."

1 minute read

July 18, 2012, 1:00 PM PDT

By Jonathan Nettler @nettsj


Marking the second time the City of Los Angeles has gone after a major bank for being a slumlord, officials announced civil allegations this week that, "found problems in the way US Bank handled 1,500
home foreclosures and cited more than 150 homes that had fallen into
disrepair. The city is demanding that the bank clean up vacant
properties and improve conditions for families living in others." 

According to Garrison and Jennings, "City officials say they want to hold banks that helped fuel the housing
boom responsible for the blight that rippled through the city after
those loans went bad."

"[S]eeking an injunction and potentially millions of dollars in
penalties and restitution from the Minneapolis-based financial
institution," the approach being pursued by Los Angeles is novel, but may set a precedent for cities seeking creative ways to deal with problems resulting from foreclosures. 

"Deutsche Bank and US Bank have argued that the blame for neglected,
foreclosed homes lies not with them but with loan servicers, who are
contracted to manage the properties."

Monday, July 16, 2012 in Los Angeles Times

Large blank mall building with only two cars in large parking lot.

Pennsylvania Mall Conversion Bill Passes House

If passed, the bill would promote the adaptive reuse of defunct commercial buildings.

April 18, 2024 - Central Penn Business Journal

Street scene in Greenwich Village, New York City with people walking through busy intersection and new WTC tower in background.

Planning for Accessibility: Proximity is More Important than Mobility

Accessibility-based planning minimizes the distance that people must travel to reach desired services and activities. Measured this way, increased density can provide more total benefits than increased speeds.

April 14, 2024 - Todd Litman

Rendering of wildlife crossing over 101 freeway in Los Angeles County.

World's Largest Wildlife Overpass In the Works in Los Angeles County

Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.

April 15, 2024 - LAist

View of downtown Seattle with Space Needle and mountains in background

Eviction Looms for Low-Income Tenants as Rent Debt Rises

Nonprofit housing operators across the country face almost $10 billion in rent debt.

April 23 - The Seattle Times

Rendering of Brightline West train passing through Southern California desert

Brightline West Breaks Ground

The high-speed rail line will link Las Vegas and the Los Angeles area.

April 23 - KTLA

Aerial view of gold state capitol dome in Denver, Colorado and Denver skyline.

Colorado Bans No-Fault Evictions

In most cases, landlords must provide a just cause for evicting tenants.

April 23 - Colorado Politics

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.