Presentation made to the Asset Funders Network as part of their December 2005 launch meeting. The presentation includes an overview of Woodstock Institute and other organizations' research on the lack of affordable consumer emergency credit, as well as policy recommendations designed to help lower-income households avoid high-cost debt and build assets.

Marva Williams

This presentation, presented at the 2006 CFED conference, presents findings from a recent Woodstock Institute/NCRC report framing consumer and home mortgage debt as a dangerous threat to asset preservation.  It also examines the Consumer Rescue Fund, an innovative program administered by the National Community Reinvestment Coalition (NCRC) that employs several strategies that enable consumers to preserve home ownership in the face of foreclosure by high cost lenders.