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Community stabilization is the focus of a case study conducted in Taylor, Michigan. The Department of Housing and Urban Development (HUD) is experimenting with several programs for aiding distressed neighborhoods. One such program is the community stabilization program in Dover Estates, a subdivision of the city of Taylor. The program is based on the concept that preservation and growth of a homeowner's equity are the most important deterrents to abandonment and that any policies which increase appreciation rates and equity constitute a means of minimizing abandonment. Under the program, HUD-acquired properties are removed from the sales market until the neighborhood and real estate market conditions become stabilized. Techniques being used by HUD to remove equity depressants are detailed, and steps involved in the implementation of the community stabilization program are outlined. Consideration is given to the development of management, maintenance, and neighborhood service plans and to accounting and financial reporting procedures. Appendices contain a cooperation agreement, an area management contract, a master lease, and a sublease, all significant documents in Taylor's community stabilization program.