The Obama administration seeks to turn the federal government’s swelling inventory of foreclosed homes — now estimated at 250,000 — into rental properties that could be managed by private enterprises or sold in bulk. But they want to hear your ideas on how it’ll work.
The Federal Housing Finance Agency, the Department of Housing and Urban Development, and the Treasury Department are soliciting ideas for sales, partnership ventures, or other strategies that would help it clear the high inventory of foreclosed properties owned by Fannie Mae, Freddie Mac, and the Federal Housing Administration own.
The government seeks ideas on how to unload about 250,000 foreclosed properties owned by the entities —
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