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March 03, 2011

Cleveland Federal Reserve Bank article: "Slowing Speculation: A Proposal to Lessen Undesirable Housing Transactions"

pie chart of outcomes form homes sold out of foreclosure in Cuyahoga County, Ohio 2007-2009

An article from the Federal Reserve Bank of Cleveland titled, ""Slowing Speculation: A Proposal to Lessen Undesirable Housing Transactions" includes suggested readings from two reports published by the Center on Urban Poverty and Community Development: "Pathways to Foreclosure: A Longitudinal Study of Mortgage Loans, Cleveland and Cuyahoga County, 2005-2008" and "Beyond REO: Property Transfers at Extremely Distressed Prices in Cuyahoga County, 2005-2008".

The Center has worked closely with the Federal Reserve Bank of Cleveland and with the Cuyahoga Land Bank, also discussed in the article, and provides information to nonprofits and government programs for neighborhood stabilization, and bank foreclosure prevention and remediation programs via the property data portion of its Northeast Ohio Community and Neighborhood Data for Organizing (NEO CANDO)website, and through other research programs.

NEO CANDO is a free online database of social, property, and economic indicators combined with geographic data markers down to the neighborhood level, and mapping utilities, created and maintained by the Center on Urban Poverty and Community Development. The Center is one of several research centers at the Mandel School of Applied Social Sciences, a graduate school of social work at Case Western Reserve University .