REGIONAL HOUSING FORECLOSURE SUMMIT
June 19, 2008
The Marriott Wardman Park Hotel

The tidal wave of housing foreclosures continues to inundate many communities across the U.S. and here in our region. It’s time for leaders in the nonprofit, public and private sectors to find solutions to help families in our communities.

Be a part of the solution! You are invited to The Foreclosure Crisis: A Regional Perspective summit. Hear new findings from a study on foreclosures and their regional impact and learn from other leaders in the field, who will share promising policy initiatives and best practices.

Presentations and Reports from the Summit:

• Foreclosures in the Washington DC Region Report
  John McClain, AICP and Lisa Fowler, PhD
• Foreclosures in the Washington DC Region, Appendix
• Presentation on Foreclosures in the Washington DC Region
  John McClain, Center for Regional Analysis, George Mason University
  
• Local and National Funders Respond to the Foreclosure Crisis Presentation
  Charles R. Henderson, Jr, Bank of America
• Virginia Foreclosure Prevention Task Force Presentation
  Bill Shelton, Virginia Department of Housing and Community Development
  
  

Summit Agenda

8:30 – 9:00 a.m. Registration

9:00 – 9:15 a.m. Welcome
Michael Knapp, Board Chairman, Metropolitan Washington Council of Governments, President Montgomery County Council

Hollis McLoughlin, SVP External Relations, Freddie Mac

9:15 – 10:00 a.m.
Foreclosure in the Washington Metropolitan Region: Letting the Data Speak for Itself
Experts on the local housing market will present up-to-the-minute statistics on foreclosure patterns throughout the region, and analyze the likelihood of future foreclosures.

John McClain, Senior Fellow and Deputy Director, Center for Regional Analysis George Mason University

10:15 a.m. – Noon Break-Outs
The Ripple Effect: How Foreclosures Open Pandora’s Box for Service Providers
The Wall Street Journal recently reported that mosquito-eating fish have been used in the swimming pools of foreclosed homes in California to prevent mosquito-borne illnesses. The unusual and unforeseen consequences of foreclosures, particularly on human service organizations, will be the focus of this session.

Mission Oriented Acquisition: Lessons from Here and Around the Country
Local government and/or nonprofit acquisition of REO properties can prevent neighborhood deterioration and meet the need for homeownership, workforce and special needs housing.

Refinancing: A Prescription for Foreclosure Prevention
The impending reset of subprime mortgages is a time bomb that can only be defused by proactive strategies for refinancing existing mortgages – including shared equity models and taking advantage of new federal programs.

Noon – 1:00 p.m. Lunch

1:00 – 2:15 p.m. Break-Outs
D.C., Maryland and Virginia Legislative and Regulatory Proposals
Variations in foreclosure laws and regulations impact best practices and tools for each state. Learn about existing rules and statutes and proposed changes in D.C., Maryland and Virginia .

Housing Counseling: Best Practices You Can Make Your Own
As the number of calls to housing counselors increases exponentially, so too have the lessons learned about best practices, which will be shared by experts and practitioners.

Local and National Funders Respond
Housing, human service and neighborhood funders are natural first responders to the foreclosure crisis. Funders share the development of their strategies and responses.

2:15 – 3:30 p.m.
Regional Leaders Respond
Mike Mills, Editor, Washington Business Journal — Moderator

Regional leaders join together for the first time to discuss individual and possible coordinated responses to one of the most important issues facing this region.

3:30 – 3:45 p.m. Wrap Up
Michael Knapp

Presented by the Metropolitan Washington Council of Governments
Sponsored by Freddie Mac

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