Known Struggles
Case study interviewees noted that the neighborhoods most affected by foreclosures were already struggling before the crisis.
Using several case studies of neighborhoods undergoing revitalization efforts, this report delves into a more holistic understanding of what’s involved in community renewal and stabilization. Applying the principles of Responible Redevelopment, NeighborWorks — the government nonprofit and author of the report — presents the renewal efforts of several communities devastated by the 2009 foreclosure crisis while addressing the needs and rights of neighborhood residents.
Balancing the needs of all residents and stakeholders hurt by the foreclosure crisis is a daunting task. It is easy to let the voices of the weakest groups — low-income families, recent immigrants, renters — be drowned out by the groups with greater access to financial and political capital. Without a shared vision of what works and what needs to change, the weakest groups of residents will have a difficult time communicating their wishes and rebuilding their neighborhoods to match their needs.