Nonprofit Roundtable of Greater Washington - The Foreclosure Crisis & The Role of the Nonprofit Sector

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The Foreclosure Crisis & The Role of the Nonprofit Sector

Written by Amy Fishman, on November 20, 2009

Tuesday, the Nonprofit Roundtable brought together nonprofit leaders working on the issue of Foreclosure in the Greater Washington Area to come to consensus on the role of the nonprofit sector. The discussion centered around ways that nonprofits can work better to address the problem including improving collaboration between nonprofits, governments and banks. Collectively, the group decided on seven priorities for the nonprofit sector:

1. Advocacy in local jurisdictions to support housing counselors and increase consumer protection
2. Financial Literacy Training for new homeowners
3. Identify the needs of housing counselors and share best practices related to loan modifications.
4. Create a unified database to track statistics and reduce duplication of work
5. Increased and better outreach to homeowners in trouble including a media campaign, clinics and door knocking
6. Neighborhood stabilization and focus on reusing foreclosed properties for affordable housing
7. Better coordination and division of labor in the nonprofit response

Comment on this post or email us to share your own thoughts or suggestions about the role of the nonprofit sector in preventing and mitigating foreclosures.