The New York City Housing Authority finalized an agreement last week to transfer 20 vacant single-family homes scattered across Brooklyn and Queens to Habitat for Humanity, which will invest $ 415,000 per home – from city, state and private financing – to bring them up to a state-of-good repair, city officials said. The nonprofit will then sell the houses as opportunities for affordable home ownership, targeting families earning 80 percent of the Area Median Income, which is $ 65,280 for a family of three.

Foreclosure News

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