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Council adopts pilot to rehabilitate foreclosed housing and seeks nonprofit partnerships
Summary
The council adopted a resolution to pursue a public–private pilot to rehabilitate foreclosed residential properties, directing collaboration with nonprofits to prioritize owner-occupant sales and community reinvestment.
The Common Council on July 8 adopted a resolution promoting public–private partnerships to rehabilitate city-owned foreclosed properties and asked that the remainder be sent to the Finance Committee for follow-up. The item was presented as a pilot program to rehabilitate select city-owned homes rather than sell them wholesale to speculators.
Sponsors described concerns about…
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