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Chapel Hill, N. C. – UNC’s Center for Community Capital and Center for Responsible Lending have teamed to conduct research into the causes and impact of the foreclosure crisis on low-income and minority households and communities

Researchers will draw on a uniquely broad dataset to document the effects of the crisis, particularly on low- and moderate-income homeowners and neighborhoods and on homeowners and neighborhoods of color, said Center for Community Capital Director Roberto G. Quercia.

“The research will provide an unprecedented understanding of the scope of the damage inflicted by the foreclosure crisis,” Quercia said. “As a result, we will be able to differentiate between the effects and the drivers of the crisis and explain how changing spatial and temporal contexts worked to produce failures as well as sustained homeownership.”

Results are expected by the end of 2011.

Mortgage finance is a key area of study for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. Part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill, the center offers data and analysis that helps policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people more effectively. For more information, visit or call (919) 843-2140.

Topics(s): Affordable Homeownership, Default, Bankruptcy, & Foreclosure, Mortgage Finance
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