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Capital Markets & Neighborhood Stabilization

The articles in this issue depart from our usual stomping grounds a bit to look at capital markets and how they are partnering or might partner with community developers. Here's how we came to be consorting with private equity firms and their kin.  · 

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    Distressed Mortgages for Sale

    Foreclosed properties have been flooding the auction block following the housing crisis. Less visibly, pools of distressed loans are also being sold off—and it’s a market ripe for partnership with neighborhood stabilization actors.  · 

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    Going Upstream

    If a lender won’t or can’t modify, why wait until they foreclose? Some groups are taking matters into their own hands with note purchases or short sale programs.  · 

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    Shelterforce Interview: Ron Faris, Ocwen CEO

    We speak with Ocwen CEO Ron Faris about why principal reduction makes business sense and some of the myths that get perpetuated about it.  · 

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    Stabilizing Urban Neighborhoods: Q&A with Elyse Cherry

    Boston Community Capital's SUN program has gotten a lot of media attention. How is it working and what's next?  · 

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    The Hard Part

    Reclaiming REO at a scale that protects neighborhoods will involve a delicate dance between ground game and national reach, and between nonprofit and for-profit capacities.  · 

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    Tackling the Challenge of Scattered-Site Rentals

    Attention is turning to single-family rentals as a way to keep a growing inventory of foreclosed properties occupied in a credit-constrained market. But scattered-site rental has long been considered a very tough nut to crack for nonprofit housing groups. How do those who make it work pull it off?  · 

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    Banking on Neighborhood Stabilization

    Even the most sophisticated private and nonprofit partnerships for dealing with vacant property will end up with some properties that don’t pencil out. Land banks can step in to keep those properties from dragging down revitalization efforts.  · 

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    Relaxing the Credit Crunch

    Three years after the financial meltdown, credit remains elusive in many underserved communities. Although the reliance on credit scores is greater now than it’s been in a decade, many housing activists and community lenders are arguing for other means to evaluate credit risk.  · 

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    A Blueprint for Responsible Homeownership

    A Massachusetts loan program gives lenders skin in the game while providing tools for responsible homeownership for lower-income borrowers.   · 

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    Interview: Sister Lillian Murphy

    For Sister Lillian Murphy of Mercy Housing, your mission must not be an excuse to make bad business decisions.  · 

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Winter 2011
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