The Foreclosure Crisis and Its Impact on Communities o Color: Research and Solutions
The Foreclosure Crisis and Its Impact on Communities o Color:Research and Solutions
Prepared or the Annie E. Casey Foundation
by James H. Carr, Katrin B. Anacker, Michelle L. Mulcahy
Since 2010, the Annie E. Casey Foundation has sponsored a national dialogue on the disparate impact o oreclosures on communitieso color. The goal o the oundation’s eorts is to increase the eectiveness o oreclosure mitigation initiatives through improvedcoordination and collaboration among national, regional, and local nonprot organizations, oundations, public sector agencies,and private sector rms with expertise in practice, technical assistance, research, and advocacy. The oundation is working to buildconsensus and coordinate action around a shared communications strategy, common research priorities, and policy and practicesolutions to the oreclosure crisis.A diverse group o high capacity leaders has been involved in conversations that, to date, include 145 individuals representing 90organizations. The oundation is supporting two related eorts: 1) a series o discussions and working groups to dene and coordinatecommunications, advocacy, research, and solutions; and 2) a unders’ network to align nancial support with strategies that addressthe disparate oreclosure impacts and support the solutions identied by discussion participants. The level o sustained engagementby the large and growing cohort o national, state, and local leaders, nonprot experts, and philanthropic interests in the oundation’swork is strong testament to their level o interest and commitment to develop and advance shared solutions to the crisis, particularly asrelated to communities o color.Representatives o 24 o the more than 90 organizations served on two subcommittees that addressed the oundation’s related eorts(Research and Solutions ) and drove the substantive discussions represented in this report. James H. Carr, with the National CommunityReinvestment Coalition, served as the chair or both committees. This report was jointly co-authored by Carr; Katrin B. Anacker, AssistantProessor at George Mason University in Arlington, Virginia; and Michelle Mulcahy, ormerly with the National Community ReinvestmentCoalition.
This paper addresses questions about the oreclosure crisis and its impact on communities o color. The Annie E. Casey FoundationForeclosure Research and Solutions Working Groups held initial discussions centered around the ollowing three broad goals:
The group next identied over 100 research questions that t the three broad goals, had not been discussed in the existing literature,and might be ruitul or uture research. They then identied potential solutions and ranked the research oci according to theirperceived importance. The eight questions that were ranked the highest were: