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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.
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