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foreclosure crisis

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One man holds a microphone and raises his other hand while speaking outside, and behind him, a person holds a white and black sign.

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?

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Q: Did Extending More Credit to Subprime Borrowers Cause the Foreclosure Crisis?

There are people who believe that the foreclosure crisis occurred because too many unqualified borrowers became homeowners. What actually happened was …

Community Development Field

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?

Wayne Meyer, president of New Jersey Community Capital.
Community Development Field

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

Housing

“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 is both a committed advocate for […]

Did the housing crisis prove that low-income people can't be successful homeowners? No! Infographic follows showing delinquency and foreclosure rates for two at-scale low-income homeownership lending programs, which are below the general population. Image links to pdf version.
Homeownership

Q: Did the housing crisis prove low-income people can’t be successful homeowners?

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 struggling revenues. But what will be […]

Homeownership

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.

Community Development Field

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.

Policy

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.

Policy

Rethinking the Rescue

This time of economic uncertainty presents an opportunity for the community development movement to reinvent itself.

Housing

Subprime’s Footprint

While immediate steps are necessary to stem foreclosures, a comprehensive solution requires a broader brush.