The Federal Housing Administration is on the brink of the next big government bailout. Potentially. Yet Commissioner Carol Galante insists there is strength ahead.
The industry has long known of problems with vacancy and blight, even before the latest housing collapse. Behind-the-scenes responses — including code enforcement and neighborhood outreach — have met varying degrees of success.
Housing is a very relevant and widely sought necessity, thus the state of the housing market is second only to the weather in terms of popularity as a topic of casual banter. The short answer to the question, however, is no.
In developing strategies for neighborhood stabilization, two issues predominate: the growing need for affordable rental housing and returning vacant foreclosed properties to productive use.
