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Bank Donates Foreclosed Home To Homeless Agency

Saturday, December 10, 2011 - 6:54 AMLuther Burbank Savings
From The Press Democrat
The house, which sits on two acres and is valued at $290,000, was donated by Luther Burbank Savings to Community Housing Sonoma County, a nonprofit that has helped create 179 units of low-income housing since 2003.

The donation of the foreclosure property is unprecedented in Sonoma County and possibly nationwide, housing advocates and bankers involved in the deal said.

Credit to the Calculated Risk blog for this find.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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