Saturday, June 8, 2013

$$$ to Demolish Vacant Buildings is a Good Thing


State to get $100 million in federal funds to fight blight

Detroit will be among five cities in Michigan that will share $100 million in Federal money to tear down abandoned buildings.  The money, originally meant for mortgage holders having trouble, has been redirected.  The original mortgage rescue plan was so narrowly drawn that few people actually qualified who could use it. I'm glad the money was repurposed. Thanks to Congressman Dan Kildee for his work on this.

On the other hand, this will take care of about 4,000 buildings.  Another 36,000 remain.  

Channel 7 has video:


http://www.wxyz.com/dpp/news/detroit-among-five-mi-cities-to-receive-100m-for-housing-demolition