Wednesday, March 19, 2008

South Florida City May Seek Charity Money To Deal With Vacant Foreclosures

In North Lauderdale, Florida, the South Florida Sun Sentinel reports:
  • City officials typically are more inclined to stay in their comfort zone by fixing potholes, setting the tax rate, or building parks. Recognizing a dire need, North Lauderdale officials want to venture into real estate. They want to seek money from charities to buy the city's many foreclosed properties, fix them and sell them at cost, rescuing them from blight. City officials also might use that money to help struggling families pay rent.

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For more, see North Lauderdale seeks charity money to cope with foreclosed homes (if link expired, try here).

Go here for other posts on vacant homes leaving its mark on neighborhoods. neighborhood destruction from foreclosures I