Board of Governors of the Federal Reserve System
REO and Vacant Property Strategies for Neighborhood Stabilization

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Agenda & Materials

Conference Publication

September 1, 2010

REO and Vacant Properties: Strategies for Neighborhood Stabilization (4.6 MB PDF) contains seventeen articles that examine a variety of neighborhood stabilization issues. The collection highlights both areas of need--such as for data, technology, and collaboration... Read More

Wednesday, September 1

10:15 a.m.


10:45 a.m.

Welcome and Opening Remarks

Governor Elizabeth Duke, Board of Governors

Introduced by Sandra Braunstein, Board of Governors

11:15 a.m.

National Overview of the REO Crisis

Mark Zandi,

11:45 a.m.

Panel #1: Fostering Healthy Regional Markets

Moderator: Richard Walker, Federal Reserve Bank of Boston


  • Dan Immergluck, Georgia Institute of Technology
  • Kai-yan Lee, Federal Reserve Bank of Boston
  • Michael Schramm, Case Western Reserve University
  • Carolina Reid, Federal Reserve Bank of San Francisco

1:00 p.m.

Luncheon and Keynote Address

Remarks by Secretary Shaun Donovan, U.S. Department of Housing and Urban Development

Introduced by Anna Alvarez Boyd, Board of Governors

2:30 p.m.

Panel #2: Industry Perspectives on REO Strategies

Moderator: Craig Nickerson, National Community Stabilization Trust


  • Jay Ryan, Fannie Mae
  • Yves Mombeleur, Chase REO
  • Rob Grossinger, Enterprise Community Partners
  • Terry Theologides, CoreLogic, Inc.

3:45 p.m.


4:00 p.m.

Panel #3: New Directions for the Neighborhood Stabilization Program (NSP)

Moderator: Ruth Clevenger, Federal Reserve Bank of Cleveland


  • Terry Gillen, City of Philadelphia
  • Karen Leone de Nie, Federal Reserve Bank of Atlanta
  • Amanda Sheldon Roberts, Enterprise Community Partners
  • Andrew French, Redevelopment Authority of Fayette County

5:15 p.m.

Day One Closing Remarks

President Charles Evans, Federal Reserve Bank of Chicago

5:30 p.m.


Thursday, September 2

8:15 a.m.

Continental Breakfast

9:00 a.m.

Welcome and Reserve Bank President Perspective

President Eric Rosengren, Federal Reserve Bank of Boston and President Sandy Pianalto, Federal Reserve Bank of Cleveland

Introduced by Alicia Williams, Federal Reserve Bank of Chicago

9:45 a.m.

Panel #4: Promising Approaches to Stabilizing Neighborhoods and Keeping Properties Occupied

Moderator: Allan Mallach, Brookings Institution


  • Harold Simon, National Housing Institute
  • Judy Jacobson, Mass Housing Partnership
  • Sarah Greenberg, NeighborWorks America

11:00 a.m.


11:15 a.m.

Panel #5: Overcoming Local Challenges: Boston and Cleveland

Moderator: Tammy Edwards, Federal Reserve Bank of Kansas City


  • Judge Raymond Pianka, Cleveland Housing Court
  • Frank Ford, Neighborhood Progress Incorporated
  • Evelyn Freidman, City of Boston
  • Elyse Cherry, Boston Community Capital

12:30 p.m.

Panel #6 and Working Lunch: Taking Stabilization Efforts to Scale

Moderator: Scott Turner, Federal Reserve Bank of San Francisco


  • Yolanda Chavez, U.S. Department of Housing and Urban Development
  • George McCarthy, Ford Foundation
  • Heidi Coppola, REO Clearinghouse
  • Frank Alexander, Center for Community Progress

1:30 p.m.

Summit Wrap-up and Next Steps

Joseph Firschein, Board of Governors

Last update: September 28, 2010