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Reduce Home Foreclosures

Foreclosures happen at an enormous cost to children and families, their communities, and state and local economics. In addition to an estimated $7 trillion loss in home equity, the collateral effects of the foreclosure crisis include significant reductions in household wealth, a $1.95 trillion drop in the value of neighboring properties, and a disproportionate impact on communities of color. Children in families experiencing foreclosure risk lower academic, health, and behavioral outcomes due to housing instability. Policymakers can help prevent these enormous economic and social costs of foreclosures by reducing home foreclosures.

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Smallest Victims of the Foreclosure Crisis: Children in the District of Columbia, a report by the Urban Institute, focuses on 2003-2008 foreclosure trends and their impact on the District’s children.