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Affordable Housing Rises Out Of Foreclosure Crisis

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Affordable Housing Rises Out Of Foreclosure Crisis

Economy

Affordable Housing Rises Out Of Foreclosure Crisis

Affordable Housing Rises Out Of Foreclosure Crisis

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  • <iframe src="https://www.npr.org/player/embed/97078505/97078475" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Lancaster, Calif., is a high desert community on the far outskirts of Los Angeles. Officials there are spending millions of dollars to fix up foreclosed properties and make them into affordable housing. The Department of Housing and Urban Development has announced $4 billion worth of grants to local development agencies nationwide to do the same thing.

Rob Schmitz of member station KQED talks with Renee Montagne about Lancaster's progress fighting the foreclosure crisis.

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