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Ten smiling people of varying ages and skin tones, all clad in purple T-shirts, stand at the far side of a garden, all of them holding shrubby green plants in black pots to be planted in the dark-brown newly turned soil. Toward the near side of the garden, a shovel lies waiting to be deployed. Behind the garden is a brick building with a mural showing adults and children raising their arms, mouths open in song or chant.

Supreme Court Decision: Good for Homeowners, Bad for Land Banks?

A SCOTUS ruling that protects a homeowner’s equity may end up benefiting speculators and hurting land banks.

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Four charts and graphs illustrate how foreclosure rates are still higher than they were pre-crisis, and how recovery is slower in some neighborhoods. Image links to pdf version.
The Answer

Q: Isn’t the Foreclosure Crisis Over?

A: Not for everyone. Even after significant recovery, most of the country still has record high levels of . . .

Community Development Field

3 Reasons We’re Not Reaching Rural Communities

Rural communities are being ignored. Again. As discussion of the federal sequester and fights over funding dominate the news channels as well as policy discussions, key gaps in our ability […]

Does shared-equity homeownership build assets? Yes. And keeps them safer than traditional homeownership does. Various graphs and charts follow to back up this assertion. Image links to pdf version.
The Answer

Q: Does Shared-Equity Homeownership Build Assets?

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

Interview

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

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.

Community Development Field

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 diagnosis of the [housing] problem, there […]

Housing

Distressed Mortgages for Sale

Foreclosed properties have been flooding the auction block following the housing crisis. Less visibly, pools of distressed loans are also being sold off—and it’s a market ripe for partnership with neighborhood stabilization actors.

Reported Article

Going Upstream

If a lender won’t or can’t modify, why wait until they foreclose? Some groups are taking matters into their own hands with note purchases or short sale programs.

Health

Do Foreclosures Make Us Sick?

New research shows a direct correlation between foreclosure and hospitalization, adding another way that foreclosures have a disparate effect on low-income communities and communities of color. The study, Is the […]

Housing

The Sword and the Shield

Boston’s City Life/Vida Urbana is finding success by turning conventional wisdom on its head and entering the picture after a foreclosure has taken place.

Policy

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.

Housing

Fighting Predatory Equity

When predatory equity investors take a gamble on multifamily housing, it’s the tenants who suffer — whether from harassment or crumbling buildings. Advocates and tenants in New York have won the fight to get some of these buildings into responsible hands, but many are still in limbo, and some are reentering the cycle of speculation.