Friday, August 28, 2009

Keepin’ It Real Estate: Allocating Stimulus to Land Banks

Ray of HopeImage by emilio labrador via Flickr

Government shifting focus from big banks to community based organizations.

This investment directly into the real estate market highlights a new strategy in Washington’s fight against foreclosures, and one which is likely to grow in the coming years. That the federal government will increasingly be forced to take ownership -- directly or indirectly through local organizations -- is the subject of a recent piece I wrote on land banking for HousingWire, a mortgage and housing trade publication.


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