The Associated Press reports that, as of last month, approximately 680,000 of homeowners who entered the federal government's mortgage relief program, have been disqualified. That's 51% of all participants, up from 48% the previous month.
Those figures, released by the U.S. Treasury Department yesterday, might reflect the complex nature of fixing the nation's housing crisis.
Formerly foreclosed upon, newly renovated homes might sit vacant as a result of stricter credit standards following the foreclosure crisis. That's the concern reflected in a survey conducted by NeighborWorks at a recent meeting in Philadelphia.
Two dozen non-profit organizations representing $740 million in Neighborhood Stabilization Program funds were polled.
“The concern is real and it is across the board,” said Thomas Deyo, Deputy Director of National Initiatives and Applied Research at NeighborWorks America.
(From left: Smart Growth Vermont Board Chair Robin Poole-Scheu; Vermont Housing Finance Agency Commissioner Gus Seelig; Smart Growth Vermont Executive Director Noelle MacKay; and Smart Growth Vermont's founder, John Ewing)
Vermont Housing & Conservation Board (VHCB) Executive Director and VHFA Commissioner Gus Seelig was presented with Smart Growth Vermont’s 2010 Arthur Gibb Award for Individual Leadership.
With close to 100 people registered to attend the November housing conference, we're beginning to see what workshops people consider the day's hot tickets.
In the morning session, "What Lies Ahead for Vermont's Housing Economy" is the most popular workshop, holding 40% of all registrations for that time-slot. Using the latest state-level data, panelists will quantify Vermont's current need for affordable housing, the role of real estate in the state's economy, and what local housing markets can expect in 2011 and beyond.