Rosengren, Eric

[S]een through the lens of community, however, foreclosure may be viewed as a symptom of broader problems affecting neighborhoods – such as high concentrations of unemployment, elevated crime rates, and poor code enforcement. Let me be clear; I am not saying that “the community is the problem,” but rather that, in this view, different communities will experience problems differently because of their different characteristics, requiring different solutions in many cases. The public policy solution for this problem may be to have more general revenues available for non-profits and local governments to address the problem in a more holistic fashion.