Community-Based Interventions for Foreclosure Prevention and Mitigation

Research funded by Genworth Foundation

Center researchers evaluate the impact of four nonprofit organizations that received funding from the Genworth Foundation to implement foreclosure prevention and mitigation programs.

Project Overview

Nonprofit organizations were at the forefront of the foreclosure crisis. As such, they were in a position to identify interventions that would have the most potential to stabilize hard-hit neighborhoods and keep families in their homes. Housing counseling agencies were called on to shift their focuses to foreclosure prevention to stem the tide of defaults in their communities. These new services required additional investment and flexibility from the philanthropic community to quickly address the rising tide of defaults.

Seeking to complement the large-scale, federally driven responses with its own solutions, the Genworth Foundation provided flexible investments to local organizations that could best determine the needs of their communities and constituencies. It set out to test the viability of a ground-up approach.

The foundation selected four agencies with strong track records that presented bold strategies to combat foreclosure and increase financial literacy for first-time, lower-income and minority families.

To capture learnings from these investments, the foundation partnered with the UNC Center for Community Capital to measure the efficacy and efficiency of how these organizations used the foundation’s grants. A key objective of the research was to identify any replicable innovations.


The UNC Center for Community Capital conducts research and policy analysis on ways to make financial services work better for more people and communities.


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