Amidst the housing crises came new challenges for more than just politicians, homeowners and those in the industry, but also for those with a penchant for art and design.

Foreclosed: Rehousing the America Dream, is an exhibition that will be showcased at the Museum of Modern Art (MOMA). The exhibit will explore architectural

possibilities against the backdrop of the depressed housing market.

“The foreclosure crises revealed a crises of the imagination that has delayed an urgently needed conversation about the default of the ‘American Dream’ and its most visible symbol, the suburban house,” said Reinhold Martin, director of Columbia University’s Temple Hoyne Buell Center for the Study of America Architecture and one of the organizers of the exhibition.

Barry Bergdoll, MOMA’s Philip Johnson Chief curator of Architecture and Design, also helped conceive the exhibition, which involved a team integrating five disciplines: architecture, economics, finance, housing, and public policy.

The exhibit also narrowed the sites down to five cities, which were New York, Chicago, Tampa, Los Angeles, and Portland. Each team was assigned to a site, and the models, drawing, renderings, animations, and analytical materials that evolved from each site will be showcased.

The exhibition runs from February 15 to July 30, 2012.