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FORECLOSED NEIGHBORHOODS AND FRAGILE STREETS Codman Square and the National Crisis
[object Object],[object Object]
Background Information ,[object Object],[object Object]
Goals of Research ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
State, City, and Local Foreclosure Deeds (A foreclosure deed is the final stage in the foreclosure process.)  Number of Foreclosure Deeds per Year   2007 2008 2009 Massachusetts 7653 12,430 9269 Boston   703 1215 776 Dorchester 348 628 358 Codman Square Service Area 128 277 172
How many foreclosures have occurred in Codman Square? 2007: 128 foreclosure deeds 2008: 277 foreclosure deeds 2009: 172 foreclosure deeds
Is the Foreclosure Crisis Subsiding? ,[object Object],However,  foreclosure petitions  have gone up.  Families are still at risk.
Is the Foreclosure Crisis Subsiding? ,[object Object],[object Object],2007 2008 2009
[object Object],[object Object],[object Object]
[object Object],[object Object],Sustained Impact of Crisis
What’s happening to the foreclosed stock? ,[object Object],[object Object],172 foreclosure deeds issued in CSNDC’s service area in 2009
Who’s buying?  ,[object Object],[object Object],Who is an investor?  CSNDC defined an investor as an individual or organization that has purchased 3 or more foreclosed properties in CSNDC’s service area between 2007 and 2009.
Who’s Buying? ,[object Object],[object Object]
[object Object],[object Object]
Foreclosure Hot Spots and Fragile Streets ,[object Object],[object Object],[object Object],Multiple Foreclosures: Significant Percentage of Housing Stock:
Fragile Streets ,[object Object],[object Object],[object Object]
[object Object],Whitfield Street
[object Object],Browning Avenue
Fragile Streets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations: Responding to Foreclosures ,[object Object],[object Object],[object Object],[object Object]
Recommendations: Preventing Irresponsible Investor-Ownership ,[object Object],[object Object],[object Object],[object Object]
Recommendations – Stabilizing Fragile Streets ,[object Object],[object Object],[object Object],[object Object]
CODMAN SQUARE NDC 587 Washington Street, Dorchester MA 02124 617-825-4224 csndc.com

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Fighting Back Foreclosures Presentation 9 7 2010

  • 1. FORECLOSED NEIGHBORHOODS AND FRAGILE STREETS Codman Square and the National Crisis
  • 2.
  • 3.
  • 4.
  • 5. State, City, and Local Foreclosure Deeds (A foreclosure deed is the final stage in the foreclosure process.) Number of Foreclosure Deeds per Year   2007 2008 2009 Massachusetts 7653 12,430 9269 Boston   703 1215 776 Dorchester 348 628 358 Codman Square Service Area 128 277 172
  • 6. How many foreclosures have occurred in Codman Square? 2007: 128 foreclosure deeds 2008: 277 foreclosure deeds 2009: 172 foreclosure deeds
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23. CODMAN SQUARE NDC 587 Washington Street, Dorchester MA 02124 617-825-4224 csndc.com