Abandoned Detroit 5
Now, the Motor City is getting a $52 million boost to fight the
blight with wrecking balls and dump trucks under a plan to demolish more
than 4,000 vacant homes across the city.
“By eliminating the blight in a neighborhood, we increase the
property values, give the folks an incentive to stay in their homes, and
therefore maybe they won’t get into a foreclosure problem,” explains
Scott Woosley, executive director of the Michigan State Housing
Development Authority.
With $100 million in federal funding from Troubled Asset Relief
Program’s Hardest Hit Fund, officials are hoping the massive demolition
project will reduce foreclosures and stabilize neighborhoods in five of
Michigan’s largest cities.
Abandoned and blighted homes lead to an increase in crime, depressed
home values for surrounding properties, and strain community resources,
according to Woosley. For instance, he says, 60 percent of Detroit’s roughly 12,000 fires each year occur in abandoned properties.
“By taking those down, we’re taking that out of the equation,"
Woosley said. "The fire department doesn’t have to show up, they don’t
have to expend the funds to put out the fires, and that’s a big plus, a
big positive for the city. That’s a cost they don’t have to incur.”
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