When Investors Buy Up the Neighborhood

As most REP blog readers know, the foreclosure crisis has disproportionately impacted low-income communities of color, homeowners and tenants alike.  An outgrowth of the crisis has been the surge of investors buying up foreclosed properties.  In many low-income communities with high foreclosure rates, investors purchase foreclosed properties and become absentee or irresponsible owners, causing neighborhood decline.

This week, Policy Link published a report “When Investors Buy Up The Neighborhood: Preventing Investor Ownership From Causing Neighborhood Decline.” The report presents best practices and advocacy tools from across the country to combat the adverse affects of irresponsible investor homeowners.  This report is a great asset for advocates and communities fighting for community stabilization, despite the ongoing foreclosure crisis.