The Public Protests Deterioration of Bank-Owned Vacant Property

Community residents throughout the country have seen properties abandoned and subjected to negligence.  Hundreds of these deteriorated properties are owned by banks – Bank of America and Wells Fargo, among others.  And although, these banks claim they strive to comply with property codes and act upon foreclosure policies “that aim to protect properties and communities,”
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HUD – Brownfields Economic Development Initiative

The U.S. Department of Housing and Urban Development created the Brownfields Economic Development Initiative.  The program aims to help cities redevelop of vacant commercial and industrial facilities where redevelopment is burdened by actual or potential environmental contamination.  Private sector groups and local governments will use these funds to begin or continue redevelopment on brownfields site. 
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