News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Metro RTA

Wayside Furniture


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Bank donates foreclosed homes to Cuyahoga County
Bank of America will donate select properties in and around Cleveland to the Cuyahoga County Land Bank to be demolished and repurposed
Story by ANNA STAVER


 

Bank of America is donating up to 100 foreclosed properties to the Cuyahoga County Land Bank. Guy Frangos is the land bank’s president, and says Bank of America is considering properties in Cleveland and a few suburbs that are worth $15,000 or less. In addition to the properties, Bank of America is donating $7,500 with each house to be used for demolition. Frangos says the hardest part for the land bank is not acquiring the properties, but deciding what to do with the lots afterwards. 

Frangos explains the different ways to use the land

Other options:
Windows Media / MP3 Download (0:23)


Frangos says he hopes smaller banks will follow the example set by Bank of America and Wells Fargo, which already donated 26 properties this year. Frangos says the U.S. Department of Housing and Urban Development and Fannie Mae were the catalyst, and combined donate about 100 properties a month. 

Listener Comments:

Way to go land bank. Always on the cutting edge.


Posted by: Anonymous on June 28, 2011 5:06AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Ohio's tax commissioner says the ID quiz is going well
I filed electronically and there was no provision to print out a copy that I could find. How do I get a copy sent to my exclusive address of record, including ...

Ohio to appeal ruling keeping Akron's red light cameras in place
I don't understand what all the fuss is about. If you don't like tickets drive the speed limit and stop at red lights. It's really all up to you.

Who's on public assistance in Ohio?
legalize marijuana get over it,,, its here its been the main drug test scare of a lifetime. u got people that get drunk every night and work u got peoples on ...

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Ohio lawmaker calls for an East Cleveland bailout
Instead of blaming Kasich and the Republicans for all of East Cleveland's fiscal woes, take a look at the facts. Some political entities in Ohio are too small ...

Legalized marijuana is a boon for a Cleveland-area grow light maker
Shouldn't he be in jail for paraphernalia? He knows he is selling for marijuana production.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

A passionate debate about parole in Ohio
I was heartened to hear that the legislators will consider ANY legislation to break the chains the parole board has put on these old law offenders who have serv...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University