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.
September 26, 2009, 1pm PDT | Tim Halbur
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"[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."

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Published on Friday, September 25, 2009 in Miller-McCune
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