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Transforming Foreclosed Properties into Community Assets

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Publication Date: December 2008

Publisher(s): Furman Center for Real Estate

Author(s): Josiah Madar; Vicki Been; Amy Armstrong

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Social conditions (Housing)

Keywords: mortgage foreclosures; neighborhoods; Affordable Housing

Type: White Paper

Abstract:

Last May, the Furman Center, with support from the Ford Foundation, convened leading housing researchers, policymakers, lenders, and nonprofit housing organizations to discuss how best to leverage public and private resources to reuse foreclosed properties in a manner that helps stabilize neighborhoods. The Furman Center has produced a White Paper, Transforming Foreclosed Properties into Community Assets, that documents that roundtable conversation, summarizes much of the discussion’s substance, and includes links to resources—ranging from existing research papers on related topics to listings of REO properties—that we hope will be useful to practitioners, researchers and policymakers involved in neighborhood stabilization projects.