According to washingtonPost.com (Friday, March 28, 2008), "Gerald E. Connolly, chairman of the Fairfax County Board of Supervisors, today will propose using county funds to purchase foreclosed properties and sell them at below_market prices to working families. 

Doing so would both create affordable housing in one of the nation’s most expensive communities and help protect neighborhoods in danger of decline from the exploding number of homes going into foreclosure across Fairfax, Connolly will say in his annual State of the County speech tonight."

I must say this is a very innovative concept which could create more problems than it may be able to solve. The county should seek the advise of a real estate attorney before even considering this as an option.

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