Tag Archives: nationwide mortgage settlement

Consumer advocate: Why use almost all the city’s share of mortgage settlement on demolition? – baltimoresun.com

Should Baltimore spend almost all the $10 million it’s getting from the nationwide mortgage settlement on demolishing vacant homes?

That’s the city’s plan. Marceline White questions the wisdom of that idea.

White, executive director of the Maryland Consumer Rights Coalition and a Bolton Hill resident, wonders why the city isn’t instead putting a sizable chunk of the money toward rehabbing, adding to the stock of livable homes and hopefully also the number of city residents.

“I live in the city — I would certainly like to see more people come into the city,” White said. “It’s better for the city, it’s better for neighborhoods, it’s better for the tax base. … Rather than tearing down neighborhoods, why not try to restore neighborhoods?”

This speaks to a long-running debate that readers have had here: knock down or rebuild?

Continue reading Consumer advocate: Why use almost all the city’s share of mortgage settlement on demolition? – baltimoresun.com