Recently reported by the Sacramento Business Journal, “Chase donated 115 homes since 2009 through its Community Reinvestment Program, while such cities as Elk Grove, Rancho Cordova, Lincoln and North Highlands accounted for dozens more, 184 in all.”
The program essentially “turns over foreclosed homes to local agencies to fix them up and find people to live in them.”
Thus far, the program has improved neighborhoods, occupied foreclosures, and inspired other homeowners to “fix their own homes up,” according to Carrie Grip, executive director at Rebuilding Together Sacramento.
In addition, “the program also benefitted the new buyers because the homes wouldn’t require them to outlay hundreds or even thousands more dollars to bring them up to snuff,” as reported.
Please read “Chase foreclosure donation program big in Sacramento” for further details.