RECOMMENDED ACTIONS
1. Strengthen existing pre-purchase and post-purchase education/counseling programs andforeclosure prevention programs for potential homeowners and tenants. This shouldinclude in-depth review of household needs, resources, financial literacy, and available housing options.
2. Identify incentives for individuals and families who purchase and rehabilitate vacant and/or foreclosed properties. For example, commit additional resources for downpayment assistance and rehabilitation assistance for vacant/ foreclosed properties.
3. Explore Rent-to-Own Programs for vacant unsold properties.
4. Explore emergency mortgage assistance program models that include counseling and direct lending services to prevent foreclosure.
5. Establish a property manager/tenant-based rental program that reduces the barriers to entry for qualified renters (e.g., property management education/counseling/ assistance).
6. Establish a purchase and refinancing program for property owners at risk of losing their home to foreclosure (example: Boston Community Capital’s SUN model).
WRRB/Telegram District City Council Forum 10/18
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This forum is for all district council candidates; all candidates are here
today. Format: 14 total questions, 4 questions across districts (for all
candida...
6 months ago
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