THDA is launching a new $6 million program to combat blight by transforming eligible homes into green spaces. At a media conference Wednesday morning, August 5, 2015, THDA Executive Director Ralph M. Perrey and Memphis Mayor A C Wharton jointly announced the Blight Elimination Program (BEP). Under the program, qualified nonprofits will receive forgivable loans to acquire abandoned homes out of foreclosure, demolish them, and transform the property into a community park, affordable housing, or other beneficial public function
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