From the Urban Institute:
The Impacts of Foreclosures on Families and Communities details what is known about how foreclosures adversely affect households and their neighborhoods — from children and the elderly to public safety and local property tax revenues. It also looks at policies, programs, and response strategies to prevent or mitigate the fallout.
The Impacts of Foreclosures on Families and Communities
(Research Report)
By G. Thomas Kingsley, Robin E. Smith and David Price
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"The foreclosure crisis is now having dramatic effects throughout America.
In mid-2008, recognizing that this phenomenon was still quite new, the Open Society Institute asked the Urban Institute to scan available research to document what we know about:
(1) the way foreclosures impact families;
(2) how foreclosures affect communities; and
(3) the efforts now underway, or being suggested, to address the crisis, focusing on actions at the local level.
This report presents the results of this review. A final section offers the authors' recommendations on priorities for additional research to fill important gaps in the knowledge base."
Posted to Web: June 22, 2009 - Publication Date: May 1, 2009