Nonprofit Bank Buys Foreclosed Homes, Then Sells Them Back to Former Owners

BY Paul Solman  October 20, 2010 at 4:49 PM EST

We have the third installment of our Making Sen$e foreclosure series on Wednesday’s NewsHour. The focus: Boston Community Capital, a privately and publicly funded “community development finance institution.”

Making Sense

In this web video exclusive, we talk to Elyse Cherry, CEO of Boston Community Capital, about how and when BCC could be a reasonable alternative for homeowners who are in foreclosure trouble.

For more, watch the first (Show Me the Mortgage) and second (Boston Group Helps Homeowners ‘Stand Up, Fight Back’ Against Foreclosure) installments in the series.

This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions _Follow Paul on Twitter._