Nonprofits and the Subprime Meltdown

[April 15, 2008]  In the subprime mortgage foreclosure fiasco, nonprofit organizations have stood out as relative successes compared to their counterparts in the for-profit financial sector and among federal government agencies. Every review I’ve seen of the affordable housing inventories of nonprofit community development corporations (CDCs) indicates minimal subprime mortgage foreclosure problems. Unlike the housing

Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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