Habitat for Humanity, the 22-year-old charity organization that builds housing for low-income families, has said they are benefiting from the nation’s foreclosure crisis, which provides them with an opportunity to buy cheap land or houses for redevelopment. Historically, the organization’s West Palm Beach chapter has developed on lots donated from governments and individuals, but now it may have to begin buying its own land, so the decline in prices is critical.
Foreclosures a boon to Habitat for Humanity
|Angelo, Gordon & Co. sells rental community west of Boca Raton for $64M|
|Movers & Shakers: Elliman promotes two managing directors & more|
|Mexican real estate investors focus on South Florida amid heated presidential race|
|Foreclosure fight heats up: Trial could give Schecher Group nearly complete control of Miami Beach’s Sixty Sixty Resort|
|NY investors buy Universal Palms Hotel in Oakland Park|