Massachusetts’ Efforts to Address Foreclosed Properties
March 18, 2009
Massachusetts has been ahead of the curve in combating neighborhood deterioration as real-estate-owned (lender-owned) foreclosed properties increase. Affordable housing developers, community groups, municipal and state officials, and nonprofits have created a Foreclosed Property Task Force and an online database that is accessible by all the partners. The database is already improving decision making about where resources would have the most impact.
About the Authors
Prabal Chakrabarti,
Federal Reserve Bank of Boston
Email: Prabal.Chakrabarti@bos.frb.org
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