In 2010, the United States Department of Treasury, allocated $500 million to Michigan as part of the Troubled Asset Relief Program’s Hardest Hit Fund to help homeowners in states hit hardest by the housing crisis. Michigan announced recently that $100 million will be released to fight blight in Detroit, Flint, Saginaw, Grand Rapids and Pontiac. The Michigan State Housing Development Agency (MSHDA) reports that Detroit will receive $52.3 million in assistance, Flint will receive $20.1 million; Saginaw $11.2 million; Pontiac $3.7 million, and Grand Rapids $2.5 million. The funds weill be used to demolish blighted properties in these communities. MSHDA expects at least 7,000 blighted properties to be demolished throughout the participating cities as part of the program, with Detroit seeing the elimination of about 4,000 blighted structures.
Detroit officials report that locally based demolition companies and work crews started the Detroit demolition and anti-blight campaign. Detroit kicked off its Blight Elimination Program, on August 26, 2013. That program is expected to continue for months. Flint, Grand Rapids, Pontiac and Saginaw are expected to begin their respective programs in September. Overall, MSHDA estimates at least 7,000 blighted structures will be razed during the program.
Michigan homeowners may obtain information on blight assistance available to them through MSHDA. Please visit the following link: https://www.stepforwardmichigan.org/
If you think that you may be facing foreclosure, or you have more than one mortgage on your home and cannot make your payments, is always important to get the expert help that you need from the attorneys at Resnick & Moss, P.C. We can help you make the right choices and achieve the best outcomes. Please do not hesitate to call, Resnick & Moss, P.C., at (248) 642-5400, for a free telephone consultation