City plans to buy foreclosed homes - East Valley Tribune: Chandler

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City plans to buy foreclosed homes

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Posted: Thursday, November 12, 2009 5:57 pm

Chandler plans to hold two public meetings in the coming weeks for potential participants in a program to turn foreclosed homes into affordable housing.

The city is using $1.4 million in federal stimulus money to form a land trust overseen by the nonprofit NewTown Community Land Trust, wherein the trust would buy up to 17 foreclosed homes in the 85225 ZIP code. Purchased homes must be located within the area bounded by Elliot Road, Chandler Boulevard, Arizona Avenue and Alma School Road.

The workshops are slated for 6:30 p.m. Wednesday at Sylvia Encinas Hartford Elementary School, 700 N. Hartford St., and on Dec. 10 at Chandler Senior Center, 202 E. Boston St.

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