: News
By Cathy Duchamp
Baltimore will use $26 million in federal housing grants to help middle-income neighborhoods recover from the home foreclosure crisis.
Mark Sissman runs Healthy Neighborhoods Inc, the Baltimore non-profit that will distribute federal money to buy, renovate and resell vacant or foreclosed homes. But Sissman isn't targeting Baltimore's hardest-hit neighborhoods.
"Building on the strongest blocks first, instead of the weakest. Having partners who agree that appreciation is a good thing," says Sissman. "That's different thinking than the traditional public sector programs where you gravitate to the toughest buildings in the poorest neighborhoods."
Sissman says marketing working class neighborhoods to young professionals and families will help rebuild Baltimore's property tax base, and in turn, stabilize the city as a whole. He expects banks will be ready to make deals to unload foreclosed properties in exchange for the hard cash the federal grants provide.
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FBI agents believe they have a credible lead on the whereabouts of Jimmy Hoffa's body. If they're right, it will solve a longstanding mystery, which will also deflate Hoffa's resonance in popular culture.The Mystery Of the Ridiculously Pricey Bag Of Potatoes
Did a 10-pound bag of potatoes really cost $15 back in 2008? We get to the bottom of some puzzling numbers in the lawsuit alleging America's potato growers have become a spud cartel.House Passes Bill That Would Ban Abortions After 20 Weeks
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Amazon ends the contracts of people and businesses that are paid for sending customers to the retailer. The company has taken similar steps in other states that have passed laws like Minnesota's new sales tax legislation.Leave a Comment
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