BofA to “Give Away” Free Houses

What is a bank to do if it has too many foreclosed properties?  Why not give them away?  That’s what Bank of America plans to do with as many as 150 vacant and abandoned properties in and around Chicago through a new “collaboration” with the city that’s intended to address the problem of abandoned properties.  As part of the new effort, BofA plans to donate foreclosed and vacant condominiums to the nonprofit Community Investment Corp. as part of an initiative to upgrade, preserve and stabilize management of affordable rental housing.  thanks to Free Things to Do in Washington DC for this info


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