Foreclosure Event Recap (CMAP)
On May 6, 2008, the Chicago Metropolitan Agency for Planning, Metropolitan Mayors Caucus, and Federal Reserve Bank of Chicago hosted a conference to discuss how foreclosures affect communities, and to share strategies aimed at lessening the negative impacts of vacant buildings. "Taking Action: Local Government Strategies to Mitigate the Impact of Foreclosures on Communities" brought together more than 100 representatives from municipalities, county governments, and the housing and development field to share their experiences, successes, and challenges when facing the foreclosure crisis. Foreclosures affect more than just those who do lose their homes. The ramifications can be felt in the surrounding neighborhood, the community as a whole, and even the larger metropolitan region.