Image default
Real Estate

City’s move to offload tax delinquent houses good for business and neighborhoods

Carol Hazard at richmond.com uses the recent renovation at 2203 Q Street to dig deeper into the uptick in sales of tax delinquent property by the city:

Over the past five or six years, Augustine has bought about 10 houses and empty lots at auctions of city-foreclosed properties with at least two years of unpaid property taxes.

“I’m not rich, but I am making a living off it,” Augustine said.

He also is reducing the city’s long list of neglected properties, repurposing dilapidated houses — in some cases, building new — and putting them back on the tax rolls.

[…]

The catalyst for private investments sprung from nonprofits like the Better Housing Coalition, generally the first one into neglected areas in Church Hill and other neighborhoods — where it took on not one house at a time, but whole city blocks to develop quality, affordable housing.

Related posts

Main 2525

CHPN

For Sale: $2,500,000

CHPN

BHC’s 30th Anniversary Celebration

Gustavo

48 comments

Melissa Ansley Brooks
Melissa Ansley Brooks 12/18/2016 at 8:42 AM

Love this! Just wish there was more affordable housing…rentals….for large families with single earner income.

Reply
Angela Morse
Angela Morse 12/18/2016 at 9:04 AM

I have one they need to look at next door 🙂

Reply
2006/2016 - Church Hill People's News | Richmond, Virginia 12/18/2016 at 9:05 AM

[…] April Scott on Studio 200 Holiday Open Studio on Sunday / → […]

Reply
Kathleen 12/18/2016 at 8:38 PM

There’s 3 on the south side of the 3100 block of E Broad that I wish would go tax delinquent.

Reply
Dwight Jones looks back on his eight years in office - Church Hill People's News | Richmond, Virginia 12/19/2016 at 10:26 AM

[…] Building the Best Richmond: Part One […]

Reply

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.