Dorchester initiative aims to rehabilitate foreclosed properties while keeping residents in their homes
A new initiative in Dorchester seeks to revitalize foreclosed homes and stabilize a neighborhood’s housing stock, while keeping occupants in their homes.
The Coalition for Occupied Homes in Foreclosure, a group founded in 2008, launched the Greater Four Corners Stabilization Pilot Project last week, with the aim of buying and rehabilitate 30 units of foreclosed housing.
The 25-member coalition includes a number of foundations and community partners such as City Life/Vida Urbana, the Boston Tenant Coalition, and the Greater Four Corners Coalition.
“Focusing our efforts on Greater Four Corners will allow us to address a critical mass of properties and work with the community,” Maureen Flynn, the program coordinator, said in a statement.
The program will use community partners and residents to reach out and identify properties to become part of the project. After the properties have been identified, a private developer will purchase the homes, repair them, and turn them over to a non-profit housing developer like the Codman Square Neighborhood Development Corporation.
So far the program, which is funded through a number of foundations including Citi Community Development and The Boston Foundation, has purchased five-units of housing and is in negotiations to purchase six more.
“The COHIF pilot project preserves ownership of foreclosed properties within the community and it empowers our residents at the same time – we are all working together to stabilize our neighborhood,” Mayra Duran, community organizer for the Greater Four Corners Action Coalition, said in a statement.
More information about the group can be found on its website.