State to utilize Hardest Hit Funds for addressing Indiana’s blighted homes
Indianapolis – Indiana municipalities may now qualify for funds to help demolish blighted and abandoned homes in their communities through the Hardest Hit Fund Blight Elimination Program aimed at preventing foreclosures.
Lt. Governor Sue Ellspermann, who oversees Indiana Housing and Community Development Authority (IHCDA), announced today that the U.S. Department of the Treasury approved the use of $75 million of Indiana’s Hardest Hit Funds for its Blight Elimination Program. The Blight Elimination Program will provide funds to Indiana municipalities, through a competitive application process, to address foreclosure prevention and eliminate blighted, vacant and abandoned homes.