Fair Housing - Foreclosure Prevention Task Force

At the local level, the Institute joined the City of Newark and the Essex County Division of Housing and Community Development to convene a working group of experts and advocates to address the problem of subprime mortgage foreclosures in Newark and surrounding areas.

Foreclosures, concentrated in particular neighborhoods in urban Essex County, lead to rippling negative consequences impacting not only the individuals facing the loss of their homes, but also other residents facing declining property values and problems associated with the presence of foreclosed and vacant buildings. The Newark/Urban Essex Foreclosure Prevention Taskforce immediately attracted widespread and enthusiastic interest from community groups and local and regional government and focused on research, public education and outreach, counseling, financial product development and legal advocacy.

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