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Detroiters plan rally against Citibank eviction

Published Jan 21, 2012 4:06 PM

The Moratorium NOW! Coalition to Stop Foreclosures, Evictions & Utility Shutoffs is spearheading an effort to save a popular downtown Detroit establishment located at 1515 Broadway. Besides being the residence of owner and proprietor Christopher Jaszczak (pronounced “jay-sik”) and his son, “1515” also serves as a theater, cafe, studio, coffee house, sound stage and meeting hall. The building provides meeting space for Occupy Detroit and other community activists.

Like hundreds of thousands of other Michigan residents and families, Jaszczak faced financial hardship from 2008 to 2010. He fell behind on his Citibank mortgage loan with its 11.25 percent interest rate. The building went into foreclosure and now Jaszczak is threatened with eviction.

Moratorium NOW!, along with the People Before Banks Coalition, Occupy Detroit and Occupy Our Homes, has called for a community rally at 1515 Broadway on Jan. 26 at 6 p.m.

A leaflet issued for this rally explains: “Chris Jaszczak’s income has recovered. He has made a reasonable offer to Citibank to pay down the arrearages if they would restore his mortgage at a standard interest rate. But Citi, a bank that has received tens of billions of dollars in federal taxpayer bailouts on express condition that they aid borrowers, would rather destroy a community institution than deal equitably with Chris. 1515 Broadway is now facing an imminent eviction.”

Organizers are urging the public to contact Citibank to demand it stop the eviction and reinstate Christopher Jaszczak’s mortgage at 1515 Broadway in Detroit. Please email Citigroup CEO Vikram Pandit at [email protected] and Citi Property Holdings President Richard Isenberg at [email protected]. Call Pandit’s cell phone at 646-512-4269 and Citigroup at 212-816-6000 (ask for Richard Isenberg).

For more information and to get involved in the struggle to save 1515 Broadway, call Moratorium NOW at 313-744-7912 or visit www.moratorium-mi.org.