Area nonprofit housing developers have invested millions in revitalizing Grand Rapids residential neighborhoods and now they’re stepping up to help the city save hundreds of homes left in the wake of the recent foreclosure epidemic. Getting families who have been uprooted by foreclosure back into those homes is a key goal.
According to excerpts from the story:
In today's crowded real estate market, the house at 936 McReynolds Ave. NW doesn't show very well.
City officials and nonprofit housing developers have a rescue plan for this and about 125 other houses that have been foreclosed by the U.S. Department of Housing and Urban Development.
"The objective is to stabilize neighborhoods," said Louis Berra, head of the local HUD office.
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