ADVISORY: From REO to Rental: A Remedy for the Housing Market?
September 14, 2011, 12:30 p.m. – 2:30 p.m.
About this event
Please join the Center for American Progress for a discussion of how the government can reduce the stock of foreclosed properties owned by the Federal Housing Administration, Fannie Mae, and Freddie Mac. A panel of housing experts will discuss one particularly promising approach: renovating these properties and converting them to affordable rentals. The event will feature a keynote speech by Sen. Jack Reed (D-RI), a leader on housing reform and an early proponent of this approach along with CAP.
The aim of this initiative would be to improve the government’s recovery of losses, help stabilize neighborhoods and local home values, and, where appropriate, increase the supply of affordable rental housing. If designed well, this approach could also improve the quality and energy efficiency of the government’s housing stock and create well-paying jobs in areas hit especially hard by the housing crisis.
How can this approach be designed to realize these benefits and overcome its many challenges? The Center for American Progress is bringing together a group of experts for a conversation about how this concept can work.
David Abromowitz, Senior Fellow, Center for American Progress
Senator Jack Reed, (D-RI)
Meg Burns, Senior Associate Director for Congressional Affairs and Communications, Federal Housing Finance Agency
Tom Eggleston, Principal, Real Property Management
Andrew Jakabovics, Senior Director, Policy Development & Research, Enterprise Community Partners
Thomas Skinner, Managing Partner, Redbrick Partners
Alon Cohen, Housing Policy Advisor, Center for American Progress
A light lunch will be served at 12:00 p.m.
RSVP for this event For more information, call 202-682-1611
Center for American Progress 1333 H St. NW, 10th Floor Washington, D.C. 20005
Map & Directions Nearest metro: Blue/Orange Line to McPherson Square or Red Line to Metro Center