Foreclosure Crisis Resources
This publication offers CDCs, local officials, and other stakeholders, including local institutional, business, and community leaders, a new way to look at how they can manage neighborhood change in order to bring about sustainable and equitable revitalization. It is based on a simple idea: The most powerful lever for neighborhood change is change in the demand for housing in the neighborhood. Change in the residential real-estate market can lead to a stronger, healthier neighborhood. At the same time, market change can take problematic forms, leading to undesirable outcomes. It can be driven by speculation, triggering little or no improvement in the communitys quality of life, or it can disrupt established communities, displacing long-time low- and moderate-income residents.
NeighborWorks America with StableCommunities.org, have released Post-Foreclosure Community Stabilization Strategies: Case Studies and Early Lessons 2008 that looks at 14 case studies, representing 13 different nonprofit organizations, outlining strategies that those nonprofits employ to help to begin repairing damaged communities.
Released in December 2008, the report aims to give several examples: organizations expanding access to capital; bulk acquisition of distressed or REO property; strategic interventions grounded in neighborhood plans; strengthening neighborhoods through strengthening families; and forming partnerships to improve access to technical assistance, capital, and distressed housing inventory.