Programs & Events
Foreclosures and Neighborhood Stabilization in NYC
Date: Tuesday, May 5th 2009
Last May, the Furman Center convened leading housing researchers, policymakers, lenders, and nonprofit housing organizations to discuss how to best leverage public and private resources to reuse foreclosed properties in a manner that helps stabilize neighborhoods. A year later, in response to the worsening foreclosure crisis, the federal government has put in place new neighborhood stabilization programs that “provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.” At the May 5th breakfast, we continued the conversation we began last May with a particular focus on how the Neighborhood Stabilization Programs can work best in New York City. View the Program.
Panelists:
• Rafael Cestero, Commissioner, NYC Department of Housing Preservation & Development
• Salvatore D’Avola, Executive Director, Neighborhood Restore Housing Development Corporation & Restored Homes Housing Development Fund Corporation
• Josiah Madar (Moderator), Research Fellow, NYU’s Furman Center for Real Estate and Urban Policy
• Harriett Newburger, Community Development Research Advisor, Federal Reserve Bank of Philadelphia
• Brian Segal, Director, Neighborhood Stabilization, NYHomes
