A recent report from Living Cities, entitled “Communities At Risk: How the Foreclosure Crisis Is Damaging Urban Areas and What is Being Done About It,” takes a closer look at the severity of these issues and highlights pilot projects in 10 different cities across the U.S. aimed at tackling foreclosure-related challenges.
The report outlines:
- How the housing crisis in some cities has kicked off a cycle of plummeting real estate values, increasing crime and dwindling municipal revenues;
- The innovative tactics that these 10 pilot projects have developed to fight for their communities, including becoming landlords, scaling back rehabs and backing demolition; and
- What government, the private sector and others must do to rebuild neighborhoods riddled with foreclosures.
Download the Report