Programs & GrantsNeighborhood Stabilization
The Open Society Institute Neighborhood Stabilization Initiative supports effective and timely responses to the national subprime lending and foreclosure crisis. As part of OSI's Equality and Opportunity Fund, the initiative advances that fund's mission to eliminate barriers that prevent people from participating fully in economic, social, and political life and to ensure that the benefits and burdens of society are shared equitably.
Because homes are often a family's strongest financial asset, opportunities for homeownership are closely linked to wealth creation and financial security, particularly for African American and Latino households. The current subprime and foreclosure crisis threatens to reverse the substantial gains in minority homeownership that the country has witnessed in recent decades. The Neighborhood Stabilization Initiative supports a range of systemic reform efforts aimed at promoting sustainable homeownership, mitigating the impacts of the current crisis, and preventing its recurrence in the future.
