Nonprofit fighting against investors buying houses in low-income neighborhoods

Anne Dalzell and her husband, John, decided more than 30 years ago to build a life together in Cleveland’s Collinwood neighborhood. For almost a decade, they’ve owned a home on a quiet street, about a one-mile walk from Lake Erie.

They’ve watched the house next door change hands several times. Then the property went vacant. And a local nonprofit stepped in, buying the almost century-old house and renovating it as part of a bid to raise property values, boost homeownership and price investors out of the market.

“It’s gonna be a multi-year approach,” said KC Petraitis, vice president of real estate for that nonprofit, Cleveland Neighborhood Progress. “And it should be, right?” Read more at News 5.