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As Lenders Hold Homes in Foreclosure, Sales Are Hurt

SOURCE: The New York Times, 5/22/11

This New York Times article explores the issue of big banks holding large inventories of foreclosed homes and the impact this is having on the housing slump and economic recovery. The REO inventory is now almost twice as large as it was in 2007 and has surpassed 872,000 homes. Experts fear that ...

Strategic Planning for Stagnating Strips

SOURCE: Planetizen.com, 5/23/11

This story highlights strategies for addressing commercial, “strip” shopping centers that are stagnating because of demographic shifts and changes in residential preferences. Fifteen percent of these centers are struggling because of harsh economic conditions, posing an opportunity ...

Scattered Site Rental Toolkit: Business Planning for Development & Management

SOURCE: NeighborWorks America

NeighborWorks America's Community Stabilization Initiative is pleased to announce a new online resource, the Scattered Site Rental Toolkit: Business Planning for Development & Management, available at StableCommunities.org.  The Toolkit covers Goals, Neighborhood, People, Product, ...

A Citizen’s Guide to LEED for Neighborhood Development: How to Tell If Development Is Smart and Green

SOURCE: NRDC

This guide provides ideas for creative LEED-ND implementation and would be helpful to anyone who is interested in green practices. The guide teaches how to do neighborhood-scale green development, defines a sustainable neighborhood and describes the best locations in which to build. It describes ...

Should I Stay or Should I Go? Exploring the Effects of Housing Instability and Mobility on Children

SOURCE: Center for Housing Policy, MacArthur Foundation

This report examines the impact of affordable housing options on family life and compares the role that affordable housing has on residential stability. It looks at the mobility patterns of low-income families and the effects that these patterns have on children. Researchers wanted to see if ...

Five Tips to Designing a Great Façade Grant Program

SOURCE: The Commercial District Advisor; May 23, 2011

This resource page looks at planning effective façade improvement programs and ways to utilize funds effectively. Suggestions include providing a match, providing a bridge loan instead of reimbursements, simplifying reporting requirements, providing specific design guidelines, and using ...

The Homeownership Experience of Households in Bankruptcy

SOURCE: HUD

 This investigation looks at homeowners in bankruptcy, describes their experience and examines how often these households loose their homes to foreclosure. It explores the period of time between filing for bankruptcy and foreclosure, and describes also the lenders’ losses. It follows ...

First-Time Homebuyers Are Too Few in Number to Absorb Inventory Overhang

SOURCE: HousingWire.com, 5/19/11

Bulletin No. 10-02 A recent survey from Campbell/Inside Mortgage Finance says the number of available houses for sale still outpaces the number of first-time homebuyers entering the market. According to the survey, the percent of first-time homebuyers that are looking for a home is at 35.7%, ...

Significant Declines Seen in Late-State Delinquencies and Foreclosures

SOURCE: DS News, 5/19/11

Bulletin No. 10-02 According to the Mortgage Bankers Association, the proportion of delinquencies and loans that are 90 days or more past due dropped from 3.9% in the fourth quarter of 2010 to 3.5% in the first quarter of 2011. This is the fifth straight quarter that that percentage has ...

Collaborating to Expand Access to Capital

SOURCE: Neighborhood Housing Services of Orange County

Bulletin No. 10-02 This case study covers NHS of Orange County’s rehabilitation program, which used NSP round 1 funds to purchase 11 properties and NSP round 2 funds to purchase seven properties. NHS worked with the NCST First Look Program to find the properties, which are all condos ...

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