"Cover Story" piece on a federal Department of Housing and Urban Development (HU
"Cover Story" piece on a federal Department of Housing and Urban Development (HUD) program that allowed nonprofits like the Portland-based Peoples Regional Opportunity Program (PROP) to purchase homes on which HUD has foreclosed. HUD is now auctioning these homes off to the highest bidder. In an attempt to make the selling of HUD-foreclosed homes more efficient, the management and marketing responsibilities of the program have been contracted out to Citiwest Properties Inc., an Arizona-based company that won the contract to manage HUD homes in New England. Of the 13 nonprofits in Maine that have participated in the program, only two have purchased homes from Citiwest, and they each bought only one.
Homes, US Department of Housing and Urban Development
Smith, Sam, ""Cover Story" piece on a federal Department of Housing and Urban Development (HU" (2000). Maine News Index – Portland Phoenix. 192.