Rand Institute Report on Foreclosure Problem Discussed in Deptford

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Rutgers University-Camden officials held a special event Monday to discuss ways to turn New Jersey's distressed properties into community assets.

On Monday, October, 22nd, officials with the Senator Walter Rand Institute for Public Affairs at Rutgers University-Camden held a panel discussion highlighting the results of their latest report titled "An Investigation of the Foreclosure Problem in South Jersey and Proposed Strategies for Turning Toxic Liabilities into Community Assets."

Officials say the goal of today's event was to expose community leaders to the findings in hopes of getting them to take part in the proposed initiatives to make a difference in South Jersey's economy and communities.

"We're hoping that those in attendance will join one of the initiatives, sign up, and help support this as we champion the issue," said Wanda Hardy, president and CEO of Financial Wellness Institute.

The Rand Institute report details the foreclosed housing challenge in South Jersey and the lack of workforce housing in the region, and proposes a set of efficient solutions to return these abandoned and foreclosed properties to the market.

To learn more visit rand.camden.rutgers.edu.


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