Earlier this year, the Federal Reserve Bank of San Francisco partnered with the U.S. Department of Housing and Urban Development and the University of Southern California to host Vision During Crisis: Reinventing Neighborhood Revitalization. The event, held in Los Angeles on March 1, 2012, was a call to action for principal stakeholders to create new approaches to neighborhood revitalization based on stabilizing the single-family foreclosure crisis. Participants were invited to reflect upon and define the new paradigm for neighborhood revitalization and participate in a focused discussion on rethinking the disposition policies of REO’s and the roles and priorities of traditional and non-traditional funding mechanisms.
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