Study Documents Foreclosure Impacts on Communities
The Impacts of Foreclosures on Families and Communities: A Primer
G. Thomas Kingsley, Robin E. Smith, David Price
The foreclosure crisis is now having dramatic effects throughout America. In mid-2008, recognizing that this phenomenon was still quite new,the Open Society Institute asked the Urban Institute to scan available research to document what we know about: (1) the way foreclosures impact families;(2) how foreclosures affect communities; and (3) the efforts now underway, or being suggested, to address the crisis, focusing on actions at the local level. This report summarizes a longer report presenting the results of this review.