Officials in Mexico are looking to crack down on rampant police corruption with an unlikely carrot: mortgages.
"Officers and prison guards in Michoacan state can now get special deals on houses and financing through a program designed to keep them out of the pockets of organized crime. The strategy is part of Mexico's desperate push to professionalize local law enforcement, infamous for extorting bribes at bogus traffic stops and providing security for drug lords."
"Through a partnership between a private homebuilder and the state, more than 4,000 police and prison guards who normally wouldn't qualify are eligible for mortgages on homes under construction outside Morelia, the state capital. The state provides the land and is repaid from the mortgage payments. The homeowners must pass background checks and forfeit the property if convicted of a crime."
FULL STORY: Mexico combats police corruption with mortgages
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As housing prices increase on the post-recession wave, many experts are asking people to reconsider the dream of buying and owning a home, especially if that means sinking too deeply in debt or sacrificing mobility.
House Poor: Low-Income Homeowners Struggle in the Shadows
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Federal Rule Change Lets Banks Include ADU Income in Mortgage Decisions
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Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
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The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
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BLM To Rescind Public Lands Rule
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Indy Neighborhood Group Builds Temporary Multi-Use Path
Community members, aided in part by funding from the city, repurposed a vehicle lane to create a protected bike and pedestrian path for the summer season.
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