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Beyond the Neighborhood Stabilization Program: How Foreclosure Recovery Can Foster Sustainable Communities

Through the Neighborhood Stabilization Program (NSP) and other stimulus programs, communities throughout the country have been able to launch or expand strategies that revitalize properties and neighborhoods vacated through foreclosures and assist households at risk of losing their homes. These funds are limited compared to the size of the problem, and the programs have an uncertain future. This means planning future revitalization activities will require broader thinking about neighborhood stabilization. It also is important to analyze the outcomes of current activities in this area. They vary dramatically--due to variables such as capacity, geography, and political leadership--and there are lessons to learn as we pursue replicable and scalable best practices.

Listen in to this conversation with Antonio Riley, the newly appointed midwest regional administrator for the U.S. Department of Housing and Urban Development, and Robert Grossinger, Enterprise Community Partners' new Chicago-based vice president for its National Community Foreclosure Response Initiative. The panel also includes two local trailblazers, David Pope, Oak Park's Village President, and Janice Morrissy, director of housing initiatives for the Chicago Southland Housing and Community Development Collaborative. They explore what we’ve learned, what policy changes we need, and new ways of doing business in today's struggling housing arena.

Recorded Tuesday, February 15, 2011 at the Metropolitan Planning Council Conference Center.

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