Charles Buki

Housing affordability is too often seen as the way to stabilize and revitalize weak markets. Neighborhood planning consultants Charles Buki and Elizabeth Humphrey Schilling argue that interventions in weak markets must encourage investment by improving market confidence.

The foreclosure crisis spreading across America has burdened cities and neighborhoods with value-draining vacancies and abandoned properties. To counteract the economic havoc they've caused, planners and policymakers must focus on restoring confidence in the market, according to neighborhood planning consultants Charles Buki and Elizabeth Humphrey Schilling.

The U.S. Department of Housing and Urban Development has a plan to help the nation's hardest hit homeowners and neighborhoods. But by concentrating assistance in the most devastated areas, few places will be saved, writes Charles Buki.

Foreclosures are blighting neighborhoods across the country. There's no question that something needs to be done. But to react effectively, the field of community development needs to carefully consider which areas should be targeted and how much can be saved, argues Charles Buki.

Neighborhoods -- their habits, their participants, and their values -- are what create and define value in a city and in a home. Cities need to embrace this fact if they want to preserve values and retain residents.