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Should Everyone Have a Decent Home? Obscure HUD Document Suggests No
A call for research proposals on reducing housing demand suggests a radical and troubling shift that may be coming in housing policy.
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A Partial Win for Post-Katrina Mississippi
The Mississippi State Conference of the NAACP has reached an agreement with the U.S. Department of Housing and Urban Development and the state of Mississippi to appropriate $132.8 million in […]
The Disproportionate Impact of Foreclosures
Communities of color have always lagged far behind in homeownership, and foreclosures are making the situation worse. During the heyday of the subprime lending boom, borrowers of color were three […]
Another Post-War, Middle-Class Enclave in Default
First it was New York City’s Cooper Village and Stuyvesant Town, and now, another enclave built by Metropolitan Life in the 1940s for veterans and middle-class families has run into […]
Countrywide Sued Again
Illinois attorney general Lisa Madigan has filed a lawsuit against Countrywide, alleging it steered African-American and Latino borrowers into subprime mortgages and charged them more for them. Madigan’s office conducted […]
Attention Underwriters
According to Deutsche Bank, 20 million homeowners might be underwater by 2012. Turns out of those 20 million, those with the most expensive homes are actually more likely to walk […]
Little Living Goes a Long Way
As Seattle continues its efforts to expand its affordable housing stock (and housing options), tiny so-called cottages are popping up in its backyards. The city recently changed its zoning rules […]
A Roadblock in Manhattanville
Columbia University’s plan to expand its Harlem campus north into a 17-acre parcel currently occupied by warehouses and auto repair shops was put to a halt by the New York […]
Permanent Mortgage Modifications Fall Short of Expectations
Only a very small fraction of mortgage modifications made under the $75 billion Making Home Affordable program have been made permanent, triggering some tough talk from the Obama administration, but […]
Starrett City Stays Affordable
Starrett City, the largest federally subsidized housing complex in the country, will remain affordable for another 30 years, easing the minds of residents worrying that a proposed sale would cause […]
The Nitpicker’s Guide to Foreclosure Mitigation
First, it was judges like Justice Arthur M. Schack of the New York Supreme Court, who made waves by tossing foreclosure motions because he found a rising level of errors […]
Ruling A Step Toward A “Fully Integrated Society”
In August, New York State’s Westchester County entered an agreement that could result in dozens of towns and villages within its borders to aggressively promote fair housing. The agreement, the […]
High Stakes Deal Turns Precarious
In 2006, Shelterforce reported on the $5.4 billion sale of two colossal apartment complexes — Stuyvesant Town and Peter Cooper Village — on Manhattan’s east side, representing the biggest real […]