Preventing Foreclosure Displacements by Becky Regan, Boston
A coalition of community advocates, legal aid organizations,
lenders, and low-income residents is keeping foreclosed
tenants in their homes and preventing neighborhood deterioration.
Vermont Cultivates Community through Gardening by Jim Flint, Friends
of Burlington Gardens
Burlington Vermont’s community garden movement,
among the first in the country, is teaching techniques
for sustainability far beyond city limits.
Preventing Urban Decay with Gardens by Matt Martin and
Zachariah Starnik, Stockyard Redevelopment Organization
Residents in a Cleveland neighborhood worked to keep
vacant properties from becoming a magnet for illegal
activities. Their gardens created a new food supply
while building community.
for Green Jobs by Sara Jade Pesek,
The 2009 American Recovery and Reinvestment Act, or stimulus, provided funding
for “green” jobs training programs. Organizations interested in participating
can learn from people who have actually developed and implemented such programs.
Why Few Lenders Are Modifying Loans by Paul Willen, Federal
Reserve Bank of Boston
Lenders and servicers have modified fewer mortgage
loans than expected. Research suggests that they prefer
to wait and see because delinquencies often right themselves
and some modified mortgages ultimately end in a more
Your House or Your Credit Card? by Ethan Cohen-Cole, University
of Maryland A new study shows that, contrary to conventional
wisdom, individuals will pay credit card bills even
at the cost of mortgage delinquencies or foreclosures.
The author elucidates the logic
behind their thinking.
the Unbanked: Perspectives
from South Africa by Daryl Collins, Bankable
Frontier, and Jonathan Morduch, New York University Research in South Africa suggests that low-income
families are often financially savvy—and that
cash flow is their most pressing need, not savings
or microlending vehicles. The insights can deepen understanding
of the unbanked worldwide
Fair and Cost-Effective Property Tax Relief by Daphne A. Kenyon, Ph.D.,
and Adam H. Langley In New England, which relies more heavily on
the property tax for public services than other U.S.
regions, many homeowners feel overburdened. When correctly
applied, property tax circuit breakers can protect
the most vulnerable.