benevolent flipping


flipping property in a neighborhood not merely for the purpose of profit, but with a priority of improving the neighborhood.

one who does this would be a “benevolent flipper.”
some slumlord offered john $20k for his house, but he sold it to the city for $17k so it would be a rainwater garden instead of yet another north minneapolis crack house. it’s called “benevolent flipping.”

source: this phrase was used by a guy interviewed on npr, all things considered, in early august, 2008, to describe what he does.

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