Live Radio
Residential foreclosures can pose an opportunity for local government and agencies to increase the amount of affordable housing in their communities. {mp3remote}http://media.krcb.org/audio/nbr/5-12-09.mp3{/mp3remote} 
The federal government's one-size-fits-all approach to the mortgage meltdown will not work everywhere in the country, says Erik Sten (right), a former City Commissioner in Portland, Oregon. He believes a more diversified strategy will be required.
Erik Sten was in Santa Rosa to speak at the Leadership Breakfast for the Sonoma County Housing Coalition, the kick-off event for their Affordable Housing Week . The Coalition has a full schedule of events planned throughSaturday, May 16.
Erik Sten's new enterprise is Further Development LLC, a start-up that is now gathering capital for a demonstration project to intercede and help overextended homeowners avoid foreclosure.
{mp3remote}http://media.krcb.org/audio/nbr/pilot.mp3{/mp3remote}
