Click to view Philadelphia Housing Authority List in a larger map. | via Max Spann
In her Inquirer piece today, Jennifer Lin quotes PHA’s executive director Michael P. Kelly on the reasons behind the auction:
“These properties are part of a large inventory not being used," said Kelly. "We felt that an auction was the best way to put these homes and lots into the hands of those who can make productive use of them and return them to the city's tax rolls."
Here's hoping that some of the city's quality, nonprofit housing developers are getting in line to take advantage of the opportunity to acquire and redevelop vacant properties in their neighborhoods.
PHA owns more than 3,000 blighted properties, a third of which the US Department of Housing and Urban Development gave PHA clearance to sell earlier this year. In addition to the auction, the Redevelopment Authority holds listings
for about 1100 PHA surplus properties.
Just one question: How can buyers be sure the properties will be delivered with clean titles?
Information sessions about the auctions will be held on October 19 and November 2 at PHA’s Grays Ferry Center and on October 26 at PHA’s Warnock Center. For more information visit Max Spann's auction page.
Philadelphia Housing Authority seeks takers for vacant properties
[Inquirer; June 5, 2011]