How to keep affordable apartments and single-family homes out of the hands of institutional investors if the coronavirus pandemic leads to a giant wave of evictions and foreclosures.
Stable housing is crucial during a pandemic. Front-line providers and local governments are moving to address the impacts, but they need more federal funds
Union Power | A Clinic Moves To Serve Displaced Clients | On The Horizon-Sweeping Change To Financing Industry Regulation
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.
Mark Calabria, the director of financial services regulation at the libertarian think tank Cato Institute, said recently that while “there are disagreements over the...
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.
It's not too late to treat toxic loans as the defective product they are.
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?
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.
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.