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.
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Barney Frank, the Massachusetts Democrat and chairman of the house Financial Services Committee, sits down with Shelterforce to discuss consumer protection, the future of Fannie and Freddie, the role of FHA, and rental housing and offers a challenge to advocates looking to effect change on the federal level.
Given the present realities of housing markets throughout the country and corresponding national efforts like the Neighborhood Stabilization Program (NSP), it is an appropriate time to focus on the positive […]
The $3.92 billion Neighborhood Stabilization Program can spur recycling of the stock of abandoned and foreclosed homes produced by the mortgage crisis.