Board explores acquiring donated or foreclosed homes, cites Chatham'style program
Members discussed developing a small acquisition/rehab program to take donated or tax-foreclosed properties, rehab them, and either rent or sell with matched down-payment support—pointing to a Chatham model as precedent.
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Several members urged the trust to investigate small-scale acquisition and rehabilitation of donated or tax-foreclosed homes as a way to create affordable units without paying market land prices.
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