Tuesday, September 7, 2010

New Report-REO and Vacant Properties: Strategies for Neighborhood Stabilization.

Thanks to NLIHC for heads up on new report HERE from Federal Reserve Conference held last week on REO. 

Conference agenda HERE also has links to prepared remarks from several speakers, including HUD Secretary Donovan; in his remarks HERE he said that NSP 3 allocations will be made THIS week).

From Federal Reserve summary:
Report contains seventeen articles that examine a variety of neighborhood stabilization issues. The collection highlights both areas of need--such as for data, technology, and collaboration--and promising solutions from communities across the country. Examples include the Cuyahoga County, Ohio, land bank that holds vacant properties until they can be returned to productive use, and Boston Community Capital’s efforts to purchase foreclosed properties and sell them back to former owners or tenants using a licensed mortgage affiliate.
Originally created and posted on the Oregon Housing Blog.

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