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Journal Article
Learning from the past: the asset disposition experiences of the Home Owners' Loan Corporation, The Resolution Trust Corporation, and the Asset Control Area Program
While there is little to celebrate in the current foreclosure disaster, one potential silver lining in the large number of bank-owned properties is the opportunity to turn those properties into community assets. A May 2008 conference hosted by the Furman Center for Real Estate and Urban Policy at New York University and sponsored by the Ford Foundation brought together policy experts and practitioners to share best practices for "Transforming Foreclosed Properties into Community Assets." Most of the discussion focused on what can be done by partners working together at the local level. The ...