We need more of this.

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With help from a federal program called the Neighborhood Stabilization Program, around 591 Minneapolis homes are being targeted for rehab and future development (68%), demolition (19%), and the remainder offered to potential buyers with financial incentives (13%).

These are the types of pro-active measures I like to see. The homes are in some of the worst affected by foreclosures and this can provide powerful incentives, not only for buyers to get back in the market, but also in areas that have been hit the hardest. The only way these areas of the city have a chance to rebound is to get people in who will continue to work and take pride in their neighborhoods.

The city is planning a tour (along with LiveMSP) to show 41 of these homes. I hope they have a huge turnout and are encourage more of these policies, here and across the country.

Maps of the homes and route can be found here.

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