Resilience in the Face of Foreclosures: How National Actors Shape Local Responses

by Todd Swanstrom, in Urban and Regional Policy and Its Effects, edited by Margaret Weir, Nancy Pindus, Howard Wial, and Harold Wolman (Brookings Institution Press, February 2012)

In his chapter in the volume, Swanstrom dives deep into the foreclosure crisis, tracing its sources, calculating its spillover effects to neighborhoods and metro areas, and exploring how best to respond to this crisis. He pays particular attention to the unintended effects of federal and state government on a most local issue.

A blog post here expands on the chapter, with Swanstrom calling for more flexible federal funds so metros can pursue their own targeted recovery strategies and build the capacity of local governments to take advantage of these federal dollars.

Volume 4 in the series introduces and examines the concept of regional resilience. The authors illuminate how the walls that now segment metro regions into political jurisdictions must be bridged in order for regions to cultivate resilience. In addition to a thorough overview of both regionalism and resilience, chapters examine how a regional perspective plays out in the foreclosure crisis, immigration policies, transit-oriented development, and in extending the social safety net to the suburbs, where poverty is increasing but social services are not.