Posts Tagged ‘foreclosure’
Treasury announces final allocation of $1B in Hardest Hit Funds
Thirteen of the 19 participating Hardest Hit Fund states will receive additional dollars allocated through a competitive application process that required state Housing Finance Agencies (HFAs) to demonstrate an ongoing need for additional funding to prevent foreclosure and stabilize markets. According to Treasury, states receiving additional funds under the final allocation submitted reasonable plans of…
Read MoreTreasury announces how $2 billion for Hardest Hit Fund will be allocated
Today, Treasury announced how it will allocate the additional $2 billion dollars for the Hardest Hit Fund (HHF) program approved by Congress last December. HHF funding will be allocated among participating States in two phases of $1 billion each. States have until December 31, 2020, to utilize funds, extended from the original deadline of…
Read MoreHow the zombie house crisis mutated and what cities are doing about it
Cross-posted from Next City, this article is one of a ten-part series inspired by the 2015 Reclaiming Vacant Properties Conference. Are there more zombies in our city than ever before, or are we just paying more attention to them? “Zombie properties” is a clever name to describe residential buildings that are neither alive nor dead: They are caught in…
Read MoreThe Next Frontier in Neighborhood Stabilization – The ReClaim Project
By Craig Nickerson, National Community Stabilization Trust and Rebecca Regan, Housing Partnership Network In numerous communities today, REO inventories are declining and overall foreclosure rates are at five-year lows; however, the importance of continuing the work of stabilizing hard hit neighborhoods is far from over. Many neighborhoods, often low- to moderate-income and multicultural communities, continue to…
Read MoreTax lien sales are no panacea for local governments
Cross-posted from Next City, this article is part of the 2013 Reclaiming Vacant Properties Conference liveblog series. Check out all the in-depth content — even if you weren’t able to join us in Philadelphia from September 9-11, 2013, you’ll feel like you did! Philadelphia Councilmember Bill Green recently floated the idea of selling tax liens to private…
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