Confronting the “Second Wave of the Tsunami”: Stabilizing Communities in the Wake of Foreclosures

Authors

Carolina Reid, Federal Reserve Bank of San Francisco 

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April 2, 2009

In July 2008, the Federal Reserve Bank of San Francisco convened a symposium in Los Angeles on the topic of stabilizing communities in the wake of foreclosures. The goal of the conference was to identify strategies that could help to mitigate the negative spillover effects of foreclosures on families and neighborhoods.