Tag: foreclosure

Shelter Shorts, The Week in Community Development—Aug. 10

Union Power | A Clinic Moves To Serve Displaced Clients | On The Horizon-Sweeping Change To Financing Industry Regulation

Settling Homeless Families in Vacant Homes

Take Back the Land broke into foreclosed, vacant homes, performed repairs, and housed homeless families in them. The most hopeful lesson to draw from the land occupation and the squatting activities is that pressure can be applied anywhere.

Back in the Game: CDFIs Help 1- to 4-Unit Rental Housing...

After the housing crash, Chicago’s 1- to 4-unit rentals weren’t bouncing back in many neighborhoods. Three CDFIs came together to make it happen.

Exploring Foreclosure Through Art

In Minneapolis and Boston, artists help explore the losses (and gains) of foreclosure with work that supports advocacy and community building.

Q: Does Shared-Equity Homeownership Build Assets?

A: Yes! And keeps them safer than traditional homeownership does.

Interview with Senator Robert Menendez

Shelterforce talks with Sen. Robert Menendez about the ongoing federal response to the housing crisis, the Sustainable Communities Initiative, the Occupy movement, and more.

Interview with Ron Faris, Ocwen CEO

We speak with Ocwen CEO Ron Faris about why principal reduction makes business sense and some of the myths that get perpetuated about it.

Capital Markets & Neighborhood Stabilization: Introducing the New Issue

Mark Calabria, the director of financial services regulation at the libertarian think tank Cato Institute, said recently that while “there are disagreements over the...

Saving the Birthplace of Hip-Hop

A Bronx-based building known as the birthplace of hip-hop has been the subject of a high-profile tug of war between gambling real-estate investors and an eclectic yet powerful group of tenants, housing advocates, city agencies, local politicians, and hip-hop artists. The building’s well-publicized plight has helped shine a light on the threat predatory equity poses to affordable multifamily housing.

Can Lease-Purchase Save Us?

As developers struggle to find buyers for rehabbed affordable homes, many are looking to a lease-purchase model to expand the pool of potential owners. But lease-purchase is far more complicated than just an end-run around the credit crunch.

Best of Both Worlds

Permanent affordability and asset building might seem at first blush to be contradictory goals for a low-income homeownership program, but new research says in fact they can be achieved together.

No Cover for Making Home Affordable

We’ve long known that the administration’s collection of foreclosure prevention programs, known together as Making Home Affordable, has been underperforming, with government data indicating...

Taking Foreclosures to Task

All across the country, local governments, CDCs, community groups, and housing counselors are coming together to address the foreclosure crisis.

Tainted Loans: Fighting Toxic Mortgages in the Courts

It's not too late to treat toxic loans as the defective product they are.

How Did the Media Fail ACORN and Organizing?

Organizing has been under attack for years, but this time around, the media has been directly complicit in severely damaging one of most influential advocates for low- and moderate-income families in the country. How did the media miss the real story behind the assault on ACORN?

Operation Neighborhood Recovery

Urban Essex County, New Jersey, one of the hardest hit areas in the state by the ongoing foreclosure crisis, could be the laboratory for a reinvention of community development. A local CDC there has completed the successful acquisition, by way of an alliance of nonprofits, of 47 mortgages expected to foreclose with an eye toward stabilizing neighborhoods in some of the oldest suburban communities in New Jersey.

Modern Community Development for a Modern Crisis

A story about a nonprofit organization that achieved a large-scale bulk purchase of mortgages. The properties, all vacant and abandoned, and many deteriorated, are located primarily in the New Jersey municipalities of Newark, Orange, East Orange, and Irvington.