In trying to turn people into homeowners, the city of Cleveland's participation in a federally-funded home loan program greatly exacerbated its foreclosure crisis.
The Cleveland Plain-Dealer looks over recent real estate records to explore the city's role in aggravating the crisis.
"The city provided mostly low-income buyers with down payment loans of up to $20,000 through the federally funded Afford-A-Home program, but did little to determine whether the people could actually afford to keep their homes.
That lack of oversight persisted for years, even as hundreds of loan recipients defaulted on mortgages, many within two years, the newspaper found by analyzing property and loan records covering the period between 2000 and 2007."
Read the full story: How Cleveland aggravated its foreclosure crisis
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The A Home For Every Neighbor initiative successfully moves people into housing in under two weeks.
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
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Raised interest rates may kill financially vulnerable construction projects
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Greater Baltimore Committee
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Journal of the American Planning Association