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Habitat For Humanity Sees Gold In Vacant Housing

Posted by: Tim Halbur

26 September 2009 - 1:00pm

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

"[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
Source: Miller-McCune, September 25, 2009
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