Mich. To Get $100M To Demolish Vacant Houses

CBS Detroit

LANSING (AP) – Michigan will receive $100 million from the federal government to tear down thousands of vacant houses and clean up struggling neighborhoods in Detroit and four other cities.

The pilot program to address blight was approved Thursday by the U.S. Treasury Department, according to Gov. Rick Snyder.

The money comes from the Hardest Hit Fund and will be used in Detroit, Flint, Grand Rapids, Pontiac and Saginaw. The fund was created in 2010 to help states struggling through the economic and mortgage crisis.

“We will be stabilizing neighborhoods with a large-scale demolition of the abandoned properties that foster crime and push down property values,” Snyder said. “Getting rid of these properties will encourage more people to stay in their homes and be part of the effort to improve their neighborhoods.”

It isn’t clear how much money each city will receive.
Flint had more than 5,800 vacant homes and…

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