The Impacts of Foreclosures on Families and Communities

Research Report

The Impacts of Foreclosures on Families and Communities

Abstract

The foreclosure crisis is now having dramatic effects throughout America. In mid-2008, recognizing that this phenomenon was still quite new, the Open Society Institute asked the Urban Institute to scan available research to document what we know about: (1) the way foreclosures impact families; (2) how foreclosures affect communities; and (3) the efforts now underway, or being suggested, to address the crisis, focusing on actions at the local level. This report presents the results of this review. A final section offers the authors' recommendations on priorities for additional research to fill important gaps in the knowledge base.

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