urban issues

Politics & Government
5:30 pm
Mon February 3, 2014

Blight Elimination Program Aims to Reduce Foreclosures

The State of Indiana is diverting federal money to help local communities demolish abandoned homes.  Lieutenant Governor Sue Ellspermann says the program will help stabilize neighborhoods and reduce foreclosures.

Indiana has the highest percentage of abandoned foreclosed homes in the country, with estimates of more than 50,000 abandoned homes statewide.  The state received approval from the federal government to divert $75 million from its Hardest Hit Fund – which helps Hoosiers avoid foreclosure – for a Blight Elimination Program.

Read more