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.

WAMU 88.5

Audiences Get A Modern Look At A 19th Century Opera

Opera as seen through the lens of Google Glass? Wolf Trap is giving audiences the chance to mix technology with Bizet’s classic "Carmen" this month.
NPR

Can You Trust That Organic Label On Imported Food?

A new book claims the organic label can't be trusted, especially on food that's imported. Yet there is a global system for verifying the authenticity of organic food, and it mostly seems to work.
NPR

Democrats Make New Bid To Require Donor Transparency

The latest version of the DISCLOSE Act, which would force donor disclosure on outside organizations that engage in election politics, is facing now-familiar opposition from Republican lawmakers.
NPR

A Plan To Untangle Our Digital Lives After We're Gone

In the digital age, our online accounts don't die with us. A proposed law might determine what does happen to them. But the tech industry warns the measure could threaten the privacy of the deceased.

Leave a Comment

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