Tag: foreclosure crisis
Organized Tenants Are Baaaaack
After a lull in the 1990s, the tenants rights movement reemerged and has only gained strength. What caused the resurgence and what do tenants’ prospects look like?
Q: Did Extending More Credit to Subprime Borrowers Cause the Foreclosure...
There are people who believe that the foreclosure crisis occurred because too many unqualified borrowers became homeowners. What actually happened was ...
Staying Afloat by Branching Out
As the surge of crisis-level funding recedes from housing counseling agencies, they are looking to technology, fee-for-service arrangements, new partners, and types of counseling to keep themselves going. But can the tricky and highly detailed business of foreclosure counseling in particular survive the transition?
Interview with Wayne Meyer, President of New Jersey Community Capital
New Jersey Community Capital shakes up our ideas of how nonprofit housers can and should approach neighborhood stabilization
“Political Lift”: An Interview with Rep. Keith Ellison
As we head into the election home stretch, pieces of Rep. Keith Ellison's interview with Shelterforce in our latest issue keep coming to mind. Ellison...
Q: Did the housing crisis prove low-income people can’t be successful...
No! Two at-scale, long-term lending programs show that if the process is done right, low-income homeowners can be as successful as prime borrowers--or more.
Preserving New York’s Preservation Companies
Like many states over the past several years, New York has been implementing fiscal austerity measures to rein in expenses in the face of...
Anti-Foreclosure Neighborhood Stabilization Efforts
Reid Cramer of the New America Foundation chats with Shelterforce's Miriam Axel-Lute about anti-foreclosure neighborhood stabilization efforts.
A Balance of Discipline and Flexibility Is Key To CDC Efficacy
We must define the community development field in terms of impact and organizational structure and look at CDCs as facilitators of development, not just developers.
Occupied Owner
For decades, the United States government, pushed by its business partners in the financial and real estate world, "marched the nation into a delusion." The fantasy is that we can create wealth for millions of homeowners by enriching investors, brokerage and mortgage companies and Wall Street bankers "to the fullest extent possible with few boundaries."
Riding the Storm Out
The $3.92 billion Neighborhood Stabilization Program can spur recycling of the stock of abandoned and foreclosed homes produced by the mortgage crisis.
Rethinking the Rescue
This time of economic uncertainty presents an opportunity for the community development movement to reinvent itself.
Subprime’s Footprint
While immediate steps are necessary to stem foreclosures, a comprehensive solution requires a broader brush.
Walkin’ Blues
They say leaving home ain’t easy, but some homeowners in Florida find they have no other options.
More and more homeowners are finding ways to...
Running on Empty
For decades, community developers have relied on the power of markets to bring neighborhoods back, but they can't build their way out of the foreclosure mess.