Opinion: Memphis should invest in blighted housing
Steve Lockwood
Steve Lockwood is director of special projects for the Frayser Community Development Corp., which buys and renovates homes in the Frayser community for sale, lease/purchase and rent. Prior to joining the nonprofit world, he was a real estate developer specializing in residential rehabs.
Blighted properties cost the city, rather than bringing in tax revenue. The city pays dearly for police, fire, board-up, lot clearing and other services required for abandoned properties.