State: CHAPA announces Foreclosed Properties Initiative
STATE --- CHAPA and state officials recently unveiled a statewide clearinghouse program aimed at taking back foreclosed properties throughout the state. The Foreclosed Properties Initiative will address the obstacle of getting foreclosed properties revitalized, re-occupied and back on the tax rolls of municipalities. CHAPA will serve as a foreclosed properties clearinghouse, connecting banks that own foreclosed properties with local organizations, who will then purchase the properties and upgrade the homes for low and moderate income families. For more information about this initiative, click the title of this summary.