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City of Boston, Bank of America Announce Pilot to Preserve Tenancies in Foreclosed Properties
October 29, 2009 - (RealEstateRama) -- Mayor Thomas M. Menino and Bank of America Corporation today announced a first-of-its-kind in the nation initiative to prevent tenants from being displaced out of foreclosed homes. The initiative marks the latest expansion in the City’s on-going efforts to meet all of the challenges presented by the foreclosure crisis
Boston Announces $4M in Available Funds to Support Redevelopment of Foreclosed Properties
Mayor Says Neighborhood Stabilization Program Resources Designed to Expedite the Restoration of Valuable Housing Stock
March 23, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the availability of more than $4 million in Neighborhood Stabilization Program (NSP) funds for the acquisition and rehabilitation of foreclosed and abandoned properties by non-profit and for profit developers, the latest milestone in Boston’s efforts to stabilize those neighborhoods that have been disproportionately affected by foreclosures.
