Community Development Innovation Review

February 2014

Innovative Strategies for Mitigating the Foreclosure Crisis and Stabilizing Communities


The foreclosure crisis has been devastating to neighborhoods. Homes have been abandoned and fallen into disrepair, families have been displaced, and community anchors have been uprooted. The numbers are staggering. Since the crisis began in September 2008, approximately 4.5 million homes have been foreclosed, with roughly 2.1 million homes still in serious delinquency as of August 2013. Throughout, high-capacity, entrepreneurial nonprofit organizations have developed innovative solutions to stem the tide of foreclosures and stabilize affected communities.

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Other articles in this issue

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

Foreclosure Recovery: The Work That Remains