Declare intent to contact lenders about nonprofit program preventing foreclosures
In Plain English
The city wants to reach out to banks and other lenders who own delinquent mortgages. A nonprofit program could buy these troubled loans to help homeowners avoid foreclosure. If approved, the city begins formal conversations about creating more affordable housing through this approach.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 16-15
6 to 0
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