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Montgomery County, Habitat For Humanity to Revamp Foreclosed Homes
posted 6:53 pm Sat November 08, 2008
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WASHINGTON - Montgomery County (web|news) is partnering with Habitat for Humanity to make 10 foreclosed homes available to low-income families in the area.
County officials say they plan to spend up to $3.5 million to buy the homes and then hand them over to Habitat for renovation. The houses will be sold to low-income families, who will be chosen by Habitat for zero-interest home mortgages.
Rick Nelson, the county's director of housing and community affairs, says the properties will likely be in Glenmont, Aspen Hill and Wheaton. Those areas have been particularly hit hard by foreclosure problems. Officials say they aim to have the homes ready by the middle of next year.
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Information from: The Washington Examiner
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