Standing in front of a dilapidated house in Hyde Park Thursday morning, Councilor Rob Consalvo said that if elected mayor he will impose stiff new penalties on big banks that fail to maintain foreclosed properties they own in Boston.
Consalvo, who spearheaded an ordinance in 2010 that allows the city to impose up to $400 in fees on banks that do not keep up foreclosed houses, wants the city Inspectional Services Department to send banks a detailed list of improvements needed to keep foreclosed homes on par with other properties in the neighborhood.
Under the proposal, if a bank does not make the improvements within three months, a city contractor will complete the work and then bill the bank.
From there, the penalties would get stiffer. Consalvo said the city would put municipal liens on banks who do not reimburse the city. If a bank does not pay within a year, the city would apply for receivership of the property.
“The reality is that whoever owns this, whichever bank foreclosed on it . . . needs to be held to the same standard that every other neighbor in the neighborhood is held to,” he said. “Big banks shouldn’t be exempt from what every other homeowner on this street has done.”
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