Foreclosures down, but city recovery not complete

FIXER UPPER: Olneyville Housing Corp. Stewardship Manager Chris Ackley at a house on Amherst Street that had been abandoned and ignored by the bank holding the mortgage. Thanks in part to the organization’s efforts, the city cleaned it up, locked it down and billed the bank. / PBN PHOTO/RUPERT WHITELEY
FIXER UPPER: Olneyville Housing Corp. Stewardship Manager Chris Ackley at a house on Amherst Street that had been abandoned and ignored by the bank holding the mortgage. Thanks in part to the organization’s efforts, the city cleaned it up, locked it down and billed the bank. / PBN PHOTO/RUPERT WHITELEY
Providence is ramping up efforts to alleviate the burden of abandoned houses on neighborhoods hit hard by the foreclosure crisis. Through methods including eminent domain, tax-title repossession and the authority of the reinvigorated Providence Redevelopment Agency, city officials are patching buildings up, tearing some down and funneling others into the hands of developers. “We are…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -