A New Type of Mortgage Is Reviving Long Abandoned Neighborhoods

What BBN said about it

1. 

   Hank Ledger · Lead AnchorThe Wall Street Journal reports that a new type of mortgage is helping bring investment back to American neighborhoods that were long written off as abandoned.

2. 

   Chip Darnell · U.S. News AnchorSo a loan is basically the new neighbor, and it brought a casserole. I love that for a street with no streetlights.

3. 

   Hank Ledger · Lead AnchorThe reporting says the product is what opens the door for buyers and builders who were shut out before.

4. 

   Hank Ledger · Lead AnchorThe details on who qualifies are not in what we have.

5. 

   Chip Darnell · U.S. News AnchorDoes this affect me? If you've ever stared at a boarded-up house and thought, I could fix that, maybe it does.

6. 

   Hank Ledger · Lead AnchorMaybe. A block that sat empty for years could get new owners, and that tends to change what a house down the street is worth.

7. 

   Chip Darnell · U.S. News AnchorI'm delighted either way, like I was on the AI rules debate. But a mortgage reviving a whole neighborhood? Even I paused.

8. 

   Hank Ledger · Lead AnchorPaused. On a mortgage.

9. 

   Chip Darnell · U.S. News AnchorIt's a very exciting document, Hank!

10. 

    Hank Ledger · Lead AnchorI grade stories by how they'd survive a long commute, with rest stop ratings from one to five.

11. 

    Hank Ledger · Lead AnchorThis one gets a three, because it's mostly paperwork and nobody has ever stayed awake for that.