Nuestra CDC Begins Purchase and Renovation of Foreclosed Homes in Roxbury: Nuestra Comunidad Development Corporation is pleased to announce the launch of a new initiative to purchase and renovate foreclosed properties in Roxbury in order to preserve neighborhood character and create new opportunities for affordable home rental and ownership. On November 26, Nuestra CDC became the owner of 21 Dacia Street in Roxbury, a foreclosed and now-vacant three-family home in one of Boston’s hardest-hit areas for foreclosure. Located in the Howard-Dacia neighborhood of Roxbury, the home, one of as many as twelve that Nuestra CDC will purchase in the coming year, will be fully renovated and either sold to a first-time homebuyer or returned as affordable housing to the rental market. On Wednesday, November 26, Nuestra CDC became the official owners of the first of these properties. Several more purchases are planned for 2009. “This is a great opportunity for Nuestra to step in and save a neighborhood from blight,” noted Nuestra CDC Executive Director David Price. “By coming together as an organization and a community, we can have a lasting positive impact on the Howard-Dacia neighborhood.” CLICK HERE for complete article.
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