Homes part of failed rent-to-own program to be saved - News, Weather, Sports, Toledo, OH

Homes part of failed rent-to-own program to be saved

TOLEDO, OH (Toledo News Now) -

The Lucas Metropolitan Housing Authority is stepping in to try to save dozens of homes, which were part of a failed rent-to-own program in central Toledo.

More than 80 single-family houses were built as part of the Toledo Homes Project dating back more than a decade. Now, many of those homes are vacant and in serious need of repairs.

LMHA Executive Director Linnie Willis says they're trying to save as many of those homes as possible.

"The land bank did foreclose on the properties, and as a result of that foreclosure, LMHA acquired 53 of the units," said Willis.

Some of the properties targeted are still occupied. Glen Tyler is renting his home on Belmont Avenue and he's hoping to work out a rent-to-own deal with LMHA.

"To own it, yes, that's it. We all should be able to own these houses," said Tyler.

Willis says LMHA wants to eventually get all 53 homes off its books.

"Our goal is not to maintain them as long-term rental units. We do want to work with families to be able to purchase those homes," explained Willis.

Since the homes are close to other LMHA developments, Willis says they were motivated to get involved.

"The properties - it's quite challenging what we're taking on right now, but there's such close proximity to Collingwood Green, we felt we needed to get in there and see what we could do to save some of those homes," Willis said.

Some of the homes taken over by the land bank are considered to be extremely vandalized and stripped, and will need to be torn down.

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