Atlanta Regional Housing Forum to Focus on the Role of Single Family Mortgage Finance in Stabilizing Metro Neighborhoods

Successful recovery in Metro neighborhoods struggling with foreclosures and vacant homes is widely dependent on the availability of single-family mortgage financing. But the current credit market – tightening credit standards, higher mortgage insurance cost, and limited purchase/rehab loan products – is leaving many prospective buyers on the sidelines. 

Many neighborhoods in return are seeing increased investor activity. And while all investors are not irresponsible, some investor activity is being dominated by cash-purchases and investor owners who are renting these properties in poor conditions, or keeping them unoccupied and boarded up with intentions of flipping them later when values return.

Financing products and policies are needed to ensure that these struggling neighborhoods are not overrun by absentee landlords and vacant blighted homes.

If this topic is of interest to you, I highly suggest you attend the ARC’s next Regional Housing Forum on the morning of Wednesday, June 2.

The Atlanta Regional Housing Forum is a quarterly event that is organized by the Atlanta Regional Commission and the Atlanta Community Food Bank, and is focused on a different housing topic each quarter.  Each quarter the forum brings together affordable housing stakeholders and developers, citizens, neighborhood advocates, students, community developers, property managers, policymakers, and citizens. Each event usually draws approximately 100-150 people, and has truly become the region’s forum for discussing housing issues that are impacting us.  One of the best parts about the forum – it’s free. All that is asked is that you bring canned food items as a donation to the Atlanta Community Food Bank. 

The next forum’s topic is a timely one, and will be focused on this very topic –  the role of single family mortgage finance in stabilizing metro neighborhoods. This forum will be a forward thinking event aimed at helping the housing industry get a better understanding of the new world of residential lending, especially in Atlanta’s neighborhoods of concern, as well as help the housing community understand how to better support lenders in communicating the need for innovative financing products.

There is a strong panel of participants for this forum – speakers have been confirmed from Bank of America, Wells Fargo, Fannie Mae and the Federal Housing Administration (FHA). Don’t miss hearing firsthand what these panel participants have to say about the future of residential mortgage financing in our region.

Registration is free, and can be accessed here: 

http://events.constantcontact.com/register/event?oeidk=a07e2vppriw45eace7d&oseq=a0215ag5k60erb

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