Providence Offers Help to Buy Foreclosed Homes

August 2024 ยท 1 minute read

Mayor David Cicciline of Providence, R.I., is using a unusual strategy to address one of the side-effects of the current lending crisis. He's offering no-interest loans to families who will buy a foreclosed house, fix it up and move in. Cicciline is also threatening to sue banks that continue to hang onto vacant, foreclosed properties.

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