Loan program repopulating areas hit by foreclosures, but slowly


01-16-2009
Brandt Williams, Minnesota Public Radio

“As the tide of foreclosures in Minneapolis recedes, it has left several hundred unoccupied homes in its wake. Now, through a program called the Minneapolis Advantage, parts of the city hit hardest by the foreclosure crisis – particularly the city’s northside – are slowly getting repopulated.”

“City officials say so far the program is a success. But critics worry that the city’s efforts will gentrify neighborhoods where low income and communities of color have traditionally lived.”

Read more at minnesota.publicradio.org

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