Social and Behavioral Sciences Commons^™

National Science Foundation Funded Project: "Collaborative Proposal: Decision Models For Foreclosed Housing Acquisition And Redevelopment", Michael Johnson, Jeffrey Keisler, Senay Solak, David Turcotte

Michael P. Johnson

The recent housing foreclosure crisis has had devastating impacts on individuals and their communities. To mitigate some of these impacts a number of community-based organizations are acquiring foreclosed properties in efforts to support neighborhood stabilization and revitalization. Examples of actions taken on these foreclosed properties include: land-banking, rehabilitation, demolition and re-sale or/re-rental. These actions have the potential to minimize blight, reduce unanticipated housing mobility, and provide affordable housing opportunities. However, the cost of pursuing any or all of these strategies to their fullest extent far exceeds the resources available to typical community-based organizations. In this research project, the PIs will …