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Responding to the nation’s immediate challenges will require establishing the policies, programs, and systems that permit the U.S. Department of Housing and Urban Development (HUD) to become a successful partner with state and local governments and with the private sector to improve the economy of our metropolitan areas. With support from the Rockefeller Foundation, the Penn Institute for Urban Research assembled professionals in the fields of housing and urban and metropolitan development to produce this report to Secretary Donovan. The issues covered by the task forces are compiled in 10 chapters, each listing several short- and long-term recommendations on the following topics: (1) preventing foreclosure, (2) multi-family housing, (3) the “hard to house”, (4) communities impacted by foreclosure, (5) America’s neighborhoods, (6) metropolitan America, (7) city-focused economic development, (8) anchor institutions, (9) green housing, and (10) catalyzing change at HUD.