Neighborhood Stabilization and Revitalization
Many mortgage servicers and investors are holding large inventories of foreclosed single family residential properties and properties acquired through other title transfers, such as a deed-in-lieu of foreclosure. These properties are often concentrated in communities, and their continued vacancy can threaten neighborhood stability. This directory is intended primarily as a resource for banks and thrifts to help transition REO properties to productive use in ways that serve both the interest of the financial institutions and the communities in which these properties are located. The resource directory could also be useful for community development corporations, local governments, and other community development practitioners who are interested in stabilizing neighborhoods..
The contents of this resource directory are organized into the following categories.