We all need a place to call home. Increasingly, a safe, decent and affordable home seems beyond reach for many Americans still struggling with foreclosure. Thankfully, nonprofit organizations have remained at the forefront, helping households and communities address the profound challenges and disruptions precipitated by the crisis and subsequent recession.
We’re seeing overall trends of lower unemployment rates, improving house prices and reductions in foreclosures, but many communities that were hard-hit by the foreclosure crisis continue to struggle.
We should encourage bold prototyping, supported by a public-private finance system that emphasizes innovation, lifts up strategies that work best, and jettisons those that don’t. Specifically, we need an approach that rewards positive outcomes and encourages reasonable risk taking and experimentation among social sector service providers.
Student debt is a growing issue, particularly as it relates to for-profit colleges and low- and moderate-income students. In this post, Laura Choi highlights striking statistics on the student loan debt burdening our nation’s LMI students.