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Can We Prevent Slumlords from Buying More Buildings?
Why should owners of buildings in illegally poor repair be able to buy more rentals? As Washington, D.C., found, it’s not the easiest thing to prevent.
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Capital Markets and Neighborhood Stabilization
It’s not often that a nonprofit housing developer sits down with a hedge fund manager, or someone from an investment bank who is outside of the philanthropic or CRA departments.
Changing the Conversation
Stretching across more than 20 U.S. cities, a new consortium called Occupy Our Homes is continuing to organize actions in neighborhoods where evictions, vacant properties, and foreclosures have had damaging effects.
Taking the Long View in Texas
What kind of city does Austin want to be? According to Imagine Austin, a new comprehensive city plan, it could someday be considerably different than the one it has been. […]
Detroit: Precise Associates
“When we try to stabilize neighborhoods, rather than being scattered in approach, we try to buy as many properties as possible in a given location and then protect our investment […]
Chicago: Mercy Portfolio Services, a subsidiary of Mercy Housing
“How do we knit together the capacity, whether it’s the developer, lawyers, title companies, lenders, and define the deal so that we can move properties with as much velocity as […]
Still Transforming Rental Assistance
HUD, in light of a recent capital needs study, will conduct a “rental assistance demonstration” rather than complete programmatic implementation of its Preserving, Enhancing, and Transforming Rental Assistance plan, which […]
What Affordable Housing Enforcement?
In 2010, New Jersey Gov. Chris Christie introduced legislation to abolish the Council on Affordable Housing, the enforcement body for New Jersey’s fair share affordable housing rules, which grew out […]
(Land) Bank of America?
“What we now have taking place in Cleveland is an ‘REO Race,’” wrote Frank Ford in our Fall/Winter 2009 issue, describing a “tsunami” of neglected, vacant, unmaintained properties affecting his […]
Uncle Sam Outdone by Ocwen’s SAM
This summer, mortgage servicer Ocwen Financial Corp. officially launched a mortgage principal reduction program for homeowners with negative equity.
Bank Fees of a Different Kind
A proposed bank accountability bill in California that had received considerable national attention has suffered something of a setback, but that doesn’t mean we’ve seen the last of it. Assembly […]
How Do You Choose?
How do community developers whose goals include neighborhood revitalization identify which businesses or other non-residential tenants (library, healthcare center) are likely to create the most positive momentum in a given area? It’s certainly more art than science. We asked a few long-time community developers for their thoughts.
Massachusetts CDCs
Massachusetts CDCs generated over $1 billion in economic investment from 2007 to 2010 — Massachusetts Association of Community Development Corporations’ annual Growing Opportunities, Assets, and Leaders (GOALs) report.