Managing the consequences of financial crisis: A long view of housing disposition

MacDonald, H

Managing the consequences of financial crisis: A long view of housing disposition

MacDonald, H

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Publication Type:: Journal Article
Citation:: Housing Policy Debate, 2012, 22 (2), pp. 201 - 218
Issue Date:: 2012-11-05

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Field	Value	Language
dc.contributor.author	MacDonald, H https://orcid.org/0000-0003-2105-5919	en_US
dc.date.issued	2012-11-05	en_US
dc.identifier.citation	Housing Policy Debate, 2012, 22 (2), pp. 201 - 218	en_US
dc.identifier.issn	1051-1482	en_US
dc.identifier.uri	http://hdl.handle.net/10453/22540
dc.description.abstract	Widespread housing foreclosures and the growth of real estate owned inventories impose significant negative externalities on local communities and their residents. An effective "disposition infrastructure" is needed to limit the damage, but historical efforts (in the HOLC and the RTC) and current experience (in the NSP and related programs) suggest this is a challenging task. Central among the challenges faced is that of managing private investor roles in the housing disposition process. Neither regulation nor funding alone is adequate to ensure that foreclosed homes are disposed of in a way that stabilizes rather than undermines neighborhoods. The article concludes by arguing that an effective disposition infrastructure may require a renewed discussion about lender responsibilities to local communities. © 2011 Virginia Polytechnic Institute and State University.	en_US
dc.relation.ispartof	Housing Policy Debate	en_US
dc.relation.isbasedon	10.1080/10511482.2011.648205	en_US
dc.subject.classification	Urban & Regional Planning	en_US
dc.title	Managing the consequences of financial crisis: A long view of housing disposition	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	22	en_US
utslib.for	1205 Urban and Regional Planning	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1605 Policy and Administration	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.issue	2	en_US
pubs.publication-status	Published	en_US
pubs.volume	22	en_US

Abstract:

Widespread housing foreclosures and the growth of real estate owned inventories impose significant negative externalities on local communities and their residents. An effective "disposition infrastructure" is needed to limit the damage, but historical efforts (in the HOLC and the RTC) and current experience (in the NSP and related programs) suggest this is a challenging task. Central among the challenges faced is that of managing private investor roles in the housing disposition process. Neither regulation nor funding alone is adequate to ensure that foreclosed homes are disposed of in a way that stabilizes rather than undermines neighborhoods. The article concludes by arguing that an effective disposition infrastructure may require a renewed discussion about lender responsibilities to local communities. © 2011 Virginia Polytechnic Institute and State University.

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http://hdl.handle.net/10453/22540