Brief

This 4-page fact sheet hones in on one hot-button topic: Foreclosures. Readers will learn the issue’s highlights in fast succession, including why foreclosures are crippling America’s families and communities, how we ended up in a housing crisis, and what the Foundation is doing to ease foreclosure fallout while helping families avoid similar fates in the future.  

August 1, 2009

Building Family Economic Success Fact Sheets

In This Report, You’ll Learn

  1. 1

    About the Foundation’s Family Economic Success agenda.

  2. 2

    7 factors that have contributed to the foreclosure crisis.

  3. 3

    5 ways Casey is aiding families and communities with foreclosure.

  4. 4

    Where to learn more about foreclosure fallout and prevention.

Key Takeaway

In 2009, about 1 in every 3 foreclosed homes was occupied by someone other than the owner.

The foreclosure crisis is a national issue that the Annie E. Casey Foundation is tackling at the local level. Current strategies include: 1. Enhancing mortgage counseling efforts; 2. Increasing utilization of federal funds aimed at stabilizing neighborhoods; 3. Promoting programs and policies that aid renters facing foreclosure; 4. Expanding legal assistance for homeowners; 5. Boosting the capacity for data-driven change. 

One population the Foundation is determined to help? Renters. In 2009, about 1 in every 3 foreclosed homes was occupied by someone other than the owner. While their vulnerability is clear, families who rent have received the least support and attention during the foreclosure crisis. 

Findings & Stats

Statements & Quotations