Housing
A New Kind of Foreclosure Crisis Is In The Making
Some community development organizations think the foreclosure crisis is over, but there’s a new emergency within the more vulnerable segments of our population—and it is hitting the elderly particularly hard, says Lou Tisler, who recently left Neighborhood Housing Services (NHS) of Greater Cleveland after 12 years as executive director. That new crisis is tax foreclosures—the sale of a property due to unpaid tax liabilities.