INDIANAPOLIS — Nearly 30 Indiana counties, cities and town will share $12 million in federal funding to clear blighted and abandoned homes.
The funding announced Thursday includes amounts of $500,000 or more to Logansport, New Castle, Peru, Hartford City, and Greene, Posey and Sullivan counties. Lt. Gov. Sue Ellspermann says the total funding is expected to clear more than 550 blighted or abandoned homes.
Ellspermann says the program helps stabilize property values in areas and helps to prevent future foreclosures.
Indiana has the highest percentage of abandoned foreclosed homes in the country, making the blight elimination program a priority for state and federal offices.
More information: http://www.877GetHope.org/blight