Non-profits launch nationwide foreclosure rehabilitation effort

Two non-profit housing organizations have teamed up to transform foreclosed and abandoned homes into affordable housing. Habitat for Humanity, which has built more than 350,000 houses for impoverished families worldwide since its founding in 1976, and National Community Stabilization Trust, a federally sponsored initiative that revitalizes neighborhoods badly damaged by the foreclosure crisis, will partner for two years to purchase and rehabilitate the "REOs" or real estate owned properties. [more]

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