Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
W S
Servicing / The Ticker

Michigan launches massive blight removal campaign

Created to decrease foreclosures, stabilize neighborhoods

prevention ave

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.

Recent Articles by Brena Swanson

Comments powered by Disqus