Chicago Will Hold Banks Accountable

Recently, the City Council of Chicago approved an ordinance that will hold lending institutions responsible for the maintenance of foreclosed properties. Prior to this move, community groups have been increasingly vocal, responding to rising crime rates in the past few months. According to residents, abandoned buildings become “crime havens” for squatters, gangs, and drug dealers,
-> Continue reading Chicago Will Hold Banks Accountable

City of Newark, NJ – Owners of Vacant Properties Must Register with the City

Beginning August 1 2011, the City of Newark, NJ will require owners of inhabitable vacant residential properties to register with the City and to maintain and secure vacant properties.  Under the recently-passed Vacant Property Ordinance, failure to do so will lead to fines and Municipal Court action. “Abandoned and neglected properties, if left unaddressed, can
-> Continue reading City of Newark, NJ – Owners of Vacant Properties Must Register with the City

New Orleans Redevelopment Authority Auctions off Abandoned Houses

In eastern New Orleans, individuals from 24 cities in six states bid for and bought 90 houses through the New Orleans Redevelopment Authority program.  NORA requires each bidder to significantly restore properties within a year and agree to live there for three years.  Jon Johnson,the City Councilman who represents an expanse of neighborhoods east of
-> Continue reading New Orleans Redevelopment Authority Auctions off Abandoned Houses