Restoring neighborhoods
Los Angeles officials on Thursday showcased the first of what could be more than 1,100 foreclosed homes that will be rehabbed and sold to the public.Daily News,
The city Housing Department has already purchased 196 homes -- including properties in Pacoima, Arleta, Sylmar, Canoga Park and Panorama City -- through a federal program aimed at stabilizing neighborhoods devastated during the foreclosure crisis.
The city will renovate the properties, then put them on the market. Proceeds from the sale of the home will be used to buy other blighted properties.
About The
Sausage Factory
Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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