Foreclosure prevention has mainly focused on homeowners behind on their mortgages.
But AJC reporter Scott Trubey is reporting on one neighborhood program that takes a different approach — fixing up homes of owners who are up-to-date on their mortgages after some of their neighbors abandoned their homes.
“There hasn’t been any focus to the flip side of [the foreclosure crisis], and that is the people still in their homes, struggling to do the right things,” Brenda Rayburn, executive director of Southern Crescent Habitat for Humanity, told Trubey. “They’ve been struck by this crisis, too.”
Southern Crescent, with $175,000 in grant money from Wells Fargo, plans to help 70 homeowners in a Jonesboro community weatherize their houses, install energy efficient thermostats and make minor repairs to improve the looks of their homes, Trubey reports.
The idea is that making lived-in homes more attractive will boost the neighborhood’s overall marketability, making it easier for distressed homeowners to sell before foreclosure, while also boosting the vacant properties’ appeal, Trubey writes.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
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