Managing the consequences of financial crisis: a long view of housing disposition
Heather MacDonald
Housing Policy Debate, 2011, vol. 22, issue 2, 201-218
Abstract:
Widespread housing foreclosures and the growth of real estate owned inventories impose significant negative externalities on local communities and their residents. An effective “disposition infrastructure” is needed to limit the damage, but historical efforts (in the HOLC and the RTC) and current experience (in the NSP and related programs) suggest this is a challenging task. Central among the challenges faced is that of managing private investor roles in the housing disposition process. Neither regulation nor funding alone is adequate to ensure that foreclosed homes are disposed of in a way that stabilizes rather than undermines neighborhoods. The article concludes by arguing that an effective disposition infrastructure may require a renewed discussion about lender responsibilities to local communities.
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/10511482.2011.648205 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:houspd:v:22:y:2011:i:2:p:201-218
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RHPD20
DOI: 10.1080/10511482.2011.648205
Access Statistics for this article
Housing Policy Debate is currently edited by Tom Sanchez, Susanne Viscarra and Derek Hyra
More articles in Housing Policy Debate from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().