Michigan to get $75 million more to fight blight

Michigan to get $75 million more to fight blight

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It has sold more than 3,000 houses and returned properties worth more than million. michigan can only buy a home if they intend to live in it. That’s meant to block absentee speculators. People.

 · Flint, Michigan, recently adopted a new plan to eliminate blight over the next five years. With about a third of the city’s properties in derelict conditions – 19,842 homes, commercial structures and vacant lots – it is shocking that this didn’t happen 10, 15, even 20 years ago. If it had.

Young II, with plans to revitalize more neighborhoods and get Detroiters. fight against blight. The city, he said, is working to expand neighborhood infrastructure and corridor improvements and.

Detroit to get $21 million more for blight demolition. A state board Wednesday afternoon approved moving $32.7 million from its federal Hardest Hit Fund award into blight removal for Detroit and.

The U.S. Department of Treasury today says Michigan is eligible for more than $300 million from the Hardest Hit fund. Nearly $75 million is available immediately. U.S. Rep. Dan Kildee, D-Flint, has been among those fighting for the blight money.

Over 10 percent of the 132 million housing units in the U.S. — 14 million homes — were vacant in 2011. Old-fashioned blight, compounded by the mortgage. Last March, Detroit had more than 83,000.

Lansing will receive a $6 million federal grant to fight blight in the city.. To find out more about Facebook commenting please. the state announced $75 million in federal money to remove.

Existing home sales fall, but up 11% from last year Love and hate on the Johnson-Crapo GSE reform effort FHA to deny mortgage backing for credit disputes above $1,000 Will market turmoil drive the Fed to taper the taper? The Fed's Bind: Tapering, Timetables and Turmoil – Guggenheim. – There are striking parallels between the dramatic recent sell-off in U.S. Treasuries and the Great Bond Crash of 1994. But the summer of volatility now facing financial markets is no doomsday scenario. Instead, it puts the U.S. Federal Reserve in a bind. Higher interest rates will reduce housing affordability, which is especially troublesome since housing is the primary locomotive of U.S.Bank repossessions up 66% in third quarter from 3Q14 Meanwhile, banks are making what is believed to be the final push in flushing out the foreclosure pipeline of lingering distress, resulting in a recent surge in bank repossessions. Nationwide, in the third quarter, a total of 123,040 properties were repossessed by lenders (REOs) – unchanged from the previous month but up 66% from the third.The new FHA rules for credit disputes was put in place to restrict borrowers with collection account or bill dispute on the credit reports. If the borrower had just one disputed account over $1,000 on any credit report, they wouldn’t have been allowed to receive an FHA-approved mortgage loan .housing finance reform has proven elusive for years, and many think an election year is not the ideal climate in which to push comprehensive legislation. Many will be watching to see how Johnson-Crapo.Fitch: Rise of nonbank servicers threatens private-label RMBS Top five nonbank servicers now handle 64% of all private-label securities. The precipitous growth of nonbank mortgage servicers in recent years presents a threat to the performance of private-label residential mortgage-backed securitizations, Fitch Ratings said in a new report.The median sales price was $310,000, up 11% from first quarter 2018. Sisters had 55 sales, similar to 57 a year ago. The median sales price was $410,000, up 9% from last year.2017 Rising Stars: Kyle Gunderlock The Power of Perseverance Shines Brightly at QCC's 2017. – At Quinsigamond Community College, recognizing and honoring those who persevere and make a difference is just one of the many examples of what makes QCC’s community so unique. The Power of Perseverance Shines Brightly at QCC’s 2017 Rising Stars Event | Quinsigamond Community College (QCC)

Flint – The state may pursue using federal blight. to get the effort started. This plan comes a month after a state plan was approved by the U.S. Department of Treasury for Flint to receive $13.9.

DETROIT (AP) — The state of Michigan has divided more than $75 million in federal funding to fight blight among 12 cities, with Detroit getting about two-thirds of the money. The funding details.

A plan to combat blight in 12 Michigan cities was approved for $75 million in Federal funding by the U.S. Department of Treasury. The plan, created by the Michigan State Housing Development.

On Wednesday, attorneys for the more than 300 Nassar victims suing the university announced a settlement that includes $425 million to be paid to the 332 current claimants and million. victims.

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