An unprecedented foreclosure crisis

Don Walker for the Milwaukee Journal Sentinel on April 23, 2013:

WHEDA is working with the Northwest Side Community Development Corp. WHEDA has given the organization $2.5 million to help people whose homes are worth less than what they owe. The money will be used for research, to support homeowners in pre-foreclosure and to help homeowners rehab their homes.

Winston said that if the neighborhoods improve, it will “make it more attractive for companies to come in.”

Howard Snyder, executive director of the Northwest Side Community Development Corp., said the money will be directed to three specific neighborhoods near the north side’s 30th St. Corridor.

Snyder said he hopes to be able to target a total of 90 homes in the three neighborhoods.

WHEDA chief: city’s foreclosure problem is unprecedented