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As the rising number of foreclosure petitions threatened to destabilize communities, CND committed to respond by incorporating the redevelopment of foreclosed properties into our neighborhood revitalization plan. Our Neighborhood Stabilization Initiative strategy targets; key corridors and nodes that impact the perception of the neighborhood as a desirable place to live, areas of concentrated impact such as North Bellingham Hill (pictured below) in Chelsea and Shirley Avenue in Revere, as well as foreclosures near our existing portfolio.
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