Baltimore To Use Federal Housing Grants To Recover From Foreclosures | WAMU 88.5 - American University Radio

: News

Filed Under:

Baltimore To Use Federal Housing Grants To Recover From Foreclosures

Play associated audio

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.

NPR

Cumberbatch Wants Britain To Pardon Men Convicted Under Anti-Gay Law

The Oscar-nominated star of the Alan Turing biopic The Imitation Game has joined actor and comedian Stephen Fry in calling for a blanket pardon of 49,000 men punished under long-defunct law.
NPR

Shake Shack Sizzles With IPO As McDonald's Fizzles

Shares of the burger chain shot up Friday, its first trading day. Shake Shack and other fast-casual joints are taking a bite out of McDonald's, which can't recast itself to fit the current trend.
NPR

What Romney's Retreat Means For GOP Hopefuls

NPR's Scott Simon speaks with senior Washington editor Ron Elving about the narrowing Republican presidential field for 2016 and what we've seen so far in the first month of the new Congress.
NPR

The Infinite Whiteness Of Public Radio Voices

The hashtag #publicradiovoices, about the "whiteness" of public radio, trended on Twitter this week. NPR's Scott Simon speaks with Gene Demby of NPR's Code Switch team about the conversation.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.