Bank of America will contribute towards the cost of demolishing or deconstructing any deteriorating buildings. Similar plans have been previously announced in Detroit and Chicago as Bank of America addresses the problems caused by a growing inventory of abandoned and uninhabitable properties.

“Unfortunately, many homeowners faced with unemployment, underemployment and other economic hardships have transitioned to alternative housing situations, and in many cases have walked away from their homes, leaving behind vacant and deteriorating properties that can cause neighborhood blight,” said Rebecca Mairone, national mortgage outreach executive for Bank of America Home Loans.

via Bank of America Donating Vacant Properties to Help Fight Blight.