Friday, March 23, 2007

Foreclosures Force Suburbs to Fight Blight - New York Times
Nancy Levy sends this story with a dateline in Shaker Heights, Ohio, a very nice suburb of Cleveland that has long been known for its racial integration maintenance efforts. Now the story is the municipal response to mortgage foreclosures and resulting vacant properties.

SHAKER HEIGHTS, Ohio — In a sign of the spreading economic fallout of mortgage foreclosures, several suburbs of Cleveland, one of the nation’s hardest-hit cities, are spending millions of dollars to maintain vacant houses as they try to contain blight and real-estate panic.

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