Articles > Popular publications > The Boston Globe (Boston, MA) news wires > March 2009

Article: Foreclosed buildings to get new lease on life

Article from:
The Boston Globe (Boston, MA)
Article date:
March 17, 2009
Author:
Copyright

NEW BEDFORD - Amid boarded-up and abandoned buildings in this Southeastern Massachusetts city, government officials and housing advocates yesterday unveiled a program to reclaim foreclosed properties and turn them into affordable housing.

Citizen's Housing and Planning Association Inc., a nonprofit housing agency, will operate a clearinghouse to help community organizations purchase foreclosed homes and upgrade them for low- and moderate-income families.

"Our goal with this program is to stabilize neighborhoods affected by this crisis by reducing vacant and abandoned units and by providing property tax revenues to municipalities, who need it now more than ever," said Aaron Gornstein, ...

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