Accelerating America's Housing Recovery
The housing and foreclosure crisis continues to impede a strong economic recovery in the United States. More than four million people have lost their homes due to foreclosure, and today nearly 11 million homeowners owe more than their property is worth. By linking financial institutions and investors with state and local governments, mission-driven housing organizations, and real estate companies, the Housing Recovery Working Group will propel the cross-sector approaches required to respond to the complex challenges surrounding distressed residential properties.
Foreclosure Alternatives Innovative financing instruments and collaborative partnerships are creating new pathways to advance economically efficient alternatives to foreclosure.
Responsible Investing As both large and small investors rapidly enter the residential real estate market, it is necessary to highlight best practices and elevate industry standards to ensure that private capital has positive impacts on local communities.
Thriving Communities Accelerating recovery in the hardest hit regions requires investments beyond housing, including innovative approaches to community revitalization and sustainability.
Targeted Market Strategies New and responsible investment and financing strategies are required to drive recovery where the market alone has not stabilized neighborhoods or promoted revitalization, particularly in low-income communities.
Scale Maximizing impact requires strategies that scale and replicate the most promising public and private housing recovery and foreclosure prevention programs.