Michigan launches massive blight removal campaign
Created to decrease foreclosures, stabilize neighborhoods
Michigan is launching its largest residential blight removal campaign, the Michigan State Housing Development Authority said in a press release.
The U.S. Treasury approved the state’s housing authority’s proposal in June to allocate a portion of its Hardest Hit Fund allocation to a blight elimination program.
Furthermore, the $100 million comes from $500 million Michigan was allocated in 2010 as part of the Troubled Asset Relief Program's Hardest Hit Fund.
The campaign was created to decrease foreclosures and stabilize neighborhoods through the demolition and greening of more than 78,000 vacant and abandoned single-family and multi-family properties in Detroit and four of Michigan's largest urban communities.
Ohio is doing it too, but on a somewhat smaller scale.