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HERA Funds Could Reduce Foreclosures and Rebuild Distressed Neighborhoods

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Publication Date: January 2008

Publisher(s): Indiana University. Center for Urban Policy and the Environment

Author(s): Seth Payton; John Ottensmann

Funder(s): Lilly Endowment

Funder(s): Lilly Endowment

Topic: Social conditions (Housing)

Keywords: housing; public finance; local government; nonprofit

Type: Brief

Coverage: Indiana

Abstract:

The Center does ongoing research on housing in Indiana and issues that affect local communities. This issue brief focuses on the Housing and Economic Recovery Act of 2008. This bill has provisions that will offer opportunities for state and local governments to strategically curb foreclosure growth and repair the damage from foreclosures in distressed communities.