As concern grows over the potential loss of community development and planning funds at the federal level, Indigo Bishop writes to remind us that communities have the networks and resources to make it through periods of scarcity.
Heard of food deserts? Some neighborhoods are banking deserts, where credit unions are the only reputable financial service providers. Now, these community institutions are getting easier access to federal recognition.
Our plan was to seek out community-based organizations trying to back away from developer fees, pursuing recent implications that smaller organizations should consider leaving development work to more efficient, larger ones. We found none.
The sale of distressed mortgages is far less publicized than talk of the market for foreclosed properties. But these loans are being actively traded—in 2011 this activity included 149,000 loans which translates to roughly $26 billion in trades.