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I would like to purchase a vacant building in my neighborhood. Can the Vacant Property Initiative help?

April 26, 2017building help Initiative NEIGHBORHOOD Property purchase vacant

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I would like to purchase a vacant building in my neighborhood. Can the Vacant Property Initiative help?

1 Answer

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Along with financial considerations, it depends on the intended use of the property. The initiative requires a committed for-profit user and a first priority lien on the property and/or a standby letter of credit.