Like many states, Massachusetts has a strong law that allows courts to put unsafe properties into receivership in order to address the unsafe conditions and return them to habitable condition. WCHR works with municipal officials, the Massachusetts Attorney General's Office, and approved receivers to provide lending and technical support.
WCHR is one of a few lenders in the region who can make these loans, and has become a leading institution in the use of receivership to combat abandoned and foreclosed properties.
Receivership programs enable local cities and towns to eliminate blight and threats to public health and safety by rehabilitating properties with multiple code violations, including those that are abandoned and foreclosed.
WCHR works with private contractors and property owners who are appointed by the court to take over the management and repair of substandard properties, then resell the properties to responsible property managers for their long term sustainability.