Brought to you by WBIW News and Network Indiana
Last updated on Thursday, January 2, 2014
(INDIANAPOLIS) - State Senator Jim Merritt (R-Indianapolis) says he’s working on new legislation aimed at preventing more Hoosier homes from going into foreclosure and ending up abandoned and blighted.
Merritt says vacant or abandoned housing continues to be a big problem in cities like Gary, South Bend, Muncie, Evansville, Indianapolis and others.
Merritt says the state has already distributed $23 million to local communities to tear down blighted homes.
He's promoting the "Hardest Hit Fund." He says that's $221 million in federal money set aside to either help financially-stressed homeowners avoid foreclosure and aid communities in tearing down blighted properties.
Merritt says they're also seeking permission from the federal government to use upwards of $100 million for communities to tear down abandoned properties.
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