HUD Joins Faith-Based Group For Home Renovation Project

A Washington, D.C., faith-based group is teaming up with HDU to renovate and sell hundreds of vacant homes in the D.C. area.

1 minute read

July 25, 2001, 6:00 AM PDT

By Chris Steins @planetizen

Tthe Department ofHousing and Urban Development announced that it will sell about 300 homes in fiveZIP codes to the Church Association for Community Service (CACS) atdiscounts up to 50 percent. CACS will rehabilitate the homes and sell themto families, in many cases at below-market prices. So far, HUD has sold 24homes to CACS and has chosen another 124 to be sold. After it renovates theproperties, CACS will market and sell them to eligible homebuyers throughits network of more than 60 churches around the District of Columbia. HUDestimates that the appraised value of the homes involved in the agreementexceeds $14 million.

Thanks to Dateline APA

FULL STORY: MODEL FAITH-BASED PARTNERSHIP TO PROVIDE AFFORDABLE HOMES FOR LOW-INCOME D.C. FAMILIES

Tuesday, July 17, 2001 in HUD News

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