Let’s face it, some of the cities that have been hardest hit by the foreclosure crisis won’t recover this decade and will be lucky to recover in the next decade unless something drastic happens. This issue is addressed in an exhibit currently on display at the Museum of Modern Art (MOMA) – Foreclosed: Rehousing the American Dream.


“The workshop and exhibition are premised on reframing the current crisis as an opportunity, an approach that is in keeping with the fundamental American ethos where challenging circumstances engender innovation and out-of-the-box thinking. It is our hope that new paradigms of architecture and regional and transportation planning become the silver lining in the crisis of home ownership.” Source: MOMA


Exhibits on display feature office and residential space built on existing streets to create a walkable and more condensed community. This addresses the urban sprawl issue while basically eliminating the need for a commuter vehicle. With gas peeking into the $4.00+ per gallon range in certain pockets of the nation, anything that reduces or eliminates the need for a car sounds good to me.


Photo: JefferyTurner/Flickr

Watch: A different approach to the foreclosure crisis
An exhibit on display at the Museum of Modern Art has a unique approach to rebuilding foreclosure-ravaged cities.