Download important information about the Neighborhood Stabilization Program here.

 

FORECLOSURE RESOURCES

 

With the attention of the country turned towards the foreclosure crisis and the effect on urban and suburban neighborhoods nationwide, lessons learned from the Campaign’s technical assistance work in the field can provide a framework for addressing property abandonment caused by foreclosures around the country. It’s encouraging that pending federal legislation acknowledges the burden placed on neighborhoods in areas of high foreclosures and that localities need assistance to pursue activities that achieve true neighborhood stabilization. Dedicated leaders have been making significant strides in rebuilding communities, but left unchecked, the ongoing crises will undo years of investment and revitalization efforts. The ability to develop both short- and long-term strategies to allow for recovery in cities facing different market realities will be critical to preserving neighborhoods throughout the country. To start learning about important tools, visit our Strategies page.

Online Resources

There is a lot of available information detailing the multiple waves of the foreclosure crises and how cities and organizations are responding. To make it easier to for you, we’ve started to compile resources that are available online. Click here to find links to organizations, research, and news articles. If you have a good resource you think we should add, please contact us at vpdirector[at]smartgrowthamerica.org.

 

Resource Highlight: NSP Action Plan Database

The Neighborhood Stabilization Program (NSP) provided funding to help communities cope with the impacts of foreclosures as part of the Housing and Economic Recovery Act. States and localities that received direct allocations through NSP were required to submit written Action Plans to the U.S. Department of Housing and Urban Development by December 1, 2008 detailing how the funding would be used. Housingpolicy.org now hosts a database of these Action Plans. Click here to see how jurisdictions across the country will be responding to the mortgage foreclosure crisis.

 

Organizations Working on Foreclosure Issues

Information and Resources

FOCUS ON THE COMMUNITY IMPACTS OF FORECLOSURE

Learn about the organizations that are helping states and localities understand and cope with the impacts of foreclosure on their neighborhoods.

Center for American Progress
CAP provides links to news articles, reports, and policy statements/analysis. CAP, with Enterprise Community Partners, is also the joint developer of a proposal for a Neighborhood Stabilization Fund.

Center for Responsible Lending
CRL tracks major legislation related to foreclosure, posts relevant news headlines, provides resources for consumers, and offers state-by-state analyses of subprime loan and foreclosure trends and impacts.

National League of Cities
The NLC web site provides a variety of resources for localities, including relevant research and surveys conducted by NLC, newspaper articles, and information about how localities are coping with foreclosures.

 

More...

RESEARCH, PUBLICATIONS, AND WEBSITES
Read policy statements, research papers, and trend analyses examining the impacts of foreclosure on communities.

San Diego's Response to the Foreclosure Crisis (144kb PDF)

By Diane Silva-Martinez

San Diego City Attorney's Office

Intrametropolitan Patterns of Foreclosed Homes (4.8mb PDF)
By Dan Immergluck

Published by the Federal Reserve Bank of Atlanta

Stabilizing Communities: A Federal Response to the Secondary Impacts of the Foreclosure Crisis
By Alan Mallach

Published by the Brookings Institution

Blueprint for American Prosperity: Land Banking as Metropolitan Policy
By Frank S. Alexander

Published by the Brookings Institution Metropolitan Policy Program


More...

FOCUS ON FORECLOSURE PREVENTION
Find out what public agencies, nonprofit organizations, and national coalitions are doing to help consumers avoid foreclosure.

AARP
AARP provides information to consumers to help them avoid lease/buyback scams and predatory loans, and learn about bankruptcy and foreclosure counseling.

ACORN
ACORN runs a housing counseling program focused on foreclosure resolution, Home Equity Loss Prevention Program (HELP). It provides a hotline for consumers and has established relationships with specific lenders around foreclosure resolution. ACORN’s web site also provides some information about predatory lending for consumers.

Federal Trade Commission
The FTC provides information to consumers facing foreclosure, including a list of foreclosure prevention options/terms and how to prepare for a conversation with a loan servicer.

 

More...

IN THE NEWS

Link to articles detailing local and national conditions, trends, and initiatives related to the foreclosure crisis and vacant properties.

Note: Going forward, we'll be posting articles related to foreclosure on the home page.

Miami-Dade County OKs code rules on foreclosed homes

miamitoday.com, 12/4/08

Foreclosed homes give shelter to homeless

azcentral.com, 12/3/08

Foreclosure Response hits the streets to fight blight from vacant homes

mlive.com, 11/14/08

Neighborhoods step up foreclosure stabilization

stltoday.com, 11/13/08

Vacant homes on market edge upward
dsnews.com, 11/4/08

Denver neighbors team up to fix foreclosed homes
denverpost.com, 10/27/08

 

More...