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Publications in this section document the impact of foreclosures and highlight tools and strategies for preventing foreclosures and stabilizing affected neighborhoods. The Center’s resources help communities access and interpret local data to develop foreclosure response strategies and identify promising practices for reducing foreclosures and using NSP funding and other tools to stabilize neighborhoods with concentrations of foreclosures.
All together, FHA, Fannie Mae, and Freddie Mac hold an REO inventory of over 92,000 homes upon which they have foreclosed. Housing markets across the country remain fragile, and many are burdened by large numbers of distressed homes for sale. In a laudable effort, FHFA and HUD have asked for ideas via a Request for Information (RFI) on how to dispose of that inventory. Therefore, the undersigned members of the Foreclosure Prevention and Neighborhood Stabilization Task Force offer several principles in response to the RFI to ensure that creative strategies to deal with the REO inventory protect and strengthen foreclosure-impacted neighborhoods.
This online guide to foreclosure prevention and neighborhood stabilization is developed and maintained by the Center for Housing Policy, KnowledgePlex, the Local Initiatives Support Corporation, and the Urban Institute. The Web site includes a comprehensive policy guide on strategies for preventing and responding to foreclosures, as well as access to interactive online discussions and tools that allow users to create customized data reports and maps to identify areas in which to target resources a