Our purpose is to stabilize communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties. The properties will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, and we benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income. We also: Establish financing mechanisms for purchase and redevelopment of foreclosed homes and residential properties; Purchase and rehabilitate homes and residential properties abandoned or foreclosed; Establish land banks for foreclosed homes; Demolish blighted structures; Redevelop demolished or vacant properties