Keepin’ It Real Estate: Allocating Stimulus to Land Banks

Image by emilio labrador via Flickr

Government shifting focus from big banks to community based organizations.

This investment directly into the real estate market highlights a new strategy in Washington’s fight against foreclosures, and one which is likely to grow in the coming years. That the federal government will increasingly be forced to take ownership — directly or indirectly through local organizations — is the subject of a recent piece I wrote on land banking for HousingWire, a mortgage and housing trade publication.

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