Habitat For Humanity Sees Gold In Vacant Housing

Used to pouring resources into building new homes, Habitat for Humanity sees opportunity in the vast number of vacancies caused by the mortgage crisis.

1 minute read

September 26, 2009, 1:00 PM PDT

By Tim Halbur

"[A]s thousands of homes sit vacant, Habitat officials say they can't pass up this opportunity.

With prices depressed, many are finding they can buy and rehab cheaper than they can build. (Most Habitat chapters also continue to build.) Rehab projects are often faster, so families can move in sooner. And Habitat officials say rehabbed, owner-occupied houses will ultimately boost home values in high-foreclosure neighborhoods."

FULL STORY: Vacant Homes Give Habitat a Leg Up

Friday, September 25, 2009 in Miller-McCune

Community / Economic Development Housing United States Vacant Properties Habitat for Humanity

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