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.