Community Development Innovation Review

February 2014

Foreclosure Recovery: The Work That Remains


A crisis, even one as long-standing as this, is a fluid situation. Although foreclosure and delinquency rates are still high by historical standards, they are trending lower. Prices have increased dramatically from the trough. In the meantime, a new set of players, the investment funds, has a significant role in lower priced single-family markets. Now seems like the appropriate time for thinking about the next phase of this housing cycle. While the work on loan modifications and other resolutions of individual hardships must continue, the new and important challenge in this next phase will be to recapture investor-owned housing units in low- and moderate-income neighborhoods.

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Other articles in this issue

Innovative Strategies for Mitigating the Foreclosure Crisis and Stabilizing Communities

Policy Lessons from the Neighborhood Stabilization Innovations Initiative

Targeted Neighborhood Stabilization: Lessons in Resilience in Weak Market Cities

Scaling Social Enterprises: Flexible Responses for Neighborhood Stabilization

Rethinking Tenure: Building a Diverse Landscape of Affordable Housing Options

Strengthening Neighborhood Stabilization: Refining Business Models for Housing Counseling

The Federal Housing Administration’s Distressed Asset Stabilization Program: An Innovative Solution for Addressing the National and Local Impacts of the Recession

Reflections on the Crisis: The Need for Public Sector Entrepreneurialism

Affirmatively Furthering Fair Housing in REO-to-Rental Programs