Section 5: Beyond the Crisis

While Michigan’s dual mortgage and tax foreclosure crisis has dealt a powerful blow to residents, neighborhoods, communities and our economy as a whole, many communities are actually turning the challenge of this crisis into an opportunity to think more creatively about long-term development.

For many, the crisis has highlighted the need for more thought, care and attention to be paid to basic but important discussions about how to best use a community’s unique natural and cultural resources, whether to plan for population growth or shrinkage, how to create or build on a sense of place, attract and retain talent and move toward green and sustainable development going forward. These broader longer-term discussions are usually prompted by the need to do something with the overwhelming number of vacant properties plaguing so many of our communities. The strategies, resources and best practices outlined in this section are all designed to tackle this immediate challenge but with an eye to longer term development.

Strategy 1: Acquiring and Redeveloping Vacant Properties

Strategy 2: Long-Term Housing and Marketing Stabilization Strategies

Strategy 3: Comprehensive Land Use Planning

Strategy 4:  Starting Over After Foreclosure Toolkit

The Great Recession prompted increased job loss and housing instability. In support, local agencies offered foreclosure prevention assistance. However, after services, resources to assist become limited. Qualitative findings revealed the need to understand the household experience and identify situation appropriate supportive resources. A free online, research based, educational toolkit was developed to aid recovery. This eight unit resource includes credit rebuilding, the emotional aspects of housing instability, and housing options after foreclosure. A complementary, online, self-paced course is in development and will be released in 2016. This session will highlight both resources and provide an implementation strategy to reach families.


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