Biddeford to rehab 3 properties for housing

The Associated Press
Posted Dec. 09, 2010, at 6:35 a.m.

BIDDEFORD, Maine (AP) — The Biddeford City Council is going to use federal grant money to buy and rehabilitate three properties as part of an effort to stabilize the neighborhoods in the Maine community.

The Biddeford Housing Authority will use $186,000 to buy two vacant lots on Green Street and a three-unit apartment building on Sullivan Street, which had been foreclosed on.

Executive Director Guy Gagnon says the authority will improve and resell the properties then invest the profits into further community development.

Gagnon tells the Portland Press Herald he has seen neighborhoods in other cities that were once considered less desirable be improved by the presence of homeowners.

http://bangordailynews.com/2010/12/09/news/biddeford-to-rehab-3-properties-for-housing/ printed on December 17, 2014