2. PICO National Network Bringing 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)

4. Vicious cycle Predatory lending Unnecessary foreclosures Underwater homeowners Blighted REO property Revenue crises Lack of access to good credit

5. What can local governments do? (5) Responsible banking policy (4) Blighted property regulation (1) Foreclosure mediation (2) Renegotiate toxic swaps (3) Pilot principal reduction

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