Six Case Studies on Neighborhood Stabilization
In the face of large numbers of homes facing foreclosure – and limited resources – how did these communities target? Attack broad real estate markets: Phoenix; Tampa; Dayton Target resources in neighborhoods of heavy need: Oakland, CA Begs the question – which can only be answered years from now – of which has the biggest impact
Given scarcity of resources, cities need partners Funding: Dayton; Tampa – leveraged from financial institutions (Dayton also leveraged relationships re: REO) Skills: Development, sales, finance skills – Tampa with B of A CDC; Oakland and Dayton with nonprofits; Phoenix with ROI and developers
Housing markets don’t stop at the city line Few cities vigorous pursued regional approaches to foreclosures Dayton worked with other communities on info exchange and NSP II application Tampa and Phoenix had meetings with other local governments