2301 North Central Avenue
While the foreclosure crisis is starting to ease across Arizona and the country, neighborhoods still must reckon with the damage. Homes that once were owner-occupied are now owned by outside investors who rent them out. Homeowners who managed to stay in their homes lack resources. And neighbors who were the glue of some communities are gone. The result: neighborhoods have lost not only wealth but also have suffered declines in the quality of their built environment and in the social connections that made them work. While policy and fiscal assistance has focused on helping homeowners, the health of the neighborhoods has been neglected. Federal Reserve Bank of St. Louis economist William R. Emmons, Arizona State University geographer Deirdre Pfeiffer, and Mortgage Resolution Partners CEO Graham Williams visit Zócalo to discuss specific proposals for rebuilding neighborhoods—and the social connections that made them work.