foreclosure

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.

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.

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.

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 that less than $400 million of […]

It’s no secret that the federal government’s Home Affordable Modification Program, or HAMP, has produced lackluster results

The federal Neighborhood Stabilization Program is a welcome source of funds in struggling communities, and it has had a massive effect on the nature of the response to the problem of vacant foreclosed property. As NSP3 gets underway and the NSP1 obligation period comes to a close, Shelterforce looks back at NSP so far.

Community land trusts succeed in curing delinquencies and preventing foreclosures, and the numbers show it.

The Chicago City Council is considering legislation to hold lenders more responsible for properties they have foreclosed upon.

the Florida State Legislature was launching a $9.6 million effort intended to unclog the court system by establishing foreclosures-only courts across the state

Communities of color have always lagged far behind in homeownership, and foreclosures are making the situation worse. During the heyday of the subprime lending boom, borrowers of color were three […]

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

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